Bike insurance when selling

rlzzzz

Hi,

My current bike insurance runs out on the 5th of March, but I don't want to renew as I'm selling it. I've had a couple of offers and will probably accept one of them but it's unlikely they will collect before the 5th a March. As I understand it between the DVLA and insurance companies they have a system setup where you automatically get a fine for no insurance unless it's declared off the road.

Is my only option to get insurance for an extra week or two while the sale goes through? Seems a bit ridiculous as it's going to be sat in the garage the whole time.

Also when would I go about canceling insurance as there's obviously going to be a bit of a delay in the DVLA transfering ownership to the new owner.

Thanks

forgotmyname

Is it actually in force yet? Either way i dont see the issue, Simply declare the bike SORN and pay nothing.

Will the buyer want to test ride the bike? Do you want to be covered in case a buyer crashes it or steals it?

paddedjohn

The rules are due to change in april i think, if and when the new rule comes into force you also have to send your tax disc back for a refund if the vehicle is not insured.

uk-tyler

ebike do monthly insurance, not ideal but its an option.

lisyloo

Is my only option to get insurance for an extra week or two while the sale goes through?

I don't understand the issue with filling out a single form (statutory off-road notification).
Why don't you just fill in the form and leave it in the garage (you won't be insured for theft of course).
Alternatively get short term insurance but really I don't understand the issue with filling a form.
Another option is to give the buyer a small financial incentive for picking it up on the day your insurance expires.

rlzzzz

If I declare it SORN I have to send the tax disc back and it makes it difficult for the buyer to collect then, which is why I wanted to avoid it if possible. That way they can buy insurance and be ready to go straight away.

lisyloo

If I declare it SORN I have to send the tax disc back

Are you sure?
http://www.direct.gov.uk/en/Motoring/OwningAVehicle/UntaxedVehicle/DG_4022058

I am not sure you are correct (although I could be mistaken).

You CAN get a refund on the tax disk and if the vehicle was off the road for a long time this would make sense.
If you get a tax refund you MUST SORN an untaxed vehicle.
But where does it say you have to send off the tax disc if you do a SORN?

rlzzzz

I had assumed that would be the case but maybe I was wrong. Either way if I declare it off the road it's much more difficult for someone to buy and ride it away that day.

For now I've arranged for the buyer to come on the day my insurance expires and if all goes well Ill get a signed receipt with date/time of sale so if they try to fine me I can prove I had already sold it. The only thing I could see being a problem then is if the new owner doesn't insure it straight away and it would still technically be in my name as it will take a few days for the DVLA records to update, but at least with the receipt I can prove the sale date.

I notice on here:
http://www.direct.gov.uk/en/Motoring/OwningAVehicle/Motorinsurance/DG_186696
It doesn't actually give a date anyway, just early 2011 so hopefully the system isn't in effect yet.

vaio

lisyloo wrote: »

Are you sure?
http://www.direct.gov.uk/en/Motoring/OwningAVehicle/UntaxedVehicle/DG_4022058

I am not sure you are correct (although I could be mistaken).

You CAN get a refund on the tax disk and if the vehicle was off the road for a long time this would make sense.
If you get a tax refund you MUST SORN an untaxed vehicle.
But where does it say you have to send off the tax disc if you do a SORN?

From the guidance notes on….

http://www.direct.gov.uk/prod_consum_dg/groups/dg_digitalassets/@dg/@en/@motor/documents/digitalasset/dg_065269.pdf

“…….You should not use this form if the vehicle is taxed and no longer used on the public road. You need to return the disc (including nil value discs) to DVLA and make a SORN using Application for a refund of vehicle tax when you have the tax disc (V14) instead……”

Currently you can’t SORN a taxed vehicle so if the vehicle is taxed you must surrender the disc (even if it’s a free one like historic).

Whether this will change when/if SORN is extended to includes insurance who knows

lisyloo

Blimet, this all makes life rather difficult for law abiding citizens doesnt it?

vaio

yep

or rather

yep, but that's a common (inevitable?) result of just about all the “crack down” legislation on various illegalities that have been introduced over the last 20 years.

It makes life hard/expensive for the law abiding whilst yer actual drivers without tax/insurance/licence carry on much as before because err they aren’t law abiding