About Insurance
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If i wanted to sell my bike and buy another bike, do I need to buy another new insurance, that means I need to fork out money again?
OR
I juz cancel my current Insurance and get back some money then buy another Insurance? -
its pretty much confirm you need to buy a new insurance and the old insurance will be invalid (even for the new ovner of ur old bike)
as insurance pricing depends on
1) the rider (how many experience riding, no of accidents ..etc)
2) the type of bike (how old the bike, faring bike or non)
3) and the current pricing of the insurance (well from what i know insurance pricing alwasy goes up)
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will he get a refund for the insurance if he sells his bike and there are a few months left of his own insurance?
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u can used the refund to offset ur new policy if u r going for the same company, however if u want back cash, it wont be muchOriginally posted by Adam&Eve:If i wanted to sell my bike and buy another bike, do I need to buy another new insurance, that means I need to fork out money again?
OR
I juz cancel my current Insurance and get back some money then buy another Insurance?
and refund is onli for policies not more than 8 mths old -
So what if i use the bike only for 1 mth? how they calculate huh?Originally posted by ah_tee:u can used the refund to offset ur new policy if u r going for the same company, however if u want back cash, it wont be much
and refund is onli for policies not more than 8 mths old -
Called up China Insurance to check up, they actually told me that to add sub rider he/she must be min 25 leh, sigh, now my bike got stuck, can't let my friend take over. And quote by NTUC insurance, 2nd party for my phantom 200 is $630.......
So ex!!!! Really up to kill riders, wats the point of having $10 COE, when insurance is so sky high???? -
depends on insurance co.Originally posted by Adam&Eve:So what if i use the bike only for 1 mth? how they calculate huh?
mitsui confirmed rip off,
i bought a policy for 220
i use for 4 mths, they return onli 60 dollars u say leh