Third Party Fire & Theft worth it?

[Snop Doog]

This question has come to mind after really thinking about what I'd be in for if I got a CG as my first 125. The YBR 125 has now become my first choice, but that makes insurance more of an issue. TPFT for the CG is around £500, around £850 for the YBR. TP Only is around £500 for the YBR, the thing is, compulsory excess for TPFT is £850 for the YBR... I may as well buy a new bike!

Things that make me think it's worth it: I live in London.

Things that make me think it isn't: Compulsory excess (I think I'd only ever claim if shit got serious).

What do you guys think?

[SandTiger]

I chose TPO for mine. My first year was around £340 I think. tpft cheapest was around £600/£700, and FC was extortionate. One going as high as £18,000.

The reason I chose TPO, was because if it was stolen (touch wood it won't be), or went up in flames, it'd be easier for me to save up for another second hand one, rather than take the hit on claiming.

If money is an issue for you, like it was for me in my first year of riding, then just get TPO, and invest in a nice chain for peace of mind. Bike cover aswell.
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2015 Kawasaki Z800e "Zee"
2006 Yamaha MT-03 "Mary Jane"
2011 Yamaha YBR125 "Ally"

[MC]

Literally no point with an excess that high. Excess is £820 on my policy but the bikes worth (or was valued at) 3 grand.

A mate mocked me for going TPO on my 125, then when he passed his test phoned up his insurers, and it turned out his excess was £1500 virtually what his CBR was worth.
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Yamaha MT-03 '08 (crashed)
Honda XR-125L '04

[barrkel]

What's your insurance going to be like after you claim for a theft? Do a few test quotes and see what kind of loading you get for the next couple of years.

Invest a fraction of that money on a decent chain and lock, say £190 on a 2 metre Almax III + tail pack to carry it around, and be religious about locking it up. That's the best insurance.

If you can afford two chains, one at home and one at work, that's a lot less hassle than having to pack it up.

My chain coils up nicely underneath my scooter seat, centralized weight, but you won't have that option with a YBR.

I wouldn't think about theft insurance until the value of your bike is well into 4 digits and the cost is in low three digits. Insurance will come down substantially with NCB and experience.
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Bikes: S1000R, SH350; Exes: Vity 125, PS125, YBR125, ER6f, VFR800, Brutale 920, CB600F, SH300x4
Best road ever ridden: www.youtube.com/watch?v=s2MhNxUEYtQ

[Snop Doog]

Thanks for the responses. Yeah, I'll be buying an Almax chain and a bike cover. Looks like TPO is the way to go as is just makes so much more sense.

[Wonko The Sane]

I tried to take out a quote for TPFT that was lower than TPO despite the excess being more than the value of the bike. Figured I'd never claim for the bike and save myself £200 (difference between policies)

Had to phone them up to check they'd insure restricted etc, got half way through and their system rejected the policy due to the excess being more than the value.

Had to stump up the difference to go TPO

Insurance, grrrrr
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[Rogerborg]

[groovylee]

further to Rogers post, if the insurance doesn't go down significantly with the security listed, don't list it.

the one time you forget to lock it, they'll try to wriggle out of paying out anyway (obv if you're tpo it doesn't matter anyway)

just my
____________________
Past - 1988 honda revere 600, 1996 kawasaki gpz500s, 1999 Yamaha R6

Current - 2002 Aprilia RSV1000R & 1999 Kawasaki ZX6R

[iooi]

[Snop Doog]

@Roger yeah I've been getting quotes without security listed, I'm pretty sure all of the quotes I got before were more expensive with it listed. But yeah, I'll try with and without.

@iooi If I can't afford to replace the bike and go FC, I'll be paying thousands a year, I've seen 5 figure sums. FC is a complete no for me.

[map]

Whatever you get I bet the insurance will quibble and not pay out bike value.

One quote I got for my lad the excess was more than I had entered for the value of the bike.

TPFT only worth it if excess reasonable, as said above.
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...and the whirlwind is in the thorn trees, it's hard for thee to kick against the pricks...
Gibbs, what did Duckie look like when he was younger?

[Snop Doog]

[Wednesday Biker]

Last time I shopped for quotes tpo seemed more expensive than tpft.
Some of the tpo quotes I got were insane.
Are you young? My gf has insured her z750 for £100 tpft and she only passed her test a year back.

[barrkel]

[lihp]

FC is the biggest con ever.

IMO, Fully Comprehensive cover should be banned, and I think there would be a lot less accidents.

FC is basically covering yourself for your own cock up, if nobody could claim for their own vehicle to be repaired maybe people would be more careful.
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covent.gardens: lihp is my most favourite member ever

[Snop Doog]

I'm young, and I live in London. What a great combination. Hence why I can't get a bike that actually appeals to me, well I could, but I couldn't afford it. I guess a YBR is all I'd need really.

[JP7]

With an £850 excess it's very hard to justify TPFT, unless the bike is worth significantly more than that. Bear in mind that if you're at fault in a claim, you wouldn't get a payout anyway.

I quite like to use The Bike Insurer website for a good overview of quotes, because they give you FC, TPFT and TPO quotes all in one go, and show you which is cheapest.

As others have said, insurance is a strange beast and sometimes FC can be cheaper than TPFT, or TPFT cheaper than TPO. It makes sense to get the best cover for the best price. Just keep playing with it, trying different excesses, different variations on your security kit, lower mileage, even different occupations (for example, shop assistant might be cheaper than store assistant).

[Snop Doog]

[MC]

[Snop Doog]

[MC]

Maybe consider a DT? They're cheap to insure, reliable for a 2-stroke, only thing's they're going up in value and are already starting to go for silly money.
____________________
Yamaha MT-03 '08 (crashed)
Honda XR-125L '04

[Snop Doog]

[MC]

Seen some go for 1500ish. Just thinking if you've got 2 years on a 125, a 4-stroke might be a bit much to endure
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Yamaha MT-03 '08 (crashed)
Honda XR-125L '04

[Snop Doog]