sv650s restricted license insurance?

I do get where you are coming from. If people want to lie about the biggest/obvious things, they might as well lie about everything.

[TamSV]

Originally Posted by Fallout

Basically, if you're going to bend the truth, you might as well lie about loads of other things, cos you're only buying a tick in the box with no insurance payout. Just my two pence/cents.

I totally agree with the principle that you should always tell the truth. I normally would advocate total honesty and have spelled out the consequences in other threads of not doing that.

However, this restricted bike mod thing is one of the exceptions. It's to do with how this business is written nowadays and a conscious trade-off by insurers of convenience over doing things properly.

The OP got quotes supposedly with and without restriction. The quote without the restriction was cheaper. So are insurers really saying that, if the OP rides an unrestricted bike in contravention of his licence, he should be entitled to a premium discount?

Off course not. What they have decided is that they want to do large volumes of business as cheaply as possible. That means reduced online question sets that can't deal with all the different risks and poorly trained staff who do what the computer tells them. All they need to do is write a bit of code that deals with this but they can't be bothered to do it.

Originally Posted by musne

I say this because I say that my bike is garaged, when it's not. Because I don't want to pay £500 extra just because it's not... I'd rather pay £150 extra and get some proper security where I park it.

I don't have any problem with that either TBH as you seem to understand that you are foregoing theft cover and making alternative arrangements to prevent it. Fine. It doesn't affect anyone else and you presumably won't be crying about it if you're unlucky.

Edit: sorry I quoted the wrong person, must have been a glitch.

Yea I sort of agree, but like I said. I would rather risk saying my bike is garaged and secure it myself in other ways. But I wouldn't risk saying I don't carry pillions when I do, or I wouldn't say I've held my licence for 10 years if I haven't. Because if I'm involved in an accident, they're not gonna come round and check the garage, they will just check that the relative information is correct.

And yes, I have been involved in an accident and they never checked the garage. I also said I was employed and didn't tell them I was a student and still my insurance was not void and the other persons insurance paid out.

btw, I love your custom SV 'TamSV' (Y)

[Jayneflakes]

When I tell insurers that my bike is restricted, I do not tell them that it is modified, I just say that it is restricted, then I have to list my comfort mods. When I have spoken to a good insurer, they know the difference between restricted and modified.

However, there are some out there who have not the first clue as to what a motorcycle is, let alone how to ride one and trying to get insurance out of them is a waste of time that could be spent watching paint dry or grass grow!

Explaining that the bike is restricted comes down to saying that you are on a restricted license not a modified bike.

[Fallout]

Originally Posted by Jayneflakes

However, there are some out there who have not the first clue as to what a motorcycle is, let alone how to ride one and trying to get insurance out of them is a waste of time that could be spent watching paint dry or grass grow!

This is definitely true. You have to find the right insurer. I used to have a modified car. Most insurers just hike up the premiums when you start listening mods, irrespective of what you've had done. When you shop around and find insurers with the right policy types, they handle the mods correctly. For me it was the difference between £700 going up to £1500 with Churchill, or £600 no matter what mods I have with A-Plan's Japanese Import Modified policy.

And I wrote that car off and got it's full value paid out! It's definitely about finding the right insurer who knows what they're doing. Perhaps brokers are the way to go.

I know common sense rarely applies to insurance, but wouldn't declaring a restricted bike lower your quote? After all your bike is now at less than half power.

[TamSV]

Originally Posted by Wobbly

I know common sense rarely applies to insurance, but wouldn't declaring a restricted bike lower your quote? After all your bike is now at less than half power.

Not really, there's not much correlation between outright power and accidents, which is why the 2 year power restriction is a waste of time. That's a subject for a different thread though.

[Fallout]

Yeah, it's all statistics based. Half of the insurers don't even work it out for themselves. Some other body provides them with the figures. You might think working as a motorcycle stunt rider means you're more capable and get a lower premium, but all it takes is a freak accident one year where a procession of motorcycle stunt professionals crash in a freak pile-up causing 50 high value payouts, and next year it'll cost you an arm and a leg to get insurance if you work in that profession. Dodgy example, I know, but you get my point. Silly, isn't it?

[yorkie_chris]

Originally Posted by Fallout

Basically, if you're going to bend the truth, you might as well lie about loads of other things, cos you're only buying a tick in the box with no insurance payout. Just my two pence/cents.

Payout vs possible personal liability in an at-fault claim? Really disagree with your way of thinking here.

Originally Posted by musne

Not really, because saying you don't carry pillion passengers when you only do it maybe 20% of the time is definitely a not the same as saying you're 46 and held your licence for 30 years when really you're 19 and held your licence for 3 days.

I say this because I say that my bike is garaged, when it's not. Because I don't want to pay £500 extra just because it's not... I'd rather pay £150 extra and get some proper security where I park it.

Why not just get TPO cover instead then?

Originally Posted by musne

I do get where you are coming from. If people want to lie about the biggest/obvious things, they might as well lie about everything.

Once again, a little bit of truth bending with plausible deniability is one thing, blatant taking the p*ss can land you right up the creek.