Insuring an unfit bike

6

6mtsedan

Active member
Hi all,

Have had a dilemma the last year. Due to a head injury i have been unable to drive/ride/ be in a vehicle for over a year now. Sold my street bike but insurance is due up next year. Just realized i probably shouldnt have sold it :(

I have my track bike here with signed overship (can get uvip signed no problem). My question is is if i registered the bike as unfit, can i get fire and theft and would this count as not having a break in insurance until i am ready to pick up a new bike?

Other options....
1) Pick up a bike i want and just sit on it until i (hopefully get better)
2) Pick up a 50cc scooter for cheap and pay cheap insurance on that for the time being
3) go back to sq1 (will need to convince the wife to let me buy a bike in the future again)
 
Call your agent and ask for a rate on the track bike, giving them the VIN. I don't think they need a plate number because you can't get a plate until you have insurance.

What is the bike worth and is the premium worth the risk?
 
nobbie48 said:
Call your agent and ask for a rate on the track bike, giving them the VIN. I don't think they need a plate number because you can't get a plate until you have insurance.

What is the bike worth and is the premium worth the risk?
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The bike isnt worth much....its more so because i dont have a streetbike that i dont want my insurance history to have a break in any history
 
I'm not sure insuring for comp only will give you the insurance continuity you are hoping for.

If you are thinking about paying liability insurance for 1 year plus to keep cheaper rates upon your return, I would look through the math closely. I'm not sure you can get ahead in that program.
 
GreyGhost said:
I'm not sure insuring for comp only will give you the insurance continuity you are hoping for.

If you are thinking about paying liability insurance for 1 year plus to keep cheaper rates upon your return, I would look through the math closely. I'm not sure you can get ahead in that program.
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I'm not really interested in cheaper rates moreso i dont want to start back at square 1 as I have been riding continuously for the last 7 years...the question is can i insure the track bike to keep that record and have it unplated/unfit, get a 50cc scooter, or just grab a bike that i think will fit (I'm 6'4 so not a lot of bikes are comfortable)
 
6mtsedan said:
The bike isnt worth much....its more so because i dont have a streetbike that i dont want my insurance history to have a break in any history
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If you aren't a high risk / high premium rider and have a friend with a bike see if you can get listed on his policy. That would show continuity. It worked for my brother when he left the country for a couple of years although his was a car policy.

Your friend doesn't ever have to let you ride his bike.
 
If you can find comp only coverage, please let us know, because when I looked into it recently, every broker/insurance company I asked told me they don't do that anymore.
 
Go to a scrapyard like cycle salvage in Peterborough and buy the smallest CC/cheapest piece of junk you can find that still has a Vin and ownership. Insure that For just basic liability, and assuming you have a clean record it should only cost you a few hundred dollars a year and you've accomplished your mission of keeping insurance continuity.

This assumes it would be cheaper than insuring your track bike (SS/RR=$$$++?) which is also a totally viable solution – it doesn't have to be registered as fit to insure it.
 
Right idea, but the cheapest/smallest bike isn't necessarily the cheapest to insure. Get a quote before you actually buy ANYTHING.

PrivatePilot said:
Go to a scrapyard like cycle salvage in Peterborough and buy the smallest CC/cheapest piece of junk you can find that still has a Vin and ownership. Insure that For just basic liability, and assuming you have a clean record it should only cost you a few hundred dollars a year and you've accomplished your mission of keeping insurance continuity.

This assumes it would be cheaper than insuring your track bike (SS/RR=$$$++?) which is also a totally viable solution – it doesn't have to be registered as fit to insure it.
Click to expand...
 
Brian P said:
... and which still runs and passes a legit safety inspection ...
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He just wants the continuity of insurance, it could just be a bare frame For all that matters.
 
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