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Selling & Security ?

Selling & Security ?

blueystar
5 years ago

Quoting Ratbob on 18 Mar 2019 11:14 PMedited: 18 Mar 2019 11:15 PM
Smokey, you must be getting shitty insurance quotes. I reckon it’d take at least 5 decades of no insurance and no incidents for you to break even let alone save money.
eg my K1 Honda 4 is $98 per year to insure at a value of $18,000. So if the bike gets nicked or wrecked in 183 years I’ll break even, if it’s within 10 years I’ll be well ahead.
Similar for my Dyna, $480 to insure, agreed value $22,000 so in value terms I’m covered for 45 years. If it gets nicked or wrecked even on the 44th year I’ll get all those premiums back and break even, so the sooner it’s nicked/wrecked the better off I am.
Hm, didn’t think of that before :-)

name of the insurance company that gives you this price so i can look into it for a quote

paulybronco
5 years ago

Quoting Ratbob on 18 Mar 2019 11:14 PMedited: 18 Mar 2019 11:15 PM
Smokey, you must be getting shitty insurance quotes. I reckon it’d take at least 5 decades of no insurance and no incidents for you to break even let alone save money.
eg my K1 Honda 4 is $98 per year to insure at a value of $18,000. So if the bike gets nicked or wrecked in 183 years I’ll break even, if it’s within 10 years I’ll be well ahead.
Similar for my Dyna, $480 to insure, agreed value $22,000 so in value terms I’m covered for 45 years. If it gets nicked or wrecked even on the 44th year I’ll get all those premiums back and break even, so the sooner it’s nicked/wrecked the better off I am.
Hm, didn’t think of that before :-)

Quoting blueystar on 19 Mar 2019 12:02 AM
name of the insurance company that gives you this price so i can look into it for a quote

I gave you mine, its YOUI

paulybronco
5 years ago

Quote source removed.
Ha Ha was laughing at the new Mcdonalds add......shows a Dad growing up with his kids etc to the back ground music of Meat loaf song "I would do anything for love" and the last scene shows him about to chew into a burger, the music stops because we all know the next verse......'But i wont do that"LOL

blueystar
5 years ago

Quoting Ratbob on 18 Mar 2019 11:14 PMedited: 18 Mar 2019 11:15 PM
Smokey, you must be getting shitty insurance quotes. I reckon it’d take at least 5 decades of no insurance and no incidents for you to break even let alone save money.
eg my K1 Honda 4 is $98 per year to insure at a value of $18,000. So if the bike gets nicked or wrecked in 183 years I’ll break even, if it’s within 10 years I’ll be well ahead.
Similar for my Dyna, $480 to insure, agreed value $22,000 so in value terms I’m covered for 45 years. If it gets nicked or wrecked even on the 44th year I’ll get all those premiums back and break even, so the sooner it’s nicked/wrecked the better off I am.
Hm, didn’t think of that before :-)

Quoting blueystar on 19 Mar 2019 12:02 AM
name of the insurance company that gives you this price so i can look into it for a quote

Quoting paulybronco on 19 Mar 2019 12:57 AM
I gave you mine, its YOUI

no I want the name of the insurance company for $98 a year for $18000

paulybronco
5 years ago

Quoting blueystar on 19 Mar 2019 12:02 AM
name of the insurance company that gives you this price so i can look into it for a quote

Quoting paulybronco on 19 Mar 2019 12:57 AM
I gave you mine, its YOUI

Quoting blueystar on 19 Mar 2019 04:49 AM
no I want the name of the insurance company for $98 a year for $18000

"guessyou need insurance if the bank owns your bike"

So does the bank own your bike...LOL

Ratbob
5 years ago

Quoting blueystar on 19 Mar 2019 12:02 AM
name of the insurance company that gives you this price so i can look into it for a quote

Quoting paulybronco on 19 Mar 2019 12:57 AM
I gave you mine, its YOUI

Quoting blueystar on 19 Mar 2019 04:49 AM
no I want the name of the insurance company for $98 a year for $18000

No worries Bluey, it's good old Shannons.
As you know your quote will depend on many factors but I'm thinking the key is to bundle (if you can) and negotiate and whether you're going for laid up, limited use or full on road cover etc. The cover in question was for 5 bikes, 1 full on road, 2 limited use, 2 laid up.

Far Canal
5 years ago

Quoting paulybronco on 19 Mar 2019 12:57 AM
I gave you mine, its YOUI

Quoting blueystar on 19 Mar 2019 04:49 AM
no I want the name of the insurance company for $98 a year for $18000

Quoting Ratbob on 19 Mar 2019 05:49 AM
No worries Bluey, it's good old Shannons.
As you know your quote will depend on many factors but I'm thinking the key is to bundle (if you can) and negotiate and whether you're going for laid up, limited use or full on road cover etc. The cover in question was for 5 bikes, 1 full on road, 2 limited use, 2 laid up.

I am not a big fan of insurance companies, but I have to agree that Shannons give me a seemingly good price as well.
!970 Honda KO Agreed value $19,203 (FKW) for $94.74 per year including gst and stamp duty. Also got a K2 for a bit less.
The thing with the older bikes though is that they are on a limited use rego, you can only ride em so many times a year. It is more than enough though.
2008 FXST HD agreed value $17,600 for $317 per year.

Nutty
5 years ago

Quoting Braddock on 15 Mar 2019 09:39 PM
Hey guys , i reckon it's just about time for a new ride and have been wondering what security people take when selling there hog from home? I've heard of a few "potential " buyer's taking bikes for test rides and they never return . What do other people do/recomend when selling ?
Cheers.

Get a cover note on the bike for the period of sale, if it disappears, pay the premium. Harleys are cheap to insure for short term cover, about $15/week for $30K cover.

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