Well, the insurance is the main thing. If you're feeling comfortable riding that bike, that's fine, but what happens if you get into accident? Rent a van or if you have a SUV with a hitch, rent a $15 U-Haul trailer, buy ratcheting harnesses, front harness (like Canyon Dancer) and transport the bike. If you don't want to do that, you can always call the moving companies like MotoLimo, kneedragger88 (Ken, on this forum), etc. and get the move the bike for you.
Personally, I wouldn't touch that bike without the insurance (your insurance most likely won't cover the other bike, and his insurance won't cover you on his bike).
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