Well that's it then

Finally got everything I need to rebuild the Gixxer Thou.
Tail unit to match the blue/white fairing, Harris undertray and a new set of
yokes.
Still the original tank with a couple of pin dents but looks like she will
be ready for Spring.
Total cost to me was about £3k inc. salvage *Result* (1)

Is there a taper roller headrace conversion for these bikes? and does
anyone know who might stock them.

(1) any profit will be folded into loosing 14 years unbroken no claims I'm
sure

 

Not bad.

Sounds like a plan.

 

And just think what you've spent over the years on insurance you haven't
actually needed.

 

Yeah, that's pretty much my view.

This is something I could check using money but don't want to.

It's thousands upon thousands of pounds. God I feel sick.

And I've only managed to make *one* fucking claim for bikes.

Mind you, there's been a few made on company car policies...

Even so I think I've got to the point where I can take a well deserved
insurance holiday- it does exist somewhere in the policy small print
doesn't it?

 

I plan on sort of insuring my self in a year or so's time. I'm going
to stick 5k (or replacement value of bike) in an ISA and leave it
there. Then the bike will be insured tpo or tpft (oddly sometimes
tpft is cheaper). I reckon after 4 years I'll be quids in if I don't
crash it or have it stolen.

 

It's a very big if, though isn't it?

I don't reckon I'd risk the fact that if I did cause an accident then
someone could potentially claim against me for a written off Ferrari
or a personal injury claim running into hundreds of thousands.

Or have I missed an important point here?

 

Do you mean the bit about insuring it tpo or tpft?

 

Yup, you missed the fact that he said he would just get third party
cover instead.

FWIW I agree totally - self-insurance, if you can afford to pay in the
event of a smash, is definitely the way to go.

 

Ah, right, yes. Got it now /

Hmm. It seems OK with hindsight. i.e. I've had continual
m/cycle insurancenow since 1992 without a claim. If I'd known
in 1992 that I would have 12 years claim-free riding it might
have made sense.

However, if I went out tomorrow and bought a nice shiny new
bike, even if I had the cash to replace it, I still think I'd
want FC cover as the risk of having a number of bins over a
period of time would make me a bit nervous.

 

YT,T,C

 

I'm not sure about Ogden's point, I am going to be paying more than I would
have been paying anyway.

I had a K100 stolen around '89, NU paid out some £4000. Over the past 14
years I paid back into premiums around £250/year average = £3500. Carole has
just given me another £5250 after deducting the excess. On that basis I
think premiums seem very reasonable as the odds of needing to claim every 15
years or so are probably quite high. Not sure if CT's idea stacks up.

I have had smaller losses in minor theft and damage over the years but I
don't claim for stuff like that and keep my excess up around £750.

 

I think you've just made my point. Or at east the point I was trying to
make.

I was saying that even if I had the cash to fully replace a brand new
bike
should I bin it, I would still want FC insurance as the premiums are
reasonable, if you have a large-ish claim or two over a particular
time period.

I mean, say I buy a brand new bike. I have the cash to replace it so
'self-insure' and insure it TPO. I then write it off.
I have the cash to replace it. Once. So I buy another new one,
but now I don't have the cash to replace this one should the
same happen. It's fine having the hindsight of 12 years claim free
riding (in my case) but IMO the risk is still there that you could
end up having to replace or repair a heavily damaged bike more than once
in fairly quick succession.

Still, if someone crashes that often maybe they shouldn't be riding
anyway. )

 

Yeah, you're missing that the bike will be insured normally for tp.
Anything else, I'll be covering.

 

I'd opt for self-insurance, and have done for the last 6 years or so.

It's simply not worth claiming on FC insurance. Loss of NCB, premium
increase as a result of making a claim and payment of excess all mean
there's bugger all reason to claim on something as cheap as a bike.

A 10k car with a relatively low premium I could understand insuring FC,
but a 5k (or under) bike that'll cost half that to insure? Not a chance.

 

With premiums that low, you may be better off getting FC cover and claiming.

At a guess, Ben's insurance for the thou is going to be in the region of
a grand, at which point it starts to make less sense.

A couple of years ago I paid £1280 TPFT on a ZXR400. I dread to think what
FC would have cost me - I didn't even bother getting a quote.

 

*ding*.

Once it gets down to under 500 quid for fc then I'll go for that. At
the moment it's £850 for fc, which I'm paying for this year because I
haven't got my emergency fund together yet. Next year it'll be
tp(ft).

 

I've been tending to do this for the last few years, but for some
reason I went for the whole FC thang when I bought the Gixxer. Add,
really, 'cos I then realised that the Volvo is actually worth more
than the bike, and that's only TPF&T[1].

[1] Well, it's not quite the same, as the 'Casco Partial' can also
include[2] damage from vandalism, animal bites[3] and all sorts of odd
things you wouldn't normally see on a TPF&T policy. Really, it's only
damage collision that needs the additional[4] cover.
[2] Each of the risks is independently itemeise and costed, and can be
removed on request to reduce your premium if you don't want it.
[3] Which seem to be on all policies, so I guess they're more
common[5] that you might at first think.
[4] It's actually a seperate policy, and can be provided independently
if required.
[5] Apparently, pine martens[6] and the like are quite partial to
cable insulation, brake lines and other plastic/rubber parts.
[6] Which are very common in Switzerland.

 

My 8k bike cost £350 to insure FC.

hth

 

Mine's about that too, IIRC... ang on a mo... 1156 chf. ****, that's
around 500 quid, and half of that's for the collision damage part,
including 65% NCD. Must think about knocking that off next year.

 

I've got FC insewerance on my £450 Cheapy Chariot. I'd argue that it's worth
it since the difference between that and the premium for TPFT was £10 and
with the FC insewerance I am covered to drive any other car on a TPO basis
which is handy from time to time. Oh, and allegedly I get a loan car in the
event that mine gets wacked about or nicked or summat, which is probably not
worth it given that I drive no more than about 2,000 miles per year.