is it safe to buy bike with HPI saying "Insurance theft" ?

Motorcycling
1

hi guys
l need your advice :frowning:

l found bargain bike - yamaha virago 125cc for £1200!
(l just got my CBT done so l want something easy)

l did HPI check and there is a note “insurance theft”
but no info on police note (means not stolen)??

the owner said he didnt know and didnt checked that before and it looks like some old note
he owner looks like a good one (and its biker himself)

but he bought this bike as 250cc and it was re-build to be 125cc

insurance is clear on it - no problems
MOT is clear - no advisory

the only bugger is that HPI check!

any thoughts on that >>>>???

let me know !

2

Maybe stolen recovered…
Ask the guy how long owned the bike and what date was recorded as that and if he was owner during that time he telling porkys perhaps…
Or could ring insurance company and ask also…
If is all good would give you room to offer lower price aswel…

3

Invoke buying bike rule No.1

If you suspect anything might not be as it seems then walk away.

I’d walk away from this one and find something else, grab a cheap CG125 or YBR125 pass your test and move on, happy days.

4

Viragos are so hard to find and l love this cruiser a lot :slight_smile: but l dont want to end up in big s*** after :


Owner said he owns it fr 2 years now.


I was looking on insurance for it and all quotes are going through no problem
Can any insurer give me info on the status of the bike ??

5

walk away, you’ll find another one soon enough.

6

Getting an insurance quote for the bike is just that a quote to insure

It does not reflect in any way the status of the bike. Take off the rose tinted spectacles and look at it for what it is. Who in there right mind would down grade a 250 to 125 and for why, since as a 250 it would be worth more than as a 125.

I don’t understand the term @insurance theft’ on the HPi check but clearly something is not right here.

Walk away and have a look at some of these inter webby wotsit to Bike Trader choice of 200+ 125cc Custom Cruisers starting price £1000+

7

ART!!
I think you are right!

l will pass on this one.
it really doesnt feel good anymore

Thanks for tips guys

l think for the first bike l deserve a “clean” one!!

:slight_smile:

8

You know I’m right

Happy days

9

Sorry but agree with Art 100% walk away

I can smell a rat!

There are plenty more fish in the sea, patients is a virtue.

10

I don’t think it is anything dodgy, just seems as mentioned was stolen and recovered, now what you want to find out was there damage etc which if it does not mention cat c or d it may not have had any.

maybe was stolen person got paid out and recovered after and maybe sold by auction by insurance company.

dig deeper see wot you can find out try and find out wot insurance company etc.

if anything gives you room on the price.

11

ignore wot I just said, walk away: http://www.hpicheck.com/glossary.html#_insuranceTheft

click on insurance theft

12

thanks guys
l said thanks but no thanks to the seller :slight_smile:
bike was dreamy but wont risk it !

case closed :smooooth: