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Make sure that you cancel your vehicle insurance the minute that you have sold the vehicle.


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As Above.

 

 

 

Just came across this and it makes for very interesting reading:-

 

 

 

 

http://britishbikersassociation.org/blog/entry/scots-biker-in-insurance-hell-after-legal-loophole-forces-him-to-pay-thousands-for-death-crash-on-his-old-bike

 

 

 

 

Previously when I have sold a vehicle I would normally inform my insurance provider to cancel the policy later the same day.

 

 

 

Never Again. 

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Happened to me recently, Guy parked illegally in a bus stop and i got sent the fine. However as i notified the DVLA and insurance straight away as well as a sale receipt i didnt end up paying it.

You got sent the fine because you were still registered as the owner, but as you already filled in the paperwork you wouldn't be liable.

This case will never stand up simply because of the appropriate documents being filed.

“Because he chose to buy my motorcycle, I am, in the eyes of the law, giving him permission to ride the bike and I am in breach of my contract. So if I have any assets, MCE can take them from me to recover costs.

He couldn't have given the guy permission to ride "his" bike, the bike wasn't his to give permission, the bike wasn't ridden away from the sellers home, it was trailered away, any liability ended with him once the bike was signed over to the new owner.

Any half decent solicitor will get this thrown out within the hour.

Could you imagine stabbing someone to death then telling the police that "the guy at B&Q is an accomplice to murder because he sold me the knife"

It's a laughable nonsense case and the other injured party's insurance trying it on.

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As Above.

 

 

 

Just came across this and it makes for very interesting reading:-

 

 

 

 

http://britishbikersassociation.org/blog/entry/scots-biker-in-insurance-hell-after-legal-loophole-forces-him-to-pay-thousands-for-death-crash-on-his-old-bike

 

 

 

 

Previously when I have sold a vehicle I would normally inform my insurance provider to cancel the policy later the same day.

 

 

 

Never Again. 

 

Thanks for posting that mate. Blimey that is an eye opener. I'm quite anal about that sort of thing but I just wouldn't expect that kind of insanity.

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Had something like this happen with a car I sold to some dope heads from Hull. Came and bought the car on a Sunday about 3 to 4 hours later Police on the phone asking if I had sold the car as it was involved in an accident. Luckily I had proof of the sale and they had court the driver running from the scene. :( As you can guess monday morning sent off the slip to DVLA and rang my insurance straight up. 

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