06-10-2016, 11:45 AM
Hi,
I have 4 bikes but only 3 are insured as the 4th is in about a hundred pieces scattered about my house. But this is by the by.
My newer bike, an NC750X, is insured by Devitt as this was at the time a much cheaper option than the previous insurer. Anyway about a year ago I bought an outfit and thought I would add it to the policy. Unfortunately it turns out that the insurance I have on the NC is a one bike policy and I couldn't add another. It was far too costly to cancel and take out another policy. The solution was to search for a classic policy as the outfit qualifies as a classic. Found the really nice people at Peter James who quite happily insured it and as I was on the phone I asked them about adding my 1974 Honda XL250 MotoSport to the policy which they were quite happy to do and the cost was very reasonable. The reason I mention the XL is because I was unable to insure it with the likes of Carole Nash and other big companies because it didn't show up on their list and according to them there was no XL250 from Honda that old. It was even suggested by the chap at CN that the bike was a grey import. NO IT WASN'T as it was ordered through a Honda dealer and came from Japan (as all Hondas did back then) and I built it when it arrived at the dealers. I did ask about adding a modern bike to the policy later and was told that it could be done but we didn't go into details. As others have found out cancelling a newish policy is a very expensive business and not worth the cost. Anyway this year when the insurance came up for renewal on the NC I rang PJ and asked about adding it to the other two. They could have done this but the NC is not garaged as I use it every day and don't have a garage in the garden and it is just too much hassle to get to the garage I use to house the other bikes. So for another year I have 2 policies, 1 for the modern bike which is not garaged and is horribly expensive because I renewed instead of checked around and 1 with the 2 classic bikes which is very reasonable.
I find motor insurance a minefield and can't for the life of me see why a search online can produce quotes for the same bike and rider that vary from very reasonable to horribly expense. How do the more expensive ones survive or are there a lot of rich people out there who have money to throw away? One would think that the insurance business would be very competitive and that competition would drive the prices down, especially now that we have comparison websites.Â
Rant over.
Keep safe
Mike
I have 4 bikes but only 3 are insured as the 4th is in about a hundred pieces scattered about my house. But this is by the by.
My newer bike, an NC750X, is insured by Devitt as this was at the time a much cheaper option than the previous insurer. Anyway about a year ago I bought an outfit and thought I would add it to the policy. Unfortunately it turns out that the insurance I have on the NC is a one bike policy and I couldn't add another. It was far too costly to cancel and take out another policy. The solution was to search for a classic policy as the outfit qualifies as a classic. Found the really nice people at Peter James who quite happily insured it and as I was on the phone I asked them about adding my 1974 Honda XL250 MotoSport to the policy which they were quite happy to do and the cost was very reasonable. The reason I mention the XL is because I was unable to insure it with the likes of Carole Nash and other big companies because it didn't show up on their list and according to them there was no XL250 from Honda that old. It was even suggested by the chap at CN that the bike was a grey import. NO IT WASN'T as it was ordered through a Honda dealer and came from Japan (as all Hondas did back then) and I built it when it arrived at the dealers. I did ask about adding a modern bike to the policy later and was told that it could be done but we didn't go into details. As others have found out cancelling a newish policy is a very expensive business and not worth the cost. Anyway this year when the insurance came up for renewal on the NC I rang PJ and asked about adding it to the other two. They could have done this but the NC is not garaged as I use it every day and don't have a garage in the garden and it is just too much hassle to get to the garage I use to house the other bikes. So for another year I have 2 policies, 1 for the modern bike which is not garaged and is horribly expensive because I renewed instead of checked around and 1 with the 2 classic bikes which is very reasonable.
I find motor insurance a minefield and can't for the life of me see why a search online can produce quotes for the same bike and rider that vary from very reasonable to horribly expense. How do the more expensive ones survive or are there a lot of rich people out there who have money to throw away? One would think that the insurance business would be very competitive and that competition would drive the prices down, especially now that we have comparison websites.Â
Rant over.
Keep safe
Mike
