The John Norwich Riders Corner In honour of our fellow moderator: John Norwich R.I.P. September 17th, 2014
Buy, sell, trade bikes and gear, set up bike rallies, meet discussions. #revscenebikes |
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12-10-2008, 09:48 PM
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#1 | | I don't get it
Join Date: May 2006 Location: Vancouver
Posts: 430
Thanked 175 Times in 22 Posts
| Cancelling Insurance
stupid question, but thought i'd try here anyways:
tomorrow my bike insurance comes up to three months, since thats the minimum amount of time you have to pay for insurance.
its only insured for four, but i'm not riding it anymore.
i know there is a penalty for cancelling the insurance, so is there no point in cancelling? i am paying something like $89/month.
THANKS.
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12-10-2008, 10:49 PM
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#2 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: Sep 2003 Location: brisbane
Posts: 152
Thanked 14 Times in 5 Posts
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I dont think I got charged for cancelling the insurance, in fact, I got a refund for that month. I think the charge comes when you restart your insurance next year.
I dont know how much storage insurance is, but your monthly insurance is pretty cheap!
__________________
God is so good
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12-10-2008, 11:43 PM
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#3 | | MOD
Join Date: Oct 2002 Location: VANCOUVER
Posts: 26,849
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The fee is like $30 to cancel insurance. However, the fee will be waived if you decide to get storage insurance.
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12-11-2008, 02:30 PM
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#4 | | I contribute to threads in the offtopic forum
Join Date: Dec 2003 Location: Vancouver
Posts: 2,629
Thanked 273 Times in 90 Posts
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^ Yup. Since you aren't riding anymore, do a number crunch at Autoplan and see if it's cheaper to transfer to Storage (buy the minimum amount unless you want to insure it until next season). Transferring to Storage waives the plate fee, since you are keeping your plate. 
Last edited by slammer111; 12-11-2008 at 10:49 PM.
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12-11-2008, 05:15 PM
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#5 | | I *heart* Revscene.net very Muchie
Join Date: Jun 2002 Location: Vancouver
Posts: 3,643
Thanked 597 Times in 340 Posts
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when you cancel your insurance they take the plate back. but yes, getting storage insurance will waive your cancellation fee
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12-11-2008, 05:54 PM
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#6 | | MOD
Join Date: Oct 2002 Location: VANCOUVER
Posts: 26,849
Thanked 7,553 Times in 1,957 Posts
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you have to return the plate when you get storage insurance as well.
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12-11-2008, 10:49 PM
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#7 | | I contribute to threads in the offtopic forum
Join Date: Dec 2003 Location: Vancouver
Posts: 2,629
Thanked 273 Times in 90 Posts
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^ Oops you're right, my bad. I didn't bother putting storage on mine, in which case the broker said I can just let it expire. Expired plate is still on the bike
Last edited by slammer111; 12-11-2008 at 10:49 PM.
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01-08-2009, 07:36 PM
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#8 | | Ready to be Man handled by RS!
Join Date: Jan 2005 Location: vancouver islan
Posts: 84
Thanked 0 Times in 0 Posts
| Quote:
Originally Posted by TRD604  The fee is like $30 to cancel insurance. However, the fee will be waived if you decide to get storage insurance. | always have storage insurance on your bike.they r sooo ez to steal,trust me some1 stole one of mine.its cheaper than buyin a new bike,plus jealous people vandalize ...my 2 cents is always have ins on your bike.
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