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26-05-11, 09:07 PM | #1 |
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insurance advice!
Hello!!
Sorry not been online in a while, been moving and only just got the internet! At last! So .... the blue SV is a bit sick from being hit from behind by a 3rd party, cant say too much as still going through the insurance etc ... As the SV was going to be a first bike to get the insurance down after a years NCB i was hoping to get daytona600 ... now that the SV is going to get wrote off i've decided that i'm going to bring the buy a bit closer, that and i have a biking holiday end of June in France. So the question is, am i allowed to actually buy a new bike and insure whilst a claim is going through on another policy annnndddd are you able to pay the higher rate on a new policy for say 5 months then cancel, take out another and say i have 1 years NCBs. I've emailed my current insurer but no reply and havn't found the time to ring them yet! Did think of getting another SV on my existing policy but i ideally would like the daytona for this summer and not over winter. ideas? |
27-05-11, 04:43 PM | #2 |
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Join Date: Apr 2005
Posts: 176
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Re: insurance advice!
I don't understand the 4th para - Why would you want another policy when you already have one? You just want to change the bike on cover. If you cancel a policy before the end of the term, then you won't earn any ncd, as you havent been driving for the full policy year to earn it.
You buy a years cover. Your premium is based on a years cover. Subject to additional premium to reflect the new risk, from the point of the substitution, you should be fine. I have heard some old ******** over the years about insurance being cancelled by an insurer due to the notification of a total loss, but praccticably it should't make any odds to the insurer really, and a complaint should sort them out. Sometimes insurers do daft things because its a complex product, dealt with by unqualified people with too much work and not enough training or desire to make a career out of it. All you need to watch for is that your insurer is one which will cover the replacement reasonably cost effectively.
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