Motorcycle insurance poll

**James Deuce** · 25th June 2006, 21:59

Originally Posted by Jantar

I'm with AMI, and after the comments about them not covering bikes for theft unless in a locked garage i got out my policy and had a very thorough read. No-where does it state that the bike must be kept in a locked garage. Just as well, because we only have a farm implement shed which is unable to be locked. I might add that when I took out the policy they didn't mention this requirent verbally either.

I rode the GSX600 for 2 months inadvertantly without theft insurance when I was parking at work. I was doing my annual "policy check" and found that it was only covered for fire and theft in my own garage. AMI verbally confirmed the locked garage, plus chained (specifically stated chained in the policy), plus steering lock, and they were dodgy about covering it even then because we have a powered garage door. No actual lock you see. When confronted they claimed it was a requirement of insuring motorcycles, had always been so. They then kindly raised my premium because I had "admitted" that I was commuting on the bike. So I spoke to Oscar and he recommended Classic Cover.

AMI do pay out on claims though, and they offered a pickup service and motel if required, and even offered to call an Ambulance when I rang to ask for the claim forms while I waited to be collected from the side of the road.

I'd offer to scan the document and post it, but it's in a box in the garage and I can't be bothered digging it out.

**Her_C4** · 25th June 2006, 22:13

Originally Posted by Tricia1000

Of the 55 people who have voted "other" on this poll, I would like to run another poll for those people. Could you please PM me the names of other insurance companies that should be included. On my list to go on the next poll are IAG, Vero, and AA insurance. What others should be included?

Tricia

Classic Cover - best (and cheapest) all round deal for me

**riffer** · 12th July 2006, 14:02

for ebike insurance.

Their website enables you to get an online quote:

http://ebikeinsurance.co.nz/

May work for some of you, however it worked out at twice what I pay through AA, and I made a claim a year ago on a completely written off bike.

**GR81** · 12th July 2006, 14:53

http://www.kiwibiker.co.nz/forums/sh...ad.php?t=32224

booyah!

**SimJen** · 25th July 2006, 10:20

I got a few quotes for my Gixxer Thou.

My current insurer is AMI and I pay $900 fully comp a year. Im 32 with full no claims and $600 excess

John Baker: $755 with $1000 excess, and a 10% premium if I want to pay monthly.

Classic Cover: $535 with a $500 excess

Looks like I'll be going classic cover then

Just need to confirm track day cover and a few other things, but Im all for saving $30 a month

**buellbabe** · 25th July 2006, 10:30

Whats the sum insured?

**SimJen** · 25th July 2006, 10:31

$11k as it has a few mods too.

**buellbabe** · 25th July 2006, 10:42

In that case my $700 with $1500 excess for full comp on $16g is still competitive. Thats with Protector.

**SimJen** · 25th July 2006, 10:46

Haven't tried protecta, Classic cover sounds the goer at the moment. I've only heard good things about them.

**quackquack** · 25th July 2006, 10:59

I can only say be very careful on the protector excess cause the single bike crash excess is 25% and that means on your 16K bike it is a 4k excess way to high for my liking. Check the fine print does that classic include track days or even rider training days because that is a very good price.

**SimJen** · 25th July 2006, 11:08

Its currently just a web quote at the moment, but I've asked the question. I prefer to have it all covered if possible and I don't mind upping the excess to $1k to keep the cost down a bit.

**buellbabe** · 25th July 2006, 12:07

Originally Posted by quackquack

I can only say be very careful on the protector excess cause the single bike crash excess is 25% and that means on your 16K bike it is a 4k excess way to high for my liking.

I have claimed with Protector ( my Ex went down the road on it... ) and my policy is DEFINATELY only $1500 excess, there is no 25% fine print in my policy. AND they let me keep the parts that got replaced. Everything that was slightly marked was replaced so I ended up with alot of spares ;-)

**judecatmad** · 2nd August 2006, 17:10

We're with TOWER for both our bikes. We only have GN250s so the insurance is pretty cheap ($28/month for mine, $15/month for hubby's...probably pay more in insurance than hubby's bike is worth!!

). Covered for all events - no locked garage limitation. Customer Service at TI is pretty average but I've worked for TOWER group so I can get to who I need to talk to pretty easy! AMP (who I now work for) sent me out a policy which only covered us for theft from a locked garage - and this was because I told them the bikes were kept in a locked garage overnight....go figure! I tried to argue the 'but what about the other 90% of the time' thing, but they weren't having any of it! (made me wonder if there was a market for an inflatable/pop-up garage you can carry in your backpack to satisfy your insurer's stupid conditions....

) Do note, that it's not your pol doc which will tell you whether you're only covered for theft from a locked garage, but your policy schedule. Your schedule is in addition to your pol doc and any amendments to standard wording are listed there (good god I've worked in insurance too long

).

**Roj** · 6th September 2006, 11:51

If you have a cheap bike then you should at least have third party insurance, doesn't cost much ($50-$100 per year) and on the day someone in front of you does something stupid and you hit them from behind it will save you a hell of a lot of trouble, been there done that...

it doesn't matter that you might not have been doing anything wrong, if you hit someone from behind you are deemed in the wrong because you "weren't able to stop in half the clear distance"

I have always had insurance and while it has cost money I have had enough use of it (car & bike) to mean that I am better off with it than not

Originally Posted by chickenfunkstar

I don't have insurance, I've studied a little bit of Expected Utility Theory at uni. If I'm willing to bear some risk I should be financially better off. Might consider getting it when i'm slightly older and have a bike that's worth more.

Good idea about the grading of riders. How would you know if they were a good rider or not though? Most people can ride pretty well when they know they're being assessed.

Anyone ever thought about making an insurance co-operative? Would this work in the real world?

**cowboyz** · 6th September 2006, 12:16

Originally Posted by Ixion

What Mr Motu said. Had I insured all my vehicles over the years it would have cost me a LOT of money, and I would never have made a claim. Nor anyone else because of me. If I smash up my bike or car that is my problem. If I smash up yours and it is my fault I have the money to pay for it. It is called self insurance. Practised by government departments, big corporates.

If you are the sort of person who needs insurance, stay off the roads.

I agree. With the money I save by not giving it to an insurance company I can afford to pay if I do happen to hit someone and it is my fault. I take the educated gamble that I will pay enough attention to my riding and ride enough inside my limits to not need to have an insurance claim. If someone else hits me then they can pay up - either through their insurance or out of their own pocket.