Has anyone else read about this loophole.
http://britishbikersassociation.org/...n-his-old-bike
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Has anyone else read about this loophole.
http://britishbikersassociation.org/...n-his-old-bike
Never heard that one before. Jeeesus!
I've heard of that before. This James Bryson that was killed sounds like he did the world a favour by removing himself from it
Thats exactly the same with a car and its pretty well known.
Say if your car was stolen and that person smashed into someone then it would be your insurance that would pay for it. The insurer (you) takes full responsibility for that vehicle and any damage that it may cause regardless of the circumstances that the damage happened.
Perhaps if insurance companies weren't such robbing bastards and wanting to fleece you every time you change something, then perhaps more people would cancel straight away.
I had an instance on an old bike i sold where i was paying monthly installments of around £18, i sold my bike with 2 months left on the insurance and they wanted £45 for "administrative fees"
Cobbing Runts!!!!
Another fine example of the law being an arse.
My old one wanted hundreds to change my bike and the £60 when I cancelled it, glad I cancelled right away although this left the old bike uninsured for a few days until it was sold.
I bet they hide this little fact in the million word small print that nobody has ever had time to read.
I wouldn't read to much in to this article from the Daily Hate. It will never happen and is a scare story. If you have sold the bike and can prove it, it would never hold in court. Good story though.
Unfortunately, I believe that what has been reported is common practice that has been going on for some years. In normal circumstances if an accident involved an uninsured driver/rider the innocent party claims from the Motor Insurers Bureau, I'm guessing that if the MIB find an in force policy on the vehicle the claim will be made from that policy.
I think it operates basically the same way as if you have your vehicle stolen and any claims for damage could be made against your insurance.
Even if the new owner had taken out insurance it would not technically be valid as there was already a policy in force and you cannot have two policies on one vehicle.
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