OH my god

$1,100 to fix my bike.

I only bought it for $1,500 not even a month ago.

How ironic.

Its insured for $2,500.

What are the chances of it being written off ?

Major depression.

I WANT MY BIKE BACK

a very sad
Charmayne

 

Jesus, can't you shut up for a while.

Fark.

 

I would suggest paying to have it fixed and not lose your no claim bonus -
your excess is going to be half the repair bill.

JL

 

Charmayne babe, you are better to sell the wreck as parts for as much as
possible, then use that money as a deposit on another bike, but be more
careful when you eventually ride it. That's if you had paid cash for the
wrecked bike. If it's on drip feed you'll just have to have it repaired
despite the cost. Sorry. Meantime, keep your (sweet) chin up and read books
about how to safely ride motorcycles.

 

I really don't understand people who - after paying exorbitant insurance
premiums - don't ever claim on them because they're worried about a no
claims bonus!

 

Come on! You girls should stick together!

Moike

 

that time of the month ?

 

It's a cost benefit analysis - do I claim 1100 pay an excess of 500 or 600
and get a net 500 in the hand, and then pay an extra X hundred each year for
the next 2 -3 years on that policy, as well as every other policy i have
(including green slips where they charge you more if you've had an at fault
claim in the last 2 years - premium for that was 240 about 5 mins ago when I
accidently clicked on the wrong button)

It can add up to considerably more than $500 increase in overall costs if
you have multiple vehicles very easily.

You don't claim unless you're going to be out of pocket at least a grand in
my experience. YMMV.

JL
(if you've only got 1 or 2 vehicles then your personal equation may differ
slightly)

 

There is such a thing as "no claim bonus protection" it only costs a little
extra and allows you to make 1 claim a year and it doesn't affect your no
claim bonus.
Thats just perfect for me.

 

Insurance on your insurance. What will the insurance companies think of
next. Only 11 more accident free months and you win!

Moike

(I got Comp because it costs me about $20 more than third party fire and
theft. And you'd be mad not to have third party cover.)

 

Its an economic decision, especially if the net difference between claiming
and not claiming is relatively small. If you have a 60% NCB and make an
at-fault claim your premium the following year will increase by 50% and 25%
the year after that. You'll have to pay an excess as well.. so add that into
the mix. So if you're paying $1000 pa for insurance with a $450 excess it is
uneconomical to claim unless the bill exceeds $1200, otherwise you'll be out
of pocket, and even then you have other considerations to make, because at
$1200 you might break even if you make the claim, but you'll be 2 ratings
worse off, so if you make another claim in the next two years, the compounding
effects will make your position even worse.

Nev..
'03 ZX12R

 

only 1 claim ???

what about for 6 ???

 

Why Moike? Third Party Property is the one most in your own control. Even
as an irresponsible bastard I have no hesitation in being totally
responsible for my own actions. But yeah, I'm mad! Mad they won't give me
fire and theft too!

 

Its an economic decision, especially if the net difference between claiming

Ok I'll be honest - what I don't understand is people who get themselves
into situations where the above described equation holds true.

 

Yep, but even careful old buggers can stuff up by parking their bike on
soft asphalt next to a Saab.

I'd be happy[1] to wear the loss of my bike, but I wouldn't want to have
to fix some wanker's roller.

I wonder why?

Moike

[1] well... not exactly *happy* but I'd put up with it if it was my own
stupid fault.

 

Huh ? WTF is that supposed to mean ?

I gave you an explanation of a circumstance where someone would not be
rational to claim, if you can't understand that I think you have a
problem...

Exactly what situation are you "getting yourself into" ? There's a pretty
pejorative tone to that but no apparent basis ?

Fact, if you claim and you're at fault your no claim bonus is impacted
unless you pay extra for no claim bonus protection (and the logic of that
has already been discussed)

Fact, not all at fault accidents cause a large sum in damage

Fact, there is an excess on all MV insurance policies

Fact, if the total bill in the event of a claim is less than the overall
financial impact of claiming (including excess and ongoing financial impact
on no claim bonus/ ongoing insurance cost) then it isn't rational to claim

Exactly which part of that very simple logic flow are you having trouble
with ? Or do you only do your budget month to month and wonder where all the
money went ? Look at the big picture.

JL

 

Ahhh fuggit !

I misread - you meant how does someone be at fault twice in two years - to
which I guess the answer could be say, 1 car park drop on your learners at
25K, and say your bike backed into at the supermarket and the culprit pisses
off. For example.

JL
(or you could just do a Nev and write off 2 blackbirds in two years or an
UncleScum and write off two Triumphs

 

I prefer to think of it as sacrificing them to a good cause, I walked away
from both and that is what I remember most.

Fraternally
Scum

 

I blame the colour!

 

Hate to spoil the myth but it was only 1 and not a good example because the
second was a not-at-fault claim and so didn't cost me a cent or affect my NCB
at all.

Nev..
'03 ZX12R