first don't let anyone ride the bike unless it is insured, registered and inspected, because it will be your ass if he hits someone, for handing him the keys when you knew the bike was not legal to ride.
2nd make the buyer show you his drivers license with a motorcycle endorsement. If he only has a permit then its up to you if you want to follow him and let him take it for a ride (required where I live).
3rd, if you have full insurance on the bike and he steals it or crashes it, you have insurance, but it is not unreasonable to require a buyer to show up with the full price in cash, and tell them (if you wreck it you bought it). To be fair, he cannot get insurance on your bike for one day to take it for a test ride, and forcing someone to put up the full price of a bike in cash, that he cannot get insurance for, is pretty cold blooded and heartless.
If you are not sure if another rider is covered by your insurance, call your agent to be sure.
Its a risk - if the bike does not have full comprehensive coverage its a big risk.
When I got my license and wanted to buy a new HD Iron from a dealer, they would not let me take one for a test ride, even with my MSF course endorsement. I thought they were just being dicks, and that is why I have a Yamaha Vstar.
Last edited by KCW; 06-17-2018 at 03:36 PM.