Quote:
Originally Posted by niks_devil666
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It is illegal because duties are not paid in full.The bike is difinitely registered in someones name.
The companies do a third party insurance but the only problem that you can face after you put up a claim is the cost of parts , since its not available officially.so the insurace is useful only in case if you hurt someone in an accident and he puts up a claim against you under the MACT.(Motor Accident Claims Tribunal)
P.S. : SBK owners , please add your comments so that we can know these things in more detail
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@Niks:
A bike can be illegal under following cases
1. Duty paid just partly.
2. Bought it on TR, and sold off to you(someone)
3 .... can someone add something else ??
And coming to insurance.... Especially, 3rd party insurance, as you said its for just to claim funds for the other party in case of an accident. This 3rd party insurance doesnt help you in re building your bike back to shape.
two examples: A partially duty paid bike. A gsxr 750 2008 model came out of port after paying just close to 35000rs of duty.
Another example, the 3rd party insurance amount that i pay per annum for the busa is 850 rupees only
