Anyone taking out
motorcycle insurance on a new bike should be aware of the dangers they can face when purchasing a new vehicle.
HPI has issued a warning to motorcyclists that up to a fifth of all bikes sold in the UK could have a hidden history. The organisation claimed that one of the major issues surrounding motorcycle purchase can be outstanding finance on the vehicle, as until the bike is paid off it remains the property of the financier, which could lead to unsuspecting Britons having their bikes repossessed.
Nicola Johnson, consumer services manager at HPI, commented: "Sadly, there is a false impression amongst consumers that they are not exposed to the same risks associated with used cars when buying a bike. The fact is, bikes are at even greater risk of certain frauds than cars."
Meanwhile, National Motorcycle Week is set to take place in the UK this month (July 12th-18th).
The Motorcycle Industry Association is organising the event and encourages all those interested in bikes to come together and share their passion for the pastime.
InsureandGo offers motorcycle insurance for those looking to feel the thrill of riding the open road on two wheels.
