To insure, or not to insure...

[Lamber]

Good point but considering that a bike does not last the length of the bond but I would say 4yrs max for most guys. So your insurance would be R4800 vs paying off roughly R8K of that R20K through your bond.

 

That now gave me a brain fart, should we now approach the purchase of our bikes with the thought of adding in our insurance. So your new R20K bike that will last 4yrs is actually costing your R25K and should it be removed from your possession during this time, you will have it replace with a new R20K bike and allowing you to reset the purchase cycle.

 

wow- now that is something to consider! sheesh man, talk about a simple question with complicated answers

 

I've decided not to take the risk- my bike will be fully covered as from 1 May