Things to think about with temporary insurance policies
Temporary insurance can be a consideration in some cases where the rider is only looking to insure a motorcycle for a specified period of time. This can be for a certain number of days or months and it all depends on specific needs as to which to choose.
It could perhaps be to cover the use of a motorcycle on holiday, a test ride on a prospective buy or could even be to only insure the bike for a specified period of time through the year as the rider may only ride for a few months during the summer.
There are a number of things to consider however before choosing this type of policy.
Consider your no claims
Firstly, consider that taking out an insurance policy for only a specified part of the year will mean that you won’t accrue a no claims discount for the motorcycle as the cover won’t extend a full year. If you also have a number of years no claims then these will expire after a couple of years, meaning that you could potentially lose out on future policies by making them more expensive.
It’s also worth bearing in mind that the bike won’t be insured while it’s parked up, so if the bike was stolen you wouldn’t be covered. You can get laid-up cover that will protect your bike while it’s not in use, however this is usually only really beneficial for bikes that will be off the road for a good period of time, or perhaps for bikes that are to be displayed and not ridden.
Finding a policy to only cover you for part of the year could also be slightly tricky as it’s only really dealt with by specialist insurers, you won’t find that you have the choice you may be used to if you use comparison sites. Without this competition from other insurers the policy could end up becoming more expensive.
Borrowing a bike
If you are borrowing a bike then short-term insurance can be a tempting prospect, it can allow you to avoid the expense of hiring a bike if you have a friend or somebody who is willing to loan you one and avoid having to pay for a policy that will extend far after you’ve finished with the bike.
One way around this is to purchase a policy on your bike that will cover you to ride third-party on another machine. It’s worth checking your policy documents to see if this is the case and if you are searching for a new policy then this should be a consideration if you think that you’ll be riding another bike at any point during the course of the year.
Finally, another thing to think about when considering leaving your bike uninsured for any period is that you will need to complete a statutory off-road notification (SORN) for the bike as it became illegal to keep a vehicle taxed without adequate insurance in 2011.
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