Insuring Display Bike
Discussion
I have a small professional practice, my business partners and all our senior employees have bike licences. We have very few visitors so our office entrance lobby which has the mandatory seats & coffee table are never used. So we have decided to ditch them and create an automobilia corner instead, our centrepiece is to be a pretty motorbike, we have agreed to buy a Ducati 748 from a mate.
The question is do we try to insure it, I tried to add it onto my multi bike policy but Bennetts weren’t interested. I have another Ducati so not that bothered about riding it, but my partner only has his GS so wants to have it road legal so he could ride it. Shall we just say it’s kept in mine or his home garage & accept we couldn’t claim if it’s nicked. I can’t imagine we are the only ones who do this, so has anyone got the answer?
Also to keep our office insurers happy we were planning to drain it of fuel, or is that a bad idea?
The question is do we try to insure it, I tried to add it onto my multi bike policy but Bennetts weren’t interested. I have another Ducati so not that bothered about riding it, but my partner only has his GS so wants to have it road legal so he could ride it. Shall we just say it’s kept in mine or his home garage & accept we couldn’t claim if it’s nicked. I can’t imagine we are the only ones who do this, so has anyone got the answer?
Also to keep our office insurers happy we were planning to drain it of fuel, or is that a bad idea?
Drained of fuel is a good idea, i'd be keeping oil in it though, prob brake fluid too (can use the brake if you need to move it around then)
I've got old classic bikes insured that don't turn a wheel with Bemoto. Fire, theft and accidental damage. This is on a private policy though...
I've got old classic bikes insured that don't turn a wheel with Bemoto. Fire, theft and accidental damage. This is on a private policy though...
Deffo drain the fuel. With regards to engine oil, it's much of a muchness as any oil will just collect in the sump anyway and not really keep any moving parts coated other than what's adhered to surfaces as a thin film. If you're not really planning on using it for many years, when/if it ever comes time to fire it back up it'll need quite an extensive look at anyway (certainly new cambelts!!!).
Probably be worth just ditching the battery as well, if it;s not used it'll deplete and you'll only have to get another one.
Since it's a display bike, have you thought about having it professionaly detailed so it looks as good as it possibly can?
As for insurances, maybe speak with someone like adrian flux who might be able to tailor a policy to suit. Failing that, as it's a decorative piece and not going to be used as a road vehicle (SORN declaration is evidence here), can you have it insured under building contents? Having certain parts removed might also be supporting in the fact it;s a decorative piece and not a usable vehicle (so battery removed, no fuel, maybe things like fuel pump relay / fuse removed, starter relay removed - anything to render it immobile save for pushing it about)
Probably be worth just ditching the battery as well, if it;s not used it'll deplete and you'll only have to get another one.
Since it's a display bike, have you thought about having it professionaly detailed so it looks as good as it possibly can?
As for insurances, maybe speak with someone like adrian flux who might be able to tailor a policy to suit. Failing that, as it's a decorative piece and not going to be used as a road vehicle (SORN declaration is evidence here), can you have it insured under building contents? Having certain parts removed might also be supporting in the fact it;s a decorative piece and not a usable vehicle (so battery removed, no fuel, maybe things like fuel pump relay / fuse removed, starter relay removed - anything to render it immobile save for pushing it about)
Edited by thatdude on Thursday 9th January 09:04
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