SV650.org - SV650 & Gladius 650 Forum - View Single Post - Odd question, can you have 2 seperate insurance policies at same time?

14-03-10, 08:41 PM

This may be a simple yes/no answer but I may have a major problem with regards to another thread where I planned to buy a new bike but not actually take it from the dealer for 2 months.

It occured to me today that they will need to tax the bike on the 'purchase date' of March 31st however I will not be insuring the bike until May 29th (when I have 1 yrs NCB) they will take my SV in on March 31st so I wont have a bike from March 31st to May 29th but I will leave the insurance running to earn the NCB.

The issue of the tax is concerning me so I did some looking about and have found an option to get a monthly policy (£70 per mth) on the new bike from March 31st and just renew this from Apr 30 to May 29th and then take a new policy with my 1 yrs NCB.

So my question is am I doing anything wrong (illegal) by potentially running 2 insurance policies in parellel, the one I have currently until the end of the policy (without having the bike anymore) and the new one for just the 2 months until I take a new standard annual policy out on May 29th???????

If anyone has a better idea then please let me know but dont suggest just cancelling the current policy and taking a new one as the price difference without a full year NCB is over £600!!

14-03-10, 08:41 PM	#1
nictry Guest Posts: n/a	Odd question, can you have 2 seperate insurance policies at same time? This may be a simple yes/no answer but I may have a major problem with regards to another thread where I planned to buy a new bike but not actually take it from the dealer for 2 months. It occured to me today that they will need to tax the bike on the 'purchase date' of March 31st however I will not be insuring the bike until May 29th (when I have 1 yrs NCB) they will take my SV in on March 31st so I wont have a bike from March 31st to May 29th but I will leave the insurance running to earn the NCB. The issue of the tax is concerning me so I did some looking about and have found an option to get a monthly policy (£70 per mth) on the new bike from March 31st and just renew this from Apr 30 to May 29th and then take a new policy with my 1 yrs NCB. So my question is am I doing anything wrong (illegal) by potentially running 2 insurance policies in parellel, the one I have currently until the end of the policy (without having the bike anymore) and the new one for just the 2 months until I take a new standard annual policy out on May 29th??????? If anyone has a better idea then please let me know but dont suggest just cancelling the current policy and taking a new one as the price difference without a full year NCB is over £600!! Last edited by nictry; 14-03-10 at 08:42 PM.