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Insurance and Selling bike

By DonutBoy77
August 28, 2013 in Biking in Singapore

https://www.singaporebikes.com/topic/51144-insurance-and-selling-bike/

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DonutBoy77

Posted August 28, 2013

Hi, anyone can share with me about the process of selling a bike? like what the buyer and sell have to do, like insurance, transfer etc? and do i have to inform the insurance company im not renewing insurance or just ignore it?

And does insurance usually increase? I have to renew my insurance for the 2nd year next mth, and i was expecting the premium to be lower as im off my p-plate now, but it didnt decrease but even increase about $60. Any opinion on this?

Btw dk if this helps, but i got my bike at 18yo and im now 19 (maybe age?) and my insurance letter states that i got a hire purchase company? idk whats that, but i did pay the full amount to the shop i bought from.

Pls help me

Thanks