Insurance - commission sale cover ?
Insurance - commission sale cover ?
Author
Discussion

67SilverFox

Original Poster:

3 posts

150 months

Saturday 29th March 2014
quotequote all
I am selling my bike and have had an offer from a dealer to take it on a commission basis. The offer seems fair, in terms of what he would return to me, and he has offered me a contract, but my insurance company have said if i hand over the keys - which of course i have to - how else can he demonstrate the bike to potential buyers - then i am not covered by my insurance if the bike is sold and the dealer doesn't return the money to me. Since i cant be the first doing this - i wondered what other sellers have done in similar circumstances - other than just trust the dealer and hope! Does anyone have a good-tips list or know of any insurance that will cover?

vikingaero

13,255 posts

198 months

Saturday 29th March 2014
quotequote all
Depends on the standing of the dealer - long term dealer with good rep or fly-by-night chancer. If you have a contract amend it to have the dealer cover it for £x whilst in his care and to have him cover any test drives under his trade policy.