Insurance - Fully comp or not? - Page 2 - SV650.org

21-03-05, 09:43 AM

Mines FC this year as I had a loan on it and didn't want to be paying the loan for a dead bike if I dropped it... Now I've paid for it I may drop to TPFT in the summer = 600 euros a year is a bit of a difference...

Skip · 21-03-05, 09:45 AM

Quote:

Originally Posted by Jabba-the-Hutt

Hairnet

I am intending to go TPFT when I eventually get a bike, purely based on the fact that it will be a weekend fun thing only and as a newbie to bikes a FC quote is

My best quote was £240 (with 6 points) from confused.com

21-03-05, 09:51 AM

Quote:

Originally Posted by bikageboy

also , what you have to take in consideration is how much it will affect your premium next year if you do claim.

i was in your dilema, and i thought id go for TPFT (and hope i didnt do anything silly)

Very good point which i'd not thought about. I think that, plus jonboys £500 note tips it towards TPFT and with the money i save start buying replacement fairing and pegs

21-03-05, 10:04 AM

I went for TPFT on mine. I'm 23 and the price difference for fully comp was so much more (along with higher excess) that there was no way of justifying fully comp. As has already been said, with £650 excess, you'd have to really knacker lots of the bike before it'd be worth claiming (especially once you take into account additional "future cost" through loss of NCB, etc.).

Can't ever really see myself going for FC, until I'm a lot older/have a v. expensive bike.

21-03-05, 10:05 AM

my quote was as follows

600 quid TPFT

2500 FC

21-03-05, 10:08 AM

OUCH!!!!!!

21-03-05, 01:42 PM

Used to just have tpft on the old ER5, but that was because I didn't commute on it then, plus it was only worth £2000. The SV cost me £3400 and now I'm doing about 20k a year on it, commuting into London each day, so I got comp. for the first few months (was extending the policy from the old bike)

When the renewal comes in a few months, it'll be a hard choice - at least 500 for comp vs about 250 for tpft. With the bike being restricted now and the extra 40 or so bhp due to be set free in July, I'll probably splash the extra 250 in case I get carried away with it... once I've had it a year then I'll probably drop back to tpft...

It's all to do with how confident you feel on the bike and whether you think/feel you could end up in a situation where you'd be considered partly/totally to blame for an accident.

I got rear-ended by white van man when I had tpft but he put his hands up so tpft was good enough for me then... a month later, a mate went through an amber light, hit a car, broke his wrist, only had tp and the bike was on finance, so he didn't do well. Another mate bought a zx6r as his first bike right after his DAS, fell off within a week, then a month later he lowsided going round a bend too fast and had comp and got most of his cash back despite it being entirely his own lack of control. Just need to work out where you fit in

One other thing about fully comp - even having it is rubbish, as when you claim you lose your NCB, face higher premiums in future, etc. so the only way to really "win" with comp is to get the bike trashed due to (at least in part) your own fault and get a new bike out of it. Which is loads of hassle and not really winning at all.

Hmm, have just convinced self to not get comp next time...

northwind · 21-03-05, 03:20 PM

Quote:

Originally Posted by Flamin_Squirrel

northy you're pre-planning your crashing for this year? Love the optimism

That one's booked in for August

I haven't decided yet if it'll be on the track, on a rideout, or in the garage.

21-03-05, 03:36 PM

I'm in a similar position. I've got TPFT.

Most stuff can be fixed for £500 so i wont bother claiming on anything unless my bikes stolen.

22-03-05, 12:51 PM

Jon,

I've just bought my SV650S. Dead pleased with it........

Spent an age ringing round, it's a ball ache but it definitely paid off. Try Carole Nash. I always thought they'd be too expensive, but then again, you get what you pay for. Apparently they have a special deal with AXA for new/young riders on SV650and Bandit 600's.

I've got a £650 Excess but I took the view that if I drop it or bin it, I'd probably rather have my 1st yrs no claims. The policy gives full accident and breakdown cover, 4 free homestarts and full european cover.

As is often the case with these special deals, is only if you can tick all the right boxes.

View Poll Results: Full comp or third party?
Fully comp	27	50.94%
Third party fire and theft	26	49.06%
Voters: 53. You may not vote on this poll

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21-03-05, 09:43 AM	#11
MavUK Guest Posts: n/a	Mines FC this year as I had a loan on it and didn't want to be paying the loan for a dead bike if I dropped it... Now I've paid for it I may drop to TPFT in the summer = 600 euros a year is a bit of a difference...

21-03-05, 10:04 AM	#14
Ceri JC Guest Posts: n/a	I went for TPFT on mine. I'm 23 and the price difference for fully comp was so much more (along with higher excess) that there was no way of justifying fully comp. As has already been said, with £650 excess, you'd have to really knacker lots of the bike before it'd be worth claiming (especially once you take into account additional "future cost" through loss of NCB, etc.). Can't ever really see myself going for FC, until I'm a lot older/have a v. expensive bike.

21-03-05, 10:05 AM	#15
Warren Guest Posts: n/a	my quote was as follows 600 quid TPFT 2500 FC

21-03-05, 01:42 PM	#17
SVeeedy Gonzales Guest Posts: n/a	Used to just have tpft on the old ER5, but that was because I didn't commute on it then, plus it was only worth £2000. The SV cost me £3400 and now I'm doing about 20k a year on it, commuting into London each day, so I got comp. for the first few months (was extending the policy from the old bike) When the renewal comes in a few months, it'll be a hard choice - at least 500 for comp vs about 250 for tpft. With the bike being restricted now and the extra 40 or so bhp due to be set free in July, I'll probably splash the extra 250 in case I get carried away with it... once I've had it a year then I'll probably drop back to tpft... It's all to do with how confident you feel on the bike and whether you think/feel you could end up in a situation where you'd be considered partly/totally to blame for an accident. I got rear-ended by white van man when I had tpft but he put his hands up so tpft was good enough for me then... a month later, a mate went through an amber light, hit a car, broke his wrist, only had tp and the bike was on finance, so he didn't do well. Another mate bought a zx6r as his first bike right after his DAS, fell off within a week, then a month later he lowsided going round a bend too fast and had comp and got most of his cash back despite it being entirely his own lack of control. Just need to work out where you fit in One other thing about fully comp - even having it is rubbish, as when you claim you lose your NCB, face higher premiums in future, etc. so the only way to really "win" with comp is to get the bike trashed due to (at least in part) your own fault and get a new bike out of it. Which is loads of hassle and not really winning at all. Hmm, have just convinced self to not get comp next time...

21-03-05, 03:36 PM	#19
mysteryjimbo Guest Posts: n/a	I'm in a similar position. I've got TPFT. Most stuff can be fixed for £500 so i wont bother claiming on anything unless my bikes stolen.

22-03-05, 12:51 PM	#20
craven2k Guest Posts: n/a	Jon, I've just bought my SV650S. Dead pleased with it........ Spent an age ringing round, it's a ball ache but it definitely paid off. Try Carole Nash. I always thought they'd be too expensive, but then again, you get what you pay for. Apparently they have a special deal with AXA for new/young riders on SV650and Bandit 600's. I've got a £650 Excess but I took the view that if I drop it or bin it, I'd probably rather have my 1st yrs no claims. The policy gives full accident and breakdown cover, 4 free homestarts and full european cover. As is often the case with these special deals, is only if you can tick all the right boxes.