Author New bike insurance  (Read 10129 times)

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  • Offline coastal59   wales

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    Offline coastal59

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    New bike insurance
    on: October 03, 2023, 02:02:31 pm
    October 03, 2023, 02:02:31 pm
    I wanted to change my existing policy to my brand new Triple black XR with Hastings insurance and they told me the underwriters declined to do so .
    I wonder what caused that , I insured it with Bennetts . What made it worse is that I am working away at sea and was struggling with Comms .
    The bike is in my garage and I can't wait to get home to take it out .

  • Offline Antares   gb

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    Offline Antares

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    Re: New bike insurance
    Reply #1 on: October 03, 2023, 05:17:46 pm
    October 03, 2023, 05:17:46 pm
    *Originally Posted by coastal59 [+]
    I wanted to change my existing policy to my brand new Triple black XR with Hastings insurance and they told me the underwriters declined to do so .
    I wonder what caused that , I insured it with Bennetts . What made it worse is that I am working away at sea and was struggling with Comms .
    The bike is in my garage and I can't wait to get home to take it out .

    I'm running into the same issue, I'm young for such a big bike but i still managed to insure myself for 3 years around 500 quid or so, this year was just shopping around bikes, not getting quotes... not just expensive ones, but no quotes at all... 5 years ncb, clean license, safe area, multiple years on big bikes... apparently something to do with one of the calculators/providers for quotes are not providing quotes atm, think they are called "markerstudy" i think, and they are one of the only ones providing quotes for "relatively higher risk" people, me for my age, you maybe profession? Not sure, just what the gocompare guy told me

  • Offline Mareng1   gb

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    Offline Mareng1

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    Re: New bike insurance
    Reply #2 on: October 03, 2023, 06:10:30 pm
    October 03, 2023, 06:10:30 pm
    Did Hastings say if it was the performance of the bike, the value and theftability - or your age/location?

    Try getting (conceptually) - cover for a 2020 XR valued at around £13k.  That might be what you have to settle for.


  • Offline coastal59   wales

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    Offline coastal59

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    Re: New bike insurance
    Reply #3 on: October 03, 2023, 08:41:10 pm
    October 03, 2023, 08:41:10 pm
    They said they couldn't say why , So I get the feeling that I am getting #### over by these vermin, I haven't claimed in years but WTF that obviously means nothing.

  • Offline Mareng1   gb

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    Offline Mareng1

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    Re: New bike insurance
    Reply #4 on: October 03, 2023, 09:14:54 pm
    October 03, 2023, 09:14:54 pm
    *Originally Posted by coastal59 [+]
    They said they couldn't say why , So I get the feeling that I am getting #### over by these vermin, I haven't claimed in years but WTF that obviously means nothing.

    Vermin?    Something about your profile/bike isn't attractive to your broker's underwriter(s).   

    So - find another underwriter who doesn't think you are a risky or scamming rat.

    Simples.



  • Offline Antares   gb

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    Offline Antares

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    Re: New bike insurance
    Reply #5 on: October 03, 2023, 09:16:34 pm
    October 03, 2023, 09:16:34 pm
    *Originally Posted by Mareng1 [+]
    Vermin?    Something about your profile/bike isn't attractive to your broker's underwriter(s).   

    So - find another underwriter who doesn't think you are a risky or scamming rat.

    Simples.

    Haha, easier said than done, because you NEED insurance but they don't need YOU...

  • Offline Mareng1   gb

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    Offline Mareng1

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    Re: New bike insurance
    Reply #6 on: October 03, 2023, 09:46:34 pm
    October 03, 2023, 09:46:34 pm
    *Originally Posted by Antares [+]
    Haha, easier said than done, because you NEED insurance but they don't need YOU...

    Then you (he) needs to check on insurance before actually buying the bike.  :164:


  • Offline Antares   gb

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    Offline Antares

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    Re: New bike insurance
    Reply #7 on: October 03, 2023, 09:59:16 pm
    October 03, 2023, 09:59:16 pm
    *Originally Posted by Mareng1 [+]
    Then you (he) needs to check on insurance before actually buying the bike.  :164:

    I don't think it's reasonable for me to expect that the bike I was insured on for 3 years consecutive each year only about 500 quid all of a sudden I'm some sort of a maniac with suicidal tendencies despite having higher than ever NCB and higher than ever (duh) age, and that they can no longer insure me, it's something to do with their calculators being messed up... Easy enough for all the 40+ riders here to say insurance is fair when you only pay 100-200 quid a year for comp, but they really are thieves for anyone that has anything remotely questionable about them, eg age or area.

  • Offline Mareng1   gb

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    Offline Mareng1

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    Re: New bike insurance
    Reply #8 on: October 03, 2023, 10:15:09 pm
    October 03, 2023, 10:15:09 pm
    The underwriters previously in your ‘sector’ have simply gone on to better/safer markets.

    It’s how ‘Shiela’s Wheels’ started up.

    I used to cut grass for a living, but moved on to office cleaning as it was easier, indoors and paid better.

    Do I have to continue to offer grass-cutting services to you?  :015:


  • Offline david_s   gb

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    Offline david_s

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    Re: New bike insurance
    Reply #9 on: October 03, 2023, 10:16:22 pm
    October 03, 2023, 10:16:22 pm
    I had the same problem, bought my S1000XR and Hastings declined to provide me with a quote for changing my bike so I had to cancel and go elsewhere. Ended up paying £900. :087:

    Still worth every penny though with the smile it puts on my face every time I ride it.  :001:

     



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