insurance without cosmetics worth it?

[Oscar]

but if you altering your excess while may save you a few dollars a month (not a whole lot) in premiums you will get hit hard if you need to repair your bike.

the whole cheaper excess/cheaper premiums at a cost of not having your bike repaired cosmetically is attractive to me.

Surely it's the cosmetic bits that get busted first?
So if you save (say) 20% for a $2,000 excess, why would you expect to do better with your non-cosmetic cover idea.


Actually the major problem with your idea is that there is no advantage for the insurer in the event of write off. How would determine the bikes value for a total loss?

[Grumpy Gnomb]

Are the insurance companies writing off all these bikes because the repairers dont want to do the work or are they charging to much for the parts that need to be replaced?

[HornetBoy]

who is that through? and how much you paying to get it?

probably Through state ,as im on a $250 excess at the moment with them for the katana

they seem to have the most competitive prices

[HornetBoy]

Are the insurance companies writing off all these bikes because the repairers dont want to do the work or are they charging to much for the parts that need to be replaced?

OEM parts being to dare id say ,Like The $150 for a brake pedal i was quoted shocking

Have a look at some of the parts quotes on the star insurance auctions (on their homepage) ,Certainly explains why they write the bikes off for litttle scratches or low sides

[cowboyz]

Surely it's the cosmetic bits that get busted first?
So if you save (say) 20% for a $2,000 excess, why would you expect to do better with your non-cosmetic cover idea.
Interesting point. I wasnt thinking along those lines. problem with a $2000k excess is that you could screw your bike up and have $1500 worth of damage to get the bike roadworthy again but $14000 worth of damage to get the bike "as it was before replacing all the scratched parts" With my proposal say a $300 excess and the insurance pays out $1200. Under the other the bike may be worth $10000, deemed uneconomical to repair so insurance co pays out $8000 ($2k excess)


Actually the major problem with your idea is that there is no advantage for the insurer in the event of write off. How would determine the bikes value for a total loss?

The same way the do it now. Just dont count up all the cosmetics. It well may mean that a bike that has gone for a fairly decent slide down the road may cost $1500 to repair instead of $6000 therefore making it so they dont have to write the bike off. Less write offs = better for insurance companies so there is a win for them there.