Bike insurance and repair

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This query is : Resolved

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This discussion clarifies how insurance and taxation apply to bikes in showrooms. For dealerships, insurance covers their stock. When a bike is sold, the stock count is adjusted accordingly. The conversation also touches upon what happens when a bike owner decides to withdraw their insurance.

suryadipsinh mori

suryadipsinh mori (Querist)

02 October 2022 Hyy, i want to know that how insurance and its taxation working in Bike showrooms , from buying it and when bike owner withdraw his insurance for various reasons. can someone explain with examples please.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

02 October 2022 What you mean by bike owner withdraw his insurance? Till it is sold to customer, there would be no owner...

suryadipsinh mori

suryadipsinh mori (Querist)

02 October 2022 Yeah means who buys the bike is owner of the bike

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

02 October 2022 For the show room its just stock, so the insurance is for all the existing stock in trade. When any bike is sold the stock gets reduced to that effect.

suryadipsinh mori

suryadipsinh mori (Querist)

05 October 2022 Ok sir thank you for your time

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

05 October 2022 You are welcome...

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