More insurance questions

Motorcycling
1

Ok, more insurance questions:

I have a good mate of mine that is currently travelling due to work for over 6 months and has left his bike with me during that time, so I can run it in from time to time and keep all the bits in working order. Insurance-wise I am ok as my policy covers me for other bikes. However my girlfriend is about to get her licence and he offered her to use it in the meantime before he comes back. The big problem is the insurance. It seems impossible to get insurance on a vehicle you do not own, which is weird. Anyone knows whether this is possible and/or which insurance companies allow that? My options so far:

  • Have my mate add her name to his policy. He’s happy with that, but in case of a at-fault accident he’s the one that loses his NCB.
  • Change the V5 over. This may invalidate his own policy and will be a pain to rechange everything when he’s back (in 4 months)
  • Get the girlfriend to get her own insurance and, either omit to say that the bike is not hers (not sure if it’s a good idea).
  • Get from my friend some sort of document that he leases the bike or something else that could be accepted by the insurers. I have no idea, but how do you insure company cars or motorbikes still owned by the finance company?
  • Any other solution I haven’t thought of?
2

I know you can for cars because if, for example, you have a leased vehicle then the registered owner is the leasing company. These guys offer it for cars so might be worth a call to see if they can do anything for bikes.

http://www.lloydlatchford.com/

3

Can’t answer your question, but another solution might be to get a cheap something (non-runner, moped …) and find insurance that will allow your GF to ride on another bike with owner’s concent (like your own insurance).
An additional plus is that she can start collecting NCB on the crappy bike that then can be transfered when she gets her own.

4

Yes, you can insure a bike you don’t own, but insurance companies are suspicious bustards these days.

They will probably want to see a letter from the owner (Registered Keeper) allowing you to do that.

Expect either a loading on the premium or an excess that will make you wonder why you take out insurance.

5

hmmm this reminds me ive got insurance on a bike i dont own anymore best i cancell it monday!