|
|
| Author |
Message |
| andyj88 |
This post is not being displayed .
|
andyj88
Two Stroke Sniffer
Joined: 21 Feb 2010
Karma : 
|
|
| Back to top |
   |
You must be logged in to rate posts |
|
 |
| Ben90 |
This post is not being displayed .
|
Ben90
Brolly Dolly
Joined: 06 Feb 2014
Karma :  
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| arry |
This post is not being displayed .
|
arry
Super Spammer
Joined: 03 Jan 2009
Karma : 
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| JP7 |
This post is not being displayed .
|
JP7
World Chat Champion
Joined: 22 Dec 2008
Karma : 
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| bob a |
This post is not being displayed .
|
bob a
World Chat Champion
Joined: 18 Aug 2006
Karma : 
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| JP7 |
This post is not being displayed .
|
JP7
World Chat Champion
Joined: 22 Dec 2008
Karma :
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| Vracktal |
This post is not being displayed .
|
Vracktal
World Chat Champion
Joined: 04 Oct 2012
Karma : 
|
 Posted: 12:04 - 22 Sep 2014  Post subject: |
 |
|
| bob a wrote: | That is crazy, i would have thought it would have been better to insure with ABS - Mental |
With the right mental gymnastics, insurers can make anything higher or lower risk; e.g.
ABS reduces risk of lockup under emergency braking, therefore ABS reduces the chances of having an accident therefore lower quote
Dissent: ABS gives bikers a false sense of security, meaning they are more likely to ride outside their skillset and crash, therefore higher quote.
This works with anything.
Bikes with modified exhausts produce more power than stock, making them faster and therefore more likely to be in a crash. Additionally, when they are involved in crashes, the price to repair them with like-for-like modified parts is often higher than with a standard bike. Higher quote.
Dissent: Bikes with modified exhausts are more likely to be owned by riders who are aware of the limits of their bike, and as they've spent money modifying their bike they are more likely to have an attachment to it, want to take care of it, and thus ride more sensibly to protect their asset. Additionally, in the event of a claim these kinds of bikers are more likely to take a lump sum to repair the bike themselves, reducing settlement costs for bike hire and the like. Lower quote.
I once justified to an insurer why parking my bike on the street made it less likely to be stolen than in my garage, and it worked.
This is why insurers all rely on risk algorithms these days, no need to actually think if you can just point to some number-crunched statistics and say 'but the computer says...' It's also the reason you get strange situations where increasing your optional excess makes your quote rise instead of fall, and why fully comprehensive insurance quite often comes out cheaper than third party only.
____________________
2007 BMW R1200R: On road
2009 BMW G650X Challenge: On road
1975 Norton Commando 850: Off road, awaiting recommissioning |
|
| Back to top |
| |
You must be logged in to rate posts |
|
 |
Old Thread Alert!
The last post was made 11 years, 178 days ago. Instead of replying here, would creating a new thread be more useful? |
 |
|
|
Help & FAQs
Search BCF
Members
Groups
Events Calendar
rating
rating