TPFT, TPO or GTFO

[jasonashbyuk]

Hi guys I've finally bought myself a bike. Yam ybr125 59 plate. Only 2k on the clock. Paid 1500. Now I've been looking into insurance and am wondering if it's really worth getting TPFT I've been quoted around 400-500 quid with a voluntary excess of 500. So total cost for one year if I need to claim on the bike is 1000 pounds.

With TPO it's only 250 for the year with no excess. Breakdown cover and legal fees included. I'm thinking TPO and put the money saved away for a rainy day (down the pub).

Discuss...

[Paxovasa]

It depends on whether you can afford to lose £1500.

If you have an accident and it was your fault then you will get nothing.
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Suzuki GSF600 K3 (in the fastest colour, black).

[supZ]

only you can answer whether its worth it.

loose £1500s worth of bike if it catches fire or gets nicked vs spending £200 more over a year.

the choice is yours
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CBR954RR - Daily toy
CBR600RR - Trackbike

[Kickstart]

[Scooty]

I'd go for TPFT; at least if your bike is nicked you'll get back £1000, rather than sweet FA.
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Current Bike: 2018 Honda CRF250L
Ex-Bikes: 2002 Honda CG125, 1998 Honda VFR800, 2011 Honda CBR600F, 2013 Triumph Sprint GT SE, 2015 Kawasaki ZX10R

[Asharin]

My FC is cheaper than his TPO
I guess being over 30 has some advantages after all!

[.]

Wait till you get to my age and pay under £75 Fully Comp on a brand new 900 Triumph

[Teflon-Mike]

Taking a stab in the dark here, but I guess that the loading as soon as theft is put on is beouse the bike isn't normally garaged or kept in other 'secure' location.

End of the day, a high loading like that is telling you, theres a VERY big risk the bikes going to be nicked.

Your call...... save the pennies for a better use (down the pub?!?!)

And you have a 50/50 chance you are going to get up one morning to find you have no bike..... and a big head-ache, rather than pennies in the pot to replace it, or telephone no. to call to get a cheque sent to you to cover at least part of the loss.

How do you want to play it?

Up to you. Saving on the insurance premium, could be worth while IF you take some extreme measures to avoid it getting nicked, but that will mean more than just sticking a disc lock on it. Alarm, heavy chain, ground anchor, careful thought about where you park it.

But 125's are a BIG nick-risk.

Look at WHY they are giving you such a high quote, and work out what its telling you. These people DONT get thier numbers out of thin air, they really DO want your business, and they DO know how competative the market is, but they also know how likely your bike is to get stolen.

DO YOU know something they dont? Can YOU beat the odds?

Remember, they are ALWAYS loaded in favour of the house. If you want to beat them, you REALLY have to study the form well.
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My Webby'Tef's-tQ, loads of stuff about my bikes, my Land-Rovers, and the stuff I do with them!
Current Bikes:'Honda VF1000F' ;'CB750F2N' ;'CB125TD ( 6 3 of em!)'; 'Montesa Cota 248'. Learner FAQ's:= 'U want to Ride a Motorbike! Where Do U start?'

[bikertomm]

TPO and a fat mother fucker of a lock!
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07' Honda Hornet now full powaah! My guide on performing an oil change!

[rob_scott92]

I beleive that TPFT can sometimes be cheaper than TPO!
When i got my Cb350, it actually turned out cheaper to insure that than my 125

Personally, i'd never go for any less than TPFT. Anyone can nick a bike if they really wanted it, Anyone could set fire to a bike if they really didn't want it

Just the world we live in, as soon as fully comp is cheap enough for me i'll more than likely go for that.
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First bike: 1982 Suzuki Gs 125 'The beast MK1' > 1988 Honda Cb 350's' FOR SPORT! (Good ol' oil burner!) > 2001 Suzuki Sv 650 's' Made it out of the 80's! > 1997 Honda Cbr 600f :p

[iooi]

[dragstaar]

[iooi]

[Bull]

You got to look at it this way ALL YOU CAN DO IS SLOW THEM UP !!!!!!!!!
If they want it there going to have it away like someone said there just load it into a van!!!!!!!
TPFT min if it was me

[Ingah]

For your reading:
https://www.bikechatforums.com/viewtopic.php?t=198086

As an aside i feel that the majority of posts seem to be rather too much pro-insurance and not enough pro-security. You're young and so if you claim, you will be completely screwed over for years to come (i.e. no no-claims, but showing 1 theft or whatever), that's without of course the extra premium / excess etc etc.
Of course, if you genuinely couldn't afford another then maybe it's worth it, but i feel you'll lose out very badly if you claim.
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-- Ingah

[dragstaar]

[jasonashbyuk]

Well certainly some interesting points for either tpo or tpft. I've found a cheaper tpft for 380 with kwik fit insurance. Still 500 quid for the excess however i feel that for that small increase it will at least give me the option to claim if it is stolen.

As for security I've invested in a good chain this will be fantastic for parking at home as i can chain it to the wall in the garage (doesn't have a locked door). Unfortunately when at Uni and work there isn't anything to chain it to.

[stonesie]

I've just bought the Almax series III with the Squire lock and ground anchor... I park next to a MINT R6 at work and he doesn't have any security on it so I don't think my bike will be targeted with that thing securing its back wheel to a crash barrier.


I went with the good stuff because I had a nice meaty looking 'D' lock on my mountain bike a few years ago, a pair of scrawny chavs soon had that lock off but didn't get the bike, by pure luck I was just walking out of the shop as they were doing the deed and they ran off