Latest topics
» K 1200 GT FOR SALE ASKING R112 000.00 ono
by STEVE 19th November 2010, 13:45

» Three week Bliss
by Corlia 19th July 2010, 09:39

» From the UK - new element found in SA
by DaveS 7th July 2010, 18:53

» Tourmaster Airflow Pants
by Heretic 7th July 2010, 08:02

» Forum lockdown
by Admin 6th July 2010, 22:17

» New website, new forum!
by Marnus 6th July 2010, 20:10

» Who Will Win The Soccer World Cup
by 1150 adventure 4th July 2010, 12:06

» New forum?
by LeRoy Olivier 2nd July 2010, 10:40

» Your favourite photos
by Gert_GS_650 1st July 2010, 06:32

» NEW Clubhouse
by Thomas 30th June 2010, 21:44

Who is online?
In total there are 3 users online :: 0 Registered, 0 Hidden and 3 Guests

None

[ View the whole list ]


Most users ever online was 83 on 2nd August 2019, 17:46
Statistics
We have 359 registered users
The newest registered user is Kruger

Our users have posted a total of 17455 messages in 1456 subjects

Insurance for bikes

Page 1 of 2 1, 2  Next

Go down

Insurance for bikes Empty Insurance for bikes

Post by Perske on 23rd July 2008, 09:57

What do you think of a survey on bike insurance? We can make the results known to the club.

One question that I have is: Is it legal to ask members to give some info, make some assumptions and then give feedback to the participants. This way we can easily determine the best insurance provider. I am sure that I can get a better deal than what I have currently.
Perske
Perske
Turbocharged
Turbocharged

Number of posts : 113
Age : 52
Location : Pretoria
My bike : 1200GSA
Registration date : 2008-06-19

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by LeRoy Olivier on 23rd July 2008, 21:28

Danie - i insured the LT through Bavaria when i did the financing there - prior to that i did my bike insurance included in my normal household insurance. Must say got a better deal from Bavaria's contacts. We cant talk brand names and insurers here - but lets discuss this at the next club meeting. Regards. LeRoy Rolling Eyes
LeRoy Olivier
LeRoy Olivier
LT Fanatic

Number of posts : 1394
Age : 58
My bike : K1200LT
Registration date : 2008-06-09

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by steyngert on 23rd July 2008, 21:46

Well, it is a forum where it states below the name: "This is the home of our Club where you can air the vents and share your viewpoints. Views expressed on this Forum represent the opinion of the individual authors and do not necessarily represent the opinion of the BMW MC Club Pta or that of its members."

So I guess we are free to express our experiences and prices we have obtained from different insurance companies here?
steyngert
steyngert
Turbocharged
Turbocharged

Number of posts : 234
Age : 43
Location : Moreletapark
My bike : R1200 GS Adventure
Registration date : 2008-06-11

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by LeRoy Olivier on 23rd July 2008, 21:58

That will mostly depend on the fine print of the forum - iro of brand names and companies mentioned - know the old forum had a few issues that were somewhat prohibitive and could cost the club our license on the web server should we have overstepped the line. Will have to touch bases on this issue with Dani. Regards. LeRoy.
LeRoy Olivier
LeRoy Olivier
LT Fanatic

Number of posts : 1394
Age : 58
My bike : K1200LT
Registration date : 2008-06-09

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by steyngert on 23rd July 2008, 22:02

100% - hope it is an issue we can discuss though. Am paying through my teeth for insurance, must be able to find it cheaper elsewhere.
steyngert
steyngert
Turbocharged
Turbocharged

Number of posts : 234
Age : 43
Location : Moreletapark
My bike : R1200 GS Adventure
Registration date : 2008-06-11

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by Richard H on 23rd July 2008, 23:55

When I bought my GS, I contacted my broker for a quote to compare with the price BMW Insurance was offering.

I saved about 25% on the premium...! sunny
Richard H
Richard H
Senior Contributor
Senior Contributor

Number of posts : 625
Age : 65
Location : Jacaranda City
My bike : R1200GS, R100S
Registration date : 2008-06-09

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by gone away on 24th July 2008, 06:32

I pay R358.13 for the Adventure. Very Happy

gone away
Supercharged
Supercharged

Number of posts : 96
Registration date : 2008-06-02

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by steyngert on 24th July 2008, 09:32

I am paying R680 for my adventure!!! (And that is the insurance company that does not have have any middleman!!

We need to talk...
steyngert
steyngert
Turbocharged
Turbocharged

Number of posts : 234
Age : 43
Location : Moreletapark
My bike : R1200 GS Adventure
Registration date : 2008-06-11

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by Perske on 24th July 2008, 09:34

Thanks for all the reaction so far.
This topic will definitely need to be discussed on a club meeting before we do something constructive. I will keep you posed.
Perske
Perske
Turbocharged
Turbocharged

Number of posts : 113
Age : 52
Location : Pretoria
My bike : 1200GSA
Registration date : 2008-06-19

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by steyngert on 24th July 2008, 09:38

Suggestion - maybe someone that is part of the club and operates within this industry (or just the club's management) can approach insurance companies to provide us with a presentation (I am sure if these rates are competitive, a bunch of people at the club will change their insurance companies)
steyngert
steyngert
Turbocharged
Turbocharged

Number of posts : 234
Age : 43
Location : Moreletapark
My bike : R1200 GS Adventure
Registration date : 2008-06-11

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by Perske on 24th July 2008, 09:38

steyngert wrote:100% - hope it is an issue we can discuss though. Am paying through my teeth for insurance, must be able to find it cheaper elsewhere.

You will note that if you read the different comments above that some times you find a "best" offer and the next person get a "best" offer in the reverse order.

This topic is definitely worth wile to investigate.
Perske
Perske
Turbocharged
Turbocharged

Number of posts : 113
Age : 52
Location : Pretoria
My bike : 1200GSA
Registration date : 2008-06-19

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by Perske on 24th July 2008, 09:42

DaveS wrote:I pay R358.13 for the Adventure. Very Happy

Hu??? Where....

No need to give premium prices here. It does not mean much. We will have to do homework such as claim history, where the bike gets stored, type of bike, value etc.

Dave your age man your age....?????
Perske
Perske
Turbocharged
Turbocharged

Number of posts : 113
Age : 52
Location : Pretoria
My bike : 1200GSA
Registration date : 2008-06-19

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by LeRoy Olivier on 24th July 2008, 09:45

As far as i can recal my premium is roughly R385 on the LT - was in the region of R550 on my previous insurance. LeRoy
LeRoy Olivier
LeRoy Olivier
LT Fanatic

Number of posts : 1394
Age : 58
My bike : K1200LT
Registration date : 2008-06-09

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by GSNieP on 24th July 2008, 10:32

I am paying R400 for my F800GS (R97000) a month and includes Roadside Assistance and Pillion cover worth R250 000 in the event of an insured incident and this insurance is seperate from my other insurance!
GSNieP
GSNieP
Fuel Injected
Fuel Injected

Number of posts : 36
Age : 42
Location : Centurion
My bike : F800GS
Registration date : 2008-06-13

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by JR on 24th July 2008, 11:45

Insurance is always a package and one need to analyse all the elements.

This has absolutely no reflection on anybody that posted before me.

- What happens when the cheapest insurance needs to cover a claim? Do they look for excuses not to pay? Do they replace or do they repair? How quick are they to finalise a claim? In other words, did you test them before with a claim.
- Lower premium generally means higher excess and sometimes substantial exclusions like for instance no coverage during a ďTraining DayĒ that takes place on a race track.
- Past history in terms of no claims can have as much as a 50% influence on the premium
- The type of bike plays a roll. Generally, sportsbikes are regarded higher risks than for instance tourers. As a result Iím paying more for the R125 000 Superbike than for the R 145 000 Hyper Sportsbike.
- The area you live in and where the bike is kept overnight play a roll

What Iím trying to say is two individuals can end up paying different premiums at the same insurer for the same item just as a result of history and how the package is structured.

Ever so important is to negotiate with your insurer. We ended up paying 30% less than the initial quote on Mermaidís ST after some negotiation

It is definately not as simple as I'm paying x to insure a bike with a value of y
JR
JR
The K-factor

Number of posts : 1164
Location : Gauteng
My bike : K1300S, F800GS
Registration date : 2008-06-02

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by LeRoy Olivier on 25th July 2008, 09:24

Yes, this is quite right - all factors are looked at when the service providers quote you a price. Given the high price tag of the Beemers - I would suggest that the cheepest option, be the last option. Look at the bigger picture.
It is also a given fact that the off road bikes are seen as high risk models given all the claims the insurers get - especially after the GS Challenge. Take the best package that will cover your needs and ensure that you will be back where you were before the mishap took place.
Regards.LeRoy
LeRoy Olivier
LeRoy Olivier
LT Fanatic

Number of posts : 1394
Age : 58
My bike : K1200LT
Registration date : 2008-06-09

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by Perske on 25th July 2008, 09:44

I feel we need to set up a template to capture a persons specific profile. Give that template to 10 club members. They shop for pricing and hand back the info. This info get compared and volla you have some answers.

We will have then say 5 quotes from person A with a specific profile, from 5 different companies. 5 from person B etc. Let say we have 10 persons getting quotations. At the end you compare the 5 companies over a broad spectrum of different lifestyles. This way you will be able to draw some conclusions.
Perske
Perske
Turbocharged
Turbocharged

Number of posts : 113
Age : 52
Location : Pretoria
My bike : 1200GSA
Registration date : 2008-06-19

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by Bear on 25th July 2008, 12:59

Hi,

perhaps a name to add to the list, used to be "first link" and now FNB Insurance Brokers.

I am insured for R100, 000 and my premuim is R390.80

With my recent prang, after the claim submission, the assessor was there within 3 days, he has given the go ahead for repair (R33, 000) and my excess is R2000.

Age also has an influence on the rate.
Bear
Bear
Riding the skyways

Number of posts : 194
My bike : R1200RT (Sand Beige) & F800ST (Metalic Blue)
Registration date : 2008-06-18

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by Rooikat on 25th July 2008, 15:13

I would love to have better pricing and service on insurance.
Gender usually plays a role for cage insurance, but I don't know whether it will play a role when insuring a bike.
Rooikat
Rooikat
Supercharged
Supercharged

Number of posts : 89
Age : 98
Location : Pretoria/Centurion
My bike : 2007 F650GS ........... AND ............. 800ST !!!!!!!!!
Registration date : 2008-07-09

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by Richard H on 26th July 2008, 17:18

Rolling Eyes I found my contract for the '04 1200GS.
Sum insured of R145 687
Monthly fee = R293.65+1.80 for SASRIA
Basic excess = 5.0% R1500 min.
Theft/hijack = 10% R1000 min.
Claim free group =5
Special condition:
"Cover includes motorcycle rider training courses and events as arranged by BMW Rider Academy"
bounce I had that written in!

(All my vehicles are insured through the same broker on the same policy and I pay them the princely sum of R50 per month broker's policy fee)

Wink
Richard H
Richard H
Senior Contributor
Senior Contributor

Number of posts : 625
Age : 65
Location : Jacaranda City
My bike : R1200GS, R100S
Registration date : 2008-06-09

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by LeRoy Olivier on 27th July 2008, 21:05

I have taken the liberty to discuss this issue with Bavaria - they will adress the club at the next meeting on this issue, providing nobody has a problem with the idee. LeRoy
LeRoy Olivier
LeRoy Olivier
LT Fanatic

Number of posts : 1394
Age : 58
My bike : K1200LT
Registration date : 2008-06-09

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by Perske on 28th July 2008, 10:51

No - I welcome the idea. This will be very informative but i still think it can not harm if we do our own investigation. I will lead this and I will need a few people to take part in the quotation application process. Please send me a PM if you are interested.
Perske
Perske
Turbocharged
Turbocharged

Number of posts : 113
Age : 52
Location : Pretoria
My bike : 1200GSA
Registration date : 2008-06-19

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by GSlady on 28th July 2008, 11:34

MadnohB wrote:

It is definately not as simple as I'm paying x to insure a bike with a value of y

Agree, but for interest sake:
I pay R325 (about R150 less than BMW quoted me) a month for my F800GS (R100 000) at my personal broker.
GSlady
GSlady
Senior Contributor
Senior Contributor

Number of posts : 859
Age : 59
Location : Pretoria
My bike : 800GS - now with MUCH more character! Still enjoying every minute!
Registration date : 2008-02-29

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by Richard H on 29th July 2008, 20:13

I do know that it is BMW Insurance's modus operandi to replace and not to repair any damages.
Rolling Eyes
That does have an effect on the costs of a claim and therefore on the premium.
Richard H
Richard H
Senior Contributor
Senior Contributor

Number of posts : 625
Age : 65
Location : Jacaranda City
My bike : R1200GS, R100S
Registration date : 2008-06-09

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by Bear on 20th August 2008, 21:51

Hi,

have been quoted R486 to insure the RT for R150000 is that reasonable ?

Cheapest i have found so far...
Bear
Bear
Riding the skyways

Number of posts : 194
My bike : R1200RT (Sand Beige) & F800ST (Metalic Blue)
Registration date : 2008-06-18

View user profile

Back to top Go down

Insurance for bikes Empty Re: Insurance for bikes

Post by Sponsored content


Sponsored content


Back to top Go down

Page 1 of 2 1, 2  Next

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum