Quote:
Originally Posted by Triple Jim
Do you mean get a license plate for the motorcycle, cancel the insurance, and keep the plate? In MD and NC where I've lived, you'll get in some trouble doing that.
|
Quote:
Originally Posted by dz0
That is exactly what I meant. You don't RIDE without insurance, but if for some reason you wanted to buy it (the plate) now which requires insurance - you can. But the primary point being if you had no vehicle insurance - you can get a policy, and then cancel it before the term is up and get a refund.
|
I do this all the time as I buy and sell about 10 vehicles per year. I insure it day before I transfer title and register. Fix them up, drive them for a while until I get bored, then sell for profit. Cancel insurance day after sale and get pro-rated refund. It's all automated on GEICO website and I don't have to deal with any annoying agents.