Cautionairy tale

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MercedesDriver

MB Enthusiast
SUPPORTER
Joined
Mar 19, 2013
Messages
2,294
Location
Near the forest
Car
Jaguar XF Sportbrake 25t X260; Mini Cooper R50
Picked this up from other brand forum. Don't forget to cancel insurance immediately after selling.

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Picked this up from other brand forum. Don't forget to cancel insurance immediately after selling.
This has been a well-known issue in the two wheeled world for decades as many riders have multi-bike policies and don't bother to inform their insurer that they've sold one of their bikes and thus terminate their liability. Then the purchaser bins it and the seller finds themselves on the end of a liability claim.

The other time it rears its head is when the buyer asks, "Can you keep it in your name until I get it home, so I can drive it using my 'driving vehicles not owned by the insured' policy extension?" The answer to that must always be an emphatic No!
 

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