mennace Posted March 19, 2011 Share Posted March 19, 2011 Hi People Work this out recently got back on to 2 wheels and looked at insuring said bike, quotes unusually cheap ? had a virago 535 for 11 years with never a claim and i was quoted £71.00 full comp so filled in forms and paid premium in full with Bennetts. after which the insurance informed me that my NCB was out of date and that I had to start again with zero NCB. OK i accept that they informed me that the new premium would be £78.00 !!! so this means my initial 11 years NCB was worth a poultry 7 quid. But they charged me 30 quid to change the policy. Is it me or is this madness? Link to comment Share on other sites More sharing options...
Moderator DirtyDT Posted March 19, 2011 Moderator Share Posted March 19, 2011 ........................ Is it me or is this madness? No. Madness is a great band. It is stupidity. The insurance companies have learnt that they can make a good profit from "admin changes". a nice £25 or there-a-bouts for a new sheet of paper. I have found that, given my age and details, there are little savings for trying to reduce my premiums. Adding a good lock for better security - save £5 (the lock costs £65 and it is now a condition that I use it or theft is not covered) Insuring a SV650 fully comp - £96 Insuring a TS250 fully comp - £86 Adding a Scorpion titanium exhaust to the SV - no additional premium. Change of bike £25 + additional risk premium. Link to comment Share on other sites More sharing options...
oldtimer Posted March 19, 2011 Share Posted March 19, 2011 no its not you its those robbing swines called brokers.a couple of years ago i had a multibike policy with bennets i sold one of my bikes and like an idiot rang bennets who i had been with for years and told them that i had sold one of my bikes so they could take it off the policy,the guy replied no problem mate i will inform the insurance company,great all done so i thought till 4 days later i get a letter telling me i had to pay a £30 admin fee no mention on the phone when i rang them so after getting nowhere with bennets i renewed with carole nash, but two years later i find myself in the same position wanting to add a bike on that policy more admin fees but this time £45 plus £36.40 for the new bike,the origanal policy was only £86 and it has 8 months to run! Link to comment Share on other sites More sharing options...
mennace Posted March 19, 2011 Author Share Posted March 19, 2011 so not madness then just thieving buggers at bennetts ! gonna make sure i change insurers next year sod em Link to comment Share on other sites More sharing options...
neversaydie Posted March 19, 2011 Share Posted March 19, 2011 I added a second bike today on my policy, £25 admin fee, plus £3.37 bloody tax. trouble is, when I trawled around before renewing, the so called cheaper quotes returned via internet search gradually crept up while I was on the blower to the companies, adding this that an t'other. How many bikes can you ride at once Link to comment Share on other sites More sharing options...
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