Motorbike Insurance Claim

[MrFoley]

My friend has had his bike stolen last week and has made a claim on the insurance but he's not sure if he needs to pay this months payment or not?

[Buenchico]

The policy will almost certainly be an annual one, with the premium spread across 12 months, rather than a simple monthly one. So the full premiums for the current insurance year need to be paid in order for the insurance to be valid. (i.e. he needs to keep paying the monthly amounts up until when his annual policy is due for renewal).

[New Judge]

And if he still owes part of the annual premium when the insurers pay out the outstanding amount will be deducted from the amount paid out.