Patchelicious Posted February 10, 2016 Posted February 10, 2016 Give King Price a call. Bike insurance for UP TO R50k = R1For every car you insure with them you can add 1 x Bicycle to the value of R50k for a R1 premium. http://www.kingprice.co.za/One-Rand-Insurance.aspxIf you can afford a R50k bike you are probably earning ok, meaning you probably have more than 2 brain cells. So use them.
HBO Posted February 10, 2016 Posted February 10, 2016 If you can afford a R50k bike you are probably earning ok, meaning you probably have more than 2 brain cells. So use them. I wanted to said something similar, but thought that it may be a bit unprofessional due to my bias. But you can say it as it is, and you do.(hehe) Sometimes, something's need to be said blunt.
reactor_sa Posted February 10, 2016 Posted February 10, 2016 If you can afford a R50k bike you are probably earning ok, meaning you probably have more than 2 brain cells. So use them.But sometimes the richest are the stingiest That's how they became the richest
Tony datoy Posted February 10, 2016 Posted February 10, 2016 Alexander Forbes29" Giant Trance for R35 600.00 premium R99.5526" Merida One Twenty XT for R20 000.00 premium R55.92
Spoke101 Posted February 10, 2016 Posted February 10, 2016 Interesting, previous people were warning each other to stay away from Outsurance. What became of the guys in Durban, their prices were good, but looking deeper into their policy their excess and the way it was calculated was scary. G If you are thinking of iCycle they were bought out by Compendium.
awesme Posted February 10, 2016 Posted February 10, 2016 Does someone have contact details for them now? G If you are thinking of iCycle they were bought out by Compendium.
Spoke101 Posted February 10, 2016 Posted February 10, 2016 Does someone have contact details for them now? GAllison NaickerAllison@cig.co.za031 242 6800
awesme Posted February 11, 2016 Posted February 11, 2016 Shocked.... Are people aware... First 10% or min R (amount per claim amount) is your excess. consider in todays age, of no foul of your own, bikes are stolen, criminals already took advantage of you, stole say your wife' and your bike, combined insured value, easily R100 000+ (at time of purchase). Now the insurance company is will only pay at max R90 000, first 10% is your problem...Now bikes are getting more expensive, so a year later you will easily have a replacement value of R120 000, taking prices increased and the Rand/$ seeing it's ass... Leaving you R30k short. Read, Understand those Annexe's, those Excess amounts, and work out what it actually means. G Allison NaickerAllison@cig.co.za031 242 6800
Spoke101 Posted February 11, 2016 Posted February 11, 2016 Shocked.... Are people aware... First 10% or min R (amount per claim amount) is your excess. consider in todays age, of no foul of your own, bikes are stolen, criminals already took advantage of you, stole say your wife' and your bike, combined insured value, easily R100 000+ (at time of purchase). Now the insurance company is will only pay at max R90 000, first 10% is your problem...Now bikes are getting more expensive, so a year later you will easily have a replacement value of R120 000, taking prices increased and the Rand/$ seeing it's ass... Leaving you R30k short. Read, Understand those Annexe's, those Excess amounts, and work out what it actually means. GI've done my home work and I definitely wont be caught short. Secondly I update my insured values once or twice a year depending on exchange rates.
Captain Fastbastard Mayhem Posted February 11, 2016 Posted February 11, 2016 Shocked.... Are people aware... First 10% or min R (amount per claim amount) is your excess. consider in todays age, of no foul of your own, bikes are stolen, criminals already took advantage of you, stole say your wife' and your bike, combined insured value, easily R100 000+ (at time of purchase). Now the insurance company is will only pay at max R90 000, first 10% is your problem...Now bikes are getting more expensive, so a year later you will easily have a replacement value of R120 000, taking prices increased and the Rand/$ seeing it's ass... Leaving you R30k short. Read, Understand those Annexe's, those Excess amounts, and work out what it actually means. G10% is a very high excess... Sometimes it's 5%, sometimes it's a fixed excess, sometimes it's capped. All depends on how you've structured your policy and the company you're dealing with.
awesme Posted February 11, 2016 Posted February 11, 2016 Be ready to be scared... iCycle... ExcessRoad Bikesup to R15k - 5% or min R500 15-30k - 5% or min R1000over 30k - 5% or min R1500 Mountain Bikesup to R15k - 10% or min R1000 15-30k - 10% or min R2000over 30k - 10% or min R3000 Theft/HighJack10% of claim- Please note that the theft/highjack excess is cumulative to the basic excess Pretty sure i won't be using this quote. G 10% is a very high excess... Sometimes it's 5%, sometimes it's a fixed excess, sometimes it's capped. All depends on how you've structured your policy and the company you're dealing with.
HBO Posted February 11, 2016 Posted February 11, 2016 That excesses does look a bit steep, especially for a MTB. 20% for theft is jags.
L46 Posted April 13, 2016 Posted April 13, 2016 Hi Guys, A lot of topics regarding bike insurance and other insurance for that matter, but I'm not going to read through them all. Which hub brokers can you recommend?
Patchelicious Posted April 13, 2016 Posted April 13, 2016 Hi Guys, A lot of topics regarding bike insurance and other insurance for that matter, but I'm not going to read through them all. Which hub brokers can you recommend?A FIA accredited broker who will listen to your needs before suggesting an Insurer. If people start telling you to go with an Insurer off the bat, tread with caution. Here is a search function: http://www.fia.org.za/EN/Content/SearchServiceProviders
leeubok Posted April 13, 2016 Posted April 13, 2016 I'm with A&G. Bike insured for 40k, paying about R270 a month. Seems from the above comments I could probably get it cheaper somewhere else. Will phone around for a few quotes. Strange thing with A&G they never asked for the make or model or any other info. Just the value. I've got it with my home content but as a specified portable possession.
Markellis Posted April 26, 2016 Posted April 26, 2016 Just received the below regarding Santam: Good day Sir Unfortunately does Santam not provide cover for your mountain bike only. Cover will only provide if there is house contents and a vehicle on the policy. Hope this is in order. Any brokers here that want some business please Pm me Cheers
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