Multi bike, multi rider?

[harry the cat]

Anyone got a multi bike policy for more than one rider, or alternatively a multi bike policy that allows a second rider?

Magnet and I (notice the correct grammar) both have our own bikes, and own insurance policies. She's with IAM surety, I'm with Hastings Direct. Good policies, reasonably priced. So far so good.

Now we've decided to buy a third bike we can both use. This would appear to be a problem, or a major revenue opportunity, depending whether you're a customer or an insurer.

Hastings will add the new bike to my policy for £67 but won't let me have a named 2nd rider on a multi bike policy. They will sell me a separate policy but they want over £300 for the new bike (R1200RS) which is nearly 3 times what I pay on the 800GSA.

IAM surety will add the bike to Magnet's policy but again it's expensive (over £200), and again no named rider.

She's found a multi bike, multi rider policy with Ebike Insurance but it's more expensive than insuring them all separately at over £700.

She's also been told by Carol Nash that you can't have two insurance policies in operation on one bike so if that's true we would either have to find a reasonable MBMR policy or insure the bike separately.

I could just add it to my insurance and not let her on it but that would result in serious injury and/or divorce. Neither option is very appealing

So has anyone got a decent multi bike, multi rider, policy or another alternative? Are separate policies on the same bike an insurance no no?

 

[gspod]

Any resolution to this problem as it is something that we will be facing soon.

Many thanks

 

[harry the cat]

Any resolution to this problem as it is something that we will be facing soon.

Many thanks

Nope. Had to buy a separate policy. No no claims either, you can't double that up on a second policy. Resorted to good old haggling. IAM Surety won in the end.

 

[gspod]

Okay thanks for the response.

 

[Micky]

Nope. Had to buy a separate policy. No no claims either, you can't double that up on a second policy. Resorted to good old haggling. IAM Surety won in the end.

I got a bollocking off you and 'her indoors' for being on here when I was on holiday

Now get thesen back to the warm clutches of her arms and enjoy your holiday

 

[UpgradeAl]

I am not an insurance expert, by any means, but I can see the issue here from their point of view.

Multi-bike, one rider, no problem. One bike, multi-rider, no problem.

But the minute you have multi-bike, multi-rider, the insurer has the effective risk of more than one policy in operation, if more than one person is riding at the same time....

 

[xorti]

Some policies allow you to ride your mates bike, I do not remember how it is called.
Ie. I have Insurance and I can ride any bikes which is not mine and has 3d party insurance.

 

[Wapping]

Families who own more than one vehicle (sometimes registered in various names) and driven by more than one of the same family are not uncommon. For instance, I am thinking of a family of four (father, mother, two children) who might own five cars between them:

Father, a car driven by him and his wife and a car driven only by him

Mother, a car driven by her, her husband and both children.

Oldest child, their own car also driven by both parents

Youngest child, their own car also driven by both parents

Or similar combinations. Think also when a child learns to drive: The two parents could be driving a car, registered to the wife, to which the child is then added to the insurance.

Where they would all need to be careful is who is accumulating the no claims bonus.

So, having established that multiple ownership and ability to drive policies are possible, all you now need to find is the same product for motorcycles. Not so easy (there are far fewer motorcycle owning families than there are car owning families, so the demand for a policy of this type is far lower) but not impossible. Whether they are 'cheap' will depend on lots of factors, not least your expectations.

A friend of mine owns something llike five motorcycles, all insured under one policy, with two registered to his wife, three to him and all being insured for either person to ride. The policy was issued by Tradex (or summat like that) who specialise in fleet policies and / or other 'non-standard' Motor insurance covers. Give them a go, perhaps? I came very close to insuring my bikes and two cars with them.

Alternatively, you may need to take out two policies (maybe with different insurers) for your bikes and your wife's bikes but with both of you insured on each other's policies. The NCB would accrue to only one name on each.

As always, the trick is to keep ringing round and often talking to someone other than the first chimp who answers the phone. The first chimps most often deal only with everyday bog standard requests. If it doesn't fit their standard list they say "No". There is nothing wrong with that as it caters for the vast majority of the business the company wants or needs to deal with. For example, the broker Devitt struggles with more than four motorcycles on the standard BMW Motorrad branded policy, insured by Equity Red Star. But, within the same Devitt broker there is a bod who deals with 'multiple bikes' (ie more than four) under the Motorrad policy, insured by Equity Red Star. All you have to do is find him and then it's very easy.

The reason why Devitt struggle? It has nothing to do with the insurer, Equity Red Star, who are quite happy to insure one bike, 10 or even 100 vehicles on one policy. The challenge to overcome lies in the Devitt chimp's quote software which only allows for up to four motorbikes. That is fine as it caters for the vast majority of bikers' demands, none of whom will ever want to insure five or more motorbikes at one time. To them the Devitt chimp will be a godlike genius... To me and a few others, they are a useless cnut who needs to find alternative employment stacking tins (badly) in Poundwise in Bolton.

 

[harry the cat]

I got a bollocking off you and 'her indoors' for being on here when I was on holiday

Now get thesen back to the warm clutches of her arms and enjoy your holiday

Can't. She's on her ipad

 

[harry the cat]

Families who own more than one vehicle (sometimes registered in various names) and driven by more than one of the same family are not uncommon. For instance, I am thinking of a family of four (father, mother, two children) who might own five cars between them:

Father, a car driven by him and his wife and a car driven only by him

Mother, a car driven by her, her husband and both children.

Oldest child, their own car also driven by both parents

Youngest child, their own car also driven by both parents

Or similar combinations. Think also when a child learns to drive: The two parents could be driving a car, registered to the wife, to which the child is then added to the insurance.

Where they would all need to be careful is who is accumulating the no claims bonus.

So, having established that multiple ownership and ability to drive policies are possible, all you now need to find is the same product for motorcycles. Not so easy (there are far fewer motorcycle owning families than there are car owning families, so the demand for a policy of this type is far lower) but not impossible. Whether they are 'cheap' will depend on lots of factors, not least your expectations.

A friend of mine owns something llike five motorcycles, all insured under one policy, with two registered to his wife, three to him and all being insured for either person to ride. The policy was issued by Tradex (or summat like that) who specialise in fleet policies and / or other 'non-standard' Motor insurance covers. Give them a go, perhaps? I came very close to insuring my bikes and two cars with them.

Alternatively, you may need to take out two policies (maybe with different insurers) for your bikes and your wife's bikes but with both of you insured on each other's policies. The NCB would accrue to only one name on each.

As always, the trick is to keep ringing round and often talking to someone other than the first chimp who answers the phone. The first chimps most often deal only with everyday bog standard requests. If it doesn't fit their standard list they say "No". There is nothing wrong with that as it caters for the vast majority of the business the company wants or needs to deal with. For example, the broker Devitt struggles with more than four motorcycles on the standard BMW Motorrad branded policy, insured by Equity Red Star. But, within the same Devitt broker there is a bod who deals with 'multiple bikes' (ie more than four) under the Motorrad policy, insured by Equity Red Star. All you have to do is find him and then it's very easy.

The reason why Devitt struggle? It has nothing to do with the insurer, Equity Red Star, who are quite happy to insure one bike, 10 or even 100 vehicles on one policy. The challenge to overcome lies in the Devitt chimp's quote software which only allows for up to four motorbikes. That is fine as it caters for the vast majority of bikers' demands, none of whom will ever want to insure five or more motorbikes at one time. To them the Devitt chimp will be a godlike genius... To me and a few others, they are a useless cnut who needs to find alternative employment stacking tins (badly) in Poundwise in Bolton.

Jeez Wapping thank feck you didn't reply when I asked the question! I'd still be trying to work out who was driving what or ringing all the bike insurers in the hope of finding one nugget amongst all the 'chimps'��