Bike insurance & Security

[spooks007]

Morning all,

This more of a rant than anything else!!! I have been looking at getting Datatag and a Disc Lock to beef up the security for the bike. I all ready have an Almax Chain & Lock.

Went to speak to my insurance company today to ask them if the additional outlay and features would make a difference to my premium. Not even a penny saved!!! so my point is what is the point!!!!!

I know the features might prevent a crime taking place but surly these insurance companies should reward you, if you have gone that extra mile to try and prevent thieves.

[Andy_Pagin]

I'll guess that statistically those gadgets make bugger all difference to the likelihood of a bike being pinched, and so won't impact premiums.
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They're coming to take me away, ho-ho, hee-hee, ha-haaa, hey-hey,
the men in white coats are coming to take me away.
Yamaha Vity -> YBR125 -> FZS600 Fazer -> FZ1-S Fazer

[Rogerborg]

[Ben90]

My quote on a 125 was first specced up with a ground anchor, a big chain and a disc lock, all thatcham approved.

Out of curiosity I ran it again with no security measures what-so-ever and it came out a whole 8 pence cheaper. Which would take a £60 chain 750 years to pay for itself.

Insurance is horseshit.

Any security measures should be used only for your own partial peace of mind and to stop only the laziest of opportunists, nothing more.
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Yamaha FZ6 S2

[-Matt-]

I only use them for additional peace of mind [as much as you can have anyway ] and hopefully preventing at least a fair chunk of potential thieves nabbing the bikes.

I think as Roger says a lot of insurers don't even really know much about half the bikes they're insuring - Perhaps for many its simpler to assume if someones chaining their bike, they're more worried about it getting nicked/being desirable to nick than many unchained bikes - therefore its at a higher risk of theft in their mind and hence the premium isn't lowered, or as a few people have mentione actually ends up going up.

I don't usually declare my security unless it does rarely make a small discount.

[defblade]

At least it wasn't "that'll save £20, plus a £40 policy amendment fee, so you need to pay us £20"

As, if you tell them about security they won't pay out if it wasn't being used, and security you declare seems to make little/no difference to premiums, I'm rapidly coming to idea that you don't admit to anything and then use it anyway.
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Honda Varadero 125cc => Suzuki Bandit 650 33bhp => 77bhp =>
BMW K1200R Sport 163bhp => Aprilia Shiver GT 750 95bhp

[arry]

[Joncrete Cungle]

Declare nothing, use something. At my previous employer when we opened a new site the insurance company wanted us to spend an additional one hundred and twenty five grand on security over and above the three hundred grand in the security budget. The saving on the insurance premium, fcuk all, nothing, not even one pence.

[arry]

[Clanger]

If thieves can take a classic VW Campervan in broad daylight in a busy part of London without any repercussions, then stealing a motorbike is nothing.
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Be who you are and say what you feel, because those who mind don't matter, and those who matter won't mind - Dr. Seuss

[arry]

[MotorbikerTom]

I guess you use security to deter some thieves, I imagine someone somewhere would attempt to wheel a bike away if all they had to do was get around the steering lock. If it had a disc lock and hefty chain on it then I'd like to think they wouldn't bother.

Although like arry says, if they want it..
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CBT: 19/02/11 - Mod 1: 27/03/11 - Mod 2: 01/04/11
'97 GS500E > '03 Hornet 600 > '16 Street Triple 675