Do I cancel my policy?

Do I cancel my policy?

I sold my bike to a mate who happens to be old bill. He told me if I don’t tell my insurer I have sold the bike it’s fraud. I don’t really want to tell them as there will be a cancellation fee of £30, and the policy only runs for another two months.

Should I bother telling my insurer? In my view they are just grabbing more money from me that I shouldn’t need to spend, and it’d be handy to complete another year of no claims bonus.


You will likely have an obligation as part of your policy to update them if you no longer own the bike. If you have not purchased another machine to transfer it to, then the policy should be cancelled.

The risk of you not cancelling it is, if someone else uses the bike and injures a pedestrian for example, then in England and Wales your insurer will have to pay out for their claim. Thereafter, if you haven’t complied with the terms of the policy, your insurer could come after you for their outlay which could run into thousands of pounds. Not good when it could have just cost you £30.

Andrew “Chef” Prendergast

Motorcycle Monthly December 2014

Disclaimer: The legal advice and statements contained within this/these articles is correct at the time of printing. If you are seeking legal advice after a motorbike accident please contact us to speak directly with one of our lawyers.

Posted by Andrew Prendergast. Last modified: March 23, 2018 at 4:50 pm

Andrew has been riding motorcycles since he was 10 years old and currently rides a ZZR1400 as his daily commuter whether it is sunny or snowing. In addition, he is currently restoring an old Honda CB750 K1. Andrew practices across all areas of motorcycle law, with his practice involving both civil claims and motoring defence work.


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