KayJ Posted February 4, 2016 Share I just got a new 2016 Giant trance 2, bought it for R29800. I asked Santam how much it would be insure it and they got back to me for R189 per month? Is this about par? Or would you suggest I shop around and get another quote and pit insurers against each other and try reduce it? Who else should I try? Link to comment Share on other sites More sharing options...
Jamessolomon Posted February 4, 2016 Share I would also like to know, I have my silverback insured for 22k and currently paying R132 a month, is that reasonable, based on what KayJ has said, seems about the same Link to comment Share on other sites More sharing options...
Riaan H Posted February 4, 2016 Share Outsurance is charging me R 93,41 for my wife's Scott (20k) and R 260,34 for my Spez (40k). Looks like Iam getting screwed on the Camber tbh. raptor-22 1 Link to comment Share on other sites More sharing options...
Ferro Posted February 4, 2016 Share KTM insured for 22k for R87 through A&G as part of existing policy. R850 excess. GmtbR 1 Link to comment Share on other sites More sharing options...
Lurch the stalker Posted February 4, 2016 Share There's a whole discussion around insurance here.In answer to the question, I have 3 bikes insured through Momentum paying a little under R700 a month.The two claims I have put in, one for a complete road bike and one for a wheelset on my Epic, were paid out in a couple days.For the ease and speed I am happy to pay what I do.Just make sure that if you shop around you are getting the exact same cover you're getting. Cheaper is definitely not always better with some things... Link to comment Share on other sites More sharing options...
Patchelicious Posted February 4, 2016 Share Chat to a broker to shop around for you. Its not always just about price, but also the cover that you get. This is what I currently pay for my various bits as a comparison. Look it is very good rates that took some negiations... but it is for full comprehensive cover. Scott RC900 Mountain Bike Sum insured R75,000 - Premium R146.59Unspecified items of clothing and personal effects Sum R20,000 - Premium R100.73Power Tap Carbon Wheels Sum Insured R30,000 - Premium R69.55Camagnolo Super Record components Sum Insured R40,000 Premium - R92.73Colnago C60 Road Frame Sum Insured R60,000 - Premium R139.092014 specialised epic expert carbon 29er Sum Insured R68,000 Premium R157.64 I cannot say it enough, chat to a broker it is worth the extra little of comm you pay. Edited February 4, 2016 by Patchelicious Lexx, KayJ, Captain Fastbastard Mayhem and 4 others 7 Link to comment Share on other sites More sharing options...
RockSpider85 Posted February 4, 2016 Share Also make sure that your bike is insured, in racing also. Most insurances dont insure your bike in races. We are with MiWay and my bike is insured for R38k and we pay R162p/m. justanotherbiker 1 Link to comment Share on other sites More sharing options...
HBO Posted February 4, 2016 Share Santam is one of the very few companies that gives you full All Risk cover. Most insurers don't offer cover when you have an accident while riding and/ or racing. you can also try Cyclesure. the premiums for both of you seems reasonable. Captain Fastbastard Mayhem and raptor-22 2 Link to comment Share on other sites More sharing options...
Captain Fastbastard Mayhem Posted February 4, 2016 Share Drop HBO a message and he'll be able to assist you. Link to comment Share on other sites More sharing options...
Lurch the stalker Posted February 4, 2016 Share Santam is one of the very few companies that gives you full All Risk cover. Most insurers don't offer cover when you have an accident while riding and/ or racing. you can also try Cyclesure. the premiums for both of you seems reasonable.Mine with Momentum is all risk as well. Link to comment Share on other sites More sharing options...
HBO Posted February 4, 2016 Share Chat to a broker to shop around for you. Its not always just about price, but also the cover that you get. This is what I currently pay for my various bits as a comparison. Look it is very good rates that took some negiations... but it is for full comprehensive cover. Scott RC900 Mountain Bike Sum insured R75,000 - Premium R146.59Unspecified items of clothing and personal effects Sum R20,000 - Premium R100.73Power Tap Carbon Wheels Sum Insured R30,000 - Premium R69.55Camagnolo Super Record components Sum Insured R40,000 Premium - R92.73Colnago C60 Road Frame Sum Insured R60,000 - Premium R139.092014 specialised epic expert carbon 29er Sum Insured R68,000 Premium R157.64 I cannot say it enough, chat to a broker it is worth the extra little of comm you pay.Wow!! this is quite good rates. Maybe you should come and teach me some of your negotiation skills. Patchelicious, Captain Fastbastard Mayhem and KayJ 3 Link to comment Share on other sites More sharing options...
JohanC Posted February 4, 2016 Share Wow!! this is quite good rates. Maybe you should come and teach me some of your negotiation skills. Chat to a broker to shop around for you. Its not always just about price, but also the cover that you get. This is what I currently pay for my various bits as a comparison. Look it is very good rates that took some negiations... but it is for full comprehensive cover. Scott RC900 Mountain Bike Sum insured R75,000 - Premium R146.59Unspecified items of clothing and personal effects Sum R20,000 - Premium R100.73Power Tap Carbon Wheels Sum Insured R30,000 - Premium R69.55Camagnolo Super Record components Sum Insured R40,000 Premium - R92.73Colnago C60 Road Frame Sum Insured R60,000 - Premium R139.092014 specialised epic expert carbon 29er Sum Insured R68,000 Premium R157.64 I cannot say it enough, chat to a broker it is worth the extra little of comm you pay. Agree, that is very good rates! Insurer? Link to comment Share on other sites More sharing options...
JohanC Posted February 4, 2016 Share I just got a new 2016 Giant trance 2, bought it for R29800. I asked Santam how much it would be insure it and they got back to me for R189 per month? Is this about par? Or would you suggest I shop around and get another quote and pit insurers against each other and try reduce it? Who else should I try? You don't have k@k with Santam at claim stage. That old saying "If you pay peanuts, you get monkey's".... HBO 1 Link to comment Share on other sites More sharing options...
_freak_ Posted February 4, 2016 Share this is what im getting at Alexander Forbes Pedal Cycles * Giant Ladies Specific R10,000 @ R73.15 * Giant Mens Dual Suspension Pedal Cycle R36,000 @ R210.66 Link to comment Share on other sites More sharing options...
Help.Me. Posted February 4, 2016 Share Wow!! this is quite good rates. Maybe you should come and teach me some of your negotiation skills. + 1 !!! who is the underwriter/insurer? Link to comment Share on other sites More sharing options...
Patchelicious Posted February 4, 2016 Share As a guideline... most premiuns for this risk type are around the 4%-5% PA mark. So a R50k bike should be around (R50 000 x 5% /12) = R208 per month. Thats just a very rough guidline, obvioudly stuff like risk profile, location, cover type etc etc etc (many other factors) contribute too. If you are paying much less, ask yourself why and if you are paying a lot more, try and understand why. Edited February 4, 2016 by Patchelicious raptor-22 1 Link to comment Share on other sites More sharing options...
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