Insurance for stored exotica

Insurance for stored exotica

Author
Discussion

Esceptico

Original Poster:

7,347 posts

108 months

Monday 8th February 2016
quotequote all
I'm thinking of buying a Ducati Desmodici RR. Problem is that I've only recently started riding again and haven't got any NCB. Finding insurance for road use without NCB will either be impossible or ruinously expensive. However prices are rising and if I wait until I can get insurance I might have to pay £10'000 or more on top of today's prices. I'm thinking I could buy one now (if I can find a decent one at a reasonable price, SORN it and put it away in my garage until I can get insurance). I hoped I could get it added to my house insurance but my broker tells me that won't work. I know this is the Supercar section but perhaps there are people on here that have a car collection (that aren't currently used on the road) and have got fire and theft insurance for them. Or just know of insurance brokers that deal with more unusual requests.

marshalla

15,902 posts

200 months

Monday 8th February 2016
quotequote all
"Laid up cover" is the magic phrase. Any brokers used to dealing with classics should be able to sort something out.

_Superleggera_

2,003 posts

196 months

Monday 8th February 2016
quotequote all
Why not store it somewhere else and use a third party storage company and use their insurance to cover it. smile

Esceptico

Original Poster:

7,347 posts

108 months

Monday 8th February 2016
quotequote all
Just got a quote after searching for laid up cover...£830. I did ask about cover for riding as well but was told would need full NCB. Not sure how they come up with £830. That isn't far off what I was paying for my 911 and that was worth more and I could drive it!

TISPKJ

3,648 posts

206 months

Monday 8th February 2016
quotequote all
That sounds fortunes to me for fire and theft cover, not into my bikes anymore but what are they about £40k ?
I must of had about 15 years no claims on the superbikes which has now lapsed as not using the 2 bikes I still own at all.
I guess if I start again it will be back to square one.

muppets_mate

771 posts

215 months

Monday 8th February 2016
quotequote all
I have used RH Specialist Insurance for laid up cover for both cars and motorcycles. I understand that premiums are based on the value of the vehicle(s) insured. There are more details on their website in the motorcycle section.

https://www.rhspecialistinsurance.co.uk/

No affliation, just a customer.


Ferruccio

1,832 posts

118 months

Monday 8th February 2016
quotequote all
Meanwhile, just get a scooter, and get cover on that, to start to clock running.......

Esceptico

Original Poster:

7,347 posts

108 months

Tuesday 9th February 2016
quotequote all
Ferruccio said:
Meanwhile, just get a scooter, and get cover on that, to start to clock running.......
I've already got a bike I'm riding and building up NCB. A bit quicker than a scooter...

Esceptico

Original Poster:

7,347 posts

108 months

Wednesday 10th February 2016
quotequote all
My insurance broker got back to me and said the company giving me house insurance had changed their mind and would cover it for £60 a year but would only charge from renewal
so would be no extra cost for this year. A result. Now just need to persuade the wife that a £50k bike is a good investment...