Author Topic: Project X insurance Terms and conditions  (Read 7328 times)

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Offline Paul Dawkins

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Project X insurance Terms and conditions
« on: November 04, 2011, 10:26:16 PM »

Project x insurance is something I have looked into a few times in the last 18 months but every time I spent a few hours on the phone trying to sort it I hit a brick wall.



No insurance company would do a club policy for all members to ride project X.



We decided to leave it for now and insure the bike on my policy for the first season and let a few members use it on there own policy, not a brilliant idea as it means the bike is on only third party cover.



Well now the summer season is coming to an end I thought we would have another go at finding a club policy.

So at the Stafford show I had a meeting with Peter James Insurance Services and after going through all the details/Terms and condition they gave us a very competitive price.

This was sent to all the club committee members and all agreed the deal was good and as from the 18th October Project X was insured on our own policy.



There are a few conditions.



Insurance is fully comprehensive with a £100 Excess payable by the club member that has possession of the bike at the time.



The club member must of held a Full motorcycle licence for at least 2 years



No pillion passenger.



The club member must be over the age of thirty



There is a garage clause: Between the hours of 10pm and 6am if Project X is not locked in your garage at your home address we will not be covered for theft or malicious damage.



Project X will not be covered for theft or damage if:

It has been left unlocked.

It has been left with the keys in.

Reasonable precautions have not been taken to protect the Project X.



If a member has endorsements on there license we must inform the insurance company (It should not be a problem but we must let them know)


Each time the bike is taken the members address needs to be sent to the insurance company.



Terms and conditions of having Project X



You must have a locked garage or building to lock Project X inside at all times.

Riders must have a full UK driving licence for at least 2 years

Club members must be over the age of THIRTY

The club must hold on file a copy of each riders driving licence.

The insurance company must be informed of any change in circumstances.

Each rider will be liable for all parking, Speeding, traffic fines and toll charges while it is in there possession etc.

The rider/keeper of Project X is liable for the £100 insurance excess.

The bike must be returned in the condition it was received and with the same amount of fuel as it was received.

Every mile ridden must be accounted for in the Project X mileage record log and in the mileage record log on the club forum. (Non forum members should ask a forum moderator to update this for them)

Damage to Project x should be reported immediately.

No other rider should ride project X other than the rider listed at the time.

Project X should only be used for bike shows, rallies and bike nights and not used for personal use of business.

I will update the insurance company with details supplied from each rider.

Project X V5 is in the name of

Yamaha Aircooled RD club

C/O Paul Dawkins

Each rider will have a copy of the Insurance certificate, MOT and the details of the breakdown cover when they take Project X.

Disclaimer

The Yamaha Aircooled RD club will not be held responsible for any damage or injury causes whatsoever, whether it is caused by rider error, malfunction of parts or lack of maintenance, each rider should thoroughly check Project X before each ride.



Copies of all personal details will be held by a committee member in a locked safe and shredded when they are no longer required.
« Last Edit: December 03, 2012, 07:36:01 PM by Paul Dawkins »
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Offline KGR33N

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Project X insurance Terms and conditions
« Reply #1 on: November 05, 2011, 02:12:47 AM »


Well Done Paul



Kerry
Yamaha RD 250 C (1976)
Yamaha RD 250 C (1976)
Kawasaki GPZ 1100 (1983)
Yamaha XJ 600 N Diversion (1995)
Ducati Hypermotard SP (2013)

Offline RDnuts

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Project X insurance Terms and conditions
« Reply #2 on: November 05, 2011, 06:16:43 AM »
hi paul will the insurance company try to charge you every time you update them with a new rider details?
RDnuts 18 RDs tooooo many even for me , the best things in life aint free, non fully paid up x member 2376 owner and restorer of the first rd to come to the uk RYN51L front page of april 2013 classic bike my claim to fame

Offline Paul Dawkins

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Project X insurance Terms and conditions
« Reply #3 on: November 05, 2011, 07:21:37 AM »
No mate

Thats all been agreed and sorted.

No charge for address changes.
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Offline scott man

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Project X insurance Terms and conditions
« Reply #4 on: November 05, 2011, 11:16:07 AM »
Nice on Paul

Club members must be over the age of THIRTY



Still got a few years to wait before i can ride it

Offline Paul Dawkins

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Project X insurance Terms and conditions
« Reply #5 on: November 06, 2011, 04:06:55 AM »
Yes Ian

Im gutted as well, mind you it will keep the rest of the members happy i suppose.

Saddler may be at the higher limit to ride it, i think theres a maximum as well, I must look into that.



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Offline rdt400

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Project X insurance Terms and conditions
« Reply #6 on: November 08, 2011, 05:30:15 AM »
Well done that man, sound like it has been a lot of work tryin gto get this insurance sorted out, but credit were it is due,,, . Only other thing is what is the waiting list time to have Project X ?,And what is the time duration to have P X ?



Again well done that man  Russ T
rdt400

Offline Paul Dawkins

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Project X insurance Terms and conditions
« Reply #7 on: November 08, 2011, 07:53:16 AM »
Project X is in a Yamaha dealers  in Bristolfor the Winter then its going to Scotland for Spring and most of the summer.

I think after Scotland it will be up North maybe Cumbria or Yorkshire.

We cant plan to far ahead as there is a charity run in the pipeline for the future.

Plus it must be at the rally in July.
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Offline rdt400

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Project X insurance Terms and conditions
« Reply #8 on: November 25, 2011, 06:26:07 AM »
Is the rally in 2012 in the same place as it was this year ? has a date been set yet for the rally in july ?
rdt400

Offline Paul Dawkins

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Project X insurance Terms and conditions
« Reply #9 on: November 25, 2011, 07:30:17 AM »


This is in the events section..



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Offline Paul Dawkins

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Re: Project X insurance Terms and conditions
« Reply #10 on: December 03, 2012, 04:32:23 PM »
I called Peter James insurance today to change the keepers address back to me as I do evertime it changes.

I mentioned that we will be converting the bike to a 350CC


They said they would have to ask the insurer if this was OK and if they would still insure us.
After about an hour they got back to me.

So what do you think the result is?

We are just changing from a 250cc to a 350cc, no other changes.

« Last Edit: December 03, 2012, 06:44:32 PM by Paul Dawkins »
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Offline Johnny

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Re: Project X insurance Terms and conditions
« Reply #11 on: December 03, 2012, 05:18:36 PM »
They want  you to uprate the brakes, suspension , lights , restrict it to 50 MPH ......then add £345 to the premium  :-\
Yamaha YDS7 (sold)
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Offline RDJames

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Re: Project X insurance Terms and conditions
« Reply #12 on: December 03, 2012, 06:40:22 PM »
the same price as the 250cc
RDJames on Ebay

http://stores.ebay.co.uk/rdjames

Never take life too seriously, no one gets out alive anyway

Offline Paul Dawkins

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Re: Project X insurance Terms and conditions
« Reply #13 on: December 03, 2012, 07:32:08 PM »
Spot on Dave

ZILCH
Nothing.

Im very impressed with Peter James insurance.
Remember the policy cost under £100 for any club member to ride it.
And they never charge when I change the keepers address and I do that about 10 times a year.

Southampton