Hey folks,
I am looking at selling my bike in the next week or so; if I don't however, my insurance is up for renewal in March.
I have someone coming by who may be purchasing the bike, but who would need me to store it until they can pick it up sometime in the spring.
My understanding is that they would be giving me a cheque at the time we make the deal, so technically they would own the bike as of that day -- my question though, is how would insuring the bike for storage work until they can pick it up?
I'm guessing with our weather that I'd potentially be storing the bike for another 1-2 months. I believe the new owner should be insuring the bike since it'd be in their ownership, but with the bike on my property I'm a little concerned/confused as to how this would all work.
Appreciate any advice/feedback.
I am looking at selling my bike in the next week or so; if I don't however, my insurance is up for renewal in March.
I have someone coming by who may be purchasing the bike, but who would need me to store it until they can pick it up sometime in the spring.
My understanding is that they would be giving me a cheque at the time we make the deal, so technically they would own the bike as of that day -- my question though, is how would insuring the bike for storage work until they can pick it up?
I'm guessing with our weather that I'd potentially be storing the bike for another 1-2 months. I believe the new owner should be insuring the bike since it'd be in their ownership, but with the bike on my property I'm a little concerned/confused as to how this would all work.
Appreciate any advice/feedback.