Insurance

[Conehead]

looks like im gonna finally get back on the road.

Just trying to get a feel for insurance as the Comprehensive is double the TPFT and wondered if it was worth it. Stupid question I know but I was not planning on writing her off just yet.

Anyway, just wanted to get a feel for who has what?

[Nikki]

looks like im gonna finally get back on the road.

Just trying to get a feel for insurance as the Comprehensive is double the TPFT and wondered if it was worth it. Stupid question I know but I was not planning on writing her off just yet.

Anyway, just wanted to get a feel for who has what?

I only insure my bikes TF&T but I dont usually have a bike which is worth very much so I'm happy to take the risk.

If I had a newer bike I'd certainly consider comprehensive insurance.

[Dabz]

Fully comp for me - though I went TPFT for years until the FC price became reasonable. Now I'm FC with helmet/leather cover too.

All depends how much the bike is worth really - last year when I had a couple of cheaper bikes knocking around too they were both TPFT to save money and because if they got stolen or wrecked it wouldn't lose me much money anyway

[Mitch9128]

FC all the way, TPFT is a nightmare if you need to claim.

[Dan505]

if you have one bike then FC, if a few then i guess TPFT is acceptable IMHO

[Snowy]

if you have one bike then FC, if a few then i guess TPFT is acceptable IMHO

Its like all insurance - its how much you want to balance the risk against how much it costs you in premiums. If you're Third Party and have an accident that's your fault you will have to pay for the repairs to your bike or scrap it. With Fully Comprehensive insurance you would get the repairs to your bike (and other stuff depending on the policy) paid for you less the excess. In both cases you will get a hike in next years premium as your personal risk has gone up due to the accident.

If your bikes worth £1,000 then the risk insuring it TPFT is £1,000 if you have an "at fault accident". If its worth £10,000 you risk losing £10,000. If you pay the higher premium for FC then your risk is only the excess on the policy which might only be a few hundred pounds. Your increase in the following year premiums as a result of the accident will be higher for FC than TPFT becasue the risk of a higher payout is greater.

[Loops]

Simple question - can you afford to replace/repair your bike if you damage it?

If you can - TPFT
If you can't - pay the extra and get FC.

However, bear in mind the FC excess - mine is TPFT because the excess was going to be only £200 less than the bike is worth

[Wes]

There wasnt a lot of difference between them for me, so its always going to be FC, plus i get the breakdown and legal cover as well.

[Wes]

[quote author=Conehead link=1345459128/0#0 date=1345459128]looks like im gonna finally get back on the road.

Just trying to get a feel for insurance as the Comprehensive is double the TPFT and wondered if it was worth it. Stupid question I know but I was not planning on writing her off just yet.

Anyway, just wanted to get a feel for who has what?

I only insure my bikes TF&T but I dont usually have a bike which is worth very much so I'm happy to take the risk.

If I had a newer bike I'd certainly consider comprehensive insurance.
[/quote]
You should give it a compare next time Nikki, your bike is in excellent condition

[Conehead]

Cheers all. The excess is half the bikes value so doesnt make sense for FC. 8-)