Patchelicious Posted September 12, 2016 Posted September 12, 2016 Thats a cheap one by the insurance company, lets see, have your wheels stolen of the bike, damage say R18k, sorry but you have to cough up the first R10k yourself. I look at the premium we pay, have to pay, have to swallow and then get sick at all the small print they add to reduce what they have to pay out. GHi, With much respect, your statment is not exactly accurate. You dont HAVE to do anything. Their "small" print is your policy schedule and the least you can do is make sure that you agree with the cover terms. If you want lower excesses, then tell them, but it will mean an adjusted premium. Insurer profitability is very closely monitored and the FSB will be all over them if they were "trying to screw" the consumers. TCF is a huge thing at the moment. The insurance industry is one of the most mature, pricing is a super competitive. If one compnay is trying to screw clients, other insurers will just take that market.... Educate yourself on your contract with the insurer, or ask a broker.If you dont like their terms, find another, if you dont like any of their rates, then self insure.... or dont insure. Lots of options.
awesme Posted September 12, 2016 Posted September 12, 2016 I just think we pay allot for insurance generally and the small print excess we get slapped with "oder the guise, you either pay more or accept this" is eina. One side you pay through your @ss for a 0 excess, the other side is all exclusions or rules that end with excess which increased if this happened or that happened. a R10k excess rule, dammmit, eina. but then, we don't have a choice so we generally bend over and pay, and pray we never have to use it, or end arguing with insurance company when we have a claim and early get anything out, after having paid a scary amount every month for 3-4-5 yrs. G Hi, With much respect, your statment is not exactly accurate. You dont HAVE to do anything. Their "small" print is your policy schedule and the least you can do is make sure that you agree with the cover terms. If you want lower excesses, then tell them, but it will mean an adjusted premium. Insurer profitability is very closely monitored and the FSB will be all over them if they were "trying to screw" the consumers. TCF is a huge thing at the moment. The insurance industry is one of the most mature, pricing is a super competitive. If one compnay is trying to screw clients, other insurers will just take that market.... Educate yourself on your contract with the insurer, or ask a broker.If you dont like their terms, find another, if you dont like any of their rates, then self insure.... or dont insure. Lots of options.
awesme Posted September 12, 2016 Posted September 12, 2016 to put premium into perspective. I pay for my one bike the same amount I pay for my wives car which is insured for 3x more. How can we not cry. G
Bub Marley Posted September 13, 2016 Posted September 13, 2016 Talk to a broker. Sent from my iPhone using Tapatalk Pro
Help.Me. Posted September 14, 2016 Posted September 14, 2016 Educate yourself on your contract with the insurer, or ask a broker.If you dont like their terms, find another, if you dont like any of their rates, then self insure.... or dont insure. Lots of options. This is the best advice for you Awesme....
Help.Me. Posted September 14, 2016 Posted September 14, 2016 That's HALF of what my broker quoted me. Thanks.Who is your Insurer?
Pure Savage Posted September 22, 2016 Posted September 22, 2016 I am with one of the insurers mentioned above, was paying R220 for R50K, with a R5K excess. Now had a crash and cracked a carbon frame which has a lifetime warranty and they want to repair it and give me a 1 year warranty, then after that nothing. I have never had to jump through so many hoops...
WR 1.0 Posted September 22, 2016 Posted September 22, 2016 I am with one of the insurers mentioned above, was paying R220 for R50K, with a R5K excess. Now had a crash and cracked a carbon frame which has a lifetime warranty and they want to repair it and give me a 1 year warranty, then after that nothing. I have never had to jump through so many hoops... Hellopeter Disco. You can ask them if they are willing to guarantee your life based on the repairs from their chosen supplier (similar to what happened on the OUT claim a while back) You can probably also argue that If they are now offering you a one year guarantee, you are not in the same position as you were prior to the loss (lifetime guarantee). - the last one might be a long shot......
NukeproofPeanut Posted September 22, 2016 Posted September 22, 2016 MiWay: R220p/m on 2 bikes, combined value R60k and R400 excess on each.
Pure Savage Posted September 22, 2016 Posted September 22, 2016 Hellopeter Disco. You can ask them if they are willing to guarantee your life based on the repairs from their chosen supplier (similar to what happened on the OUT claim a while back) You can probably also argue that If they are now offering you a one year guarantee, you are not in the same position as you were prior to the loss (lifetime guarantee). - the last one might be a long shot...... I have made it very clear they need to make a plan because I will not accept the risk of the repair failing while riding.
Hamstring Posted September 22, 2016 Posted September 22, 2016 My wife had a fall at Joberg2C and the rear triangle got scratched, submitted the quote for a new triangle to Galilao Risk as Rocky Mountain will not cover the warranty if re-sprayed 4 day latter R15000.00 deposited.
Spoke101 Posted September 22, 2016 Posted September 22, 2016 I have made it very clear they need to make a plan because I will not accept the risk of the repair failing while riding. Do your self a favor and get a quote from Compenduim Edit: I have had 2 payout this year and even an upgrade due to non comparability.Also found they have the best package and it help that all the big wigs also ride bikes Our cover includes a wide range of extended benefits:• All risk cover• Whilst in use and during racing & events• Worldwide cover• Accessories• Medical evacuation• Personal accident• Personal liability• Legal costs
Pure Savage Posted September 22, 2016 Posted September 22, 2016 Do your self a favor and get a quote from Compenduim Edit: I have had 2 payout this year and even an upgrade due to non comparability.Also found they have the best package and it help that all the big wigs also ride bikes Our cover includes a wide range of extended benefits:• All risk cover• Whilst in use and during racing & events• Worldwide cover• Accessories• Medical evacuation• Personal accident• Personal liability• Legal costs Once this fiasco is complete I will be moving and will give them a shout. Shame, my broker is really battling with disco on this one. But a 4 hour exercise has turned into a 2 week marathon filled with hurdles. Today I was so desperate I rode my MTB on the road :0
Patchelicious Posted September 22, 2016 Posted September 22, 2016 Once this fiasco is complete I will be moving and will give them a shout. Shame, my broker is really battling with disco on this one. But a 4 hour exercise has turned into a 2 week marathon filled with hurdles. Today I was so desperate I rode my MTB on the road :0I'll be riding a broom stick up and down Chappies tomorrow morning, come join, might just cheer you up! We can flip the bird at all the roadies and pretend that our legs are hairy! Yaysies!
nonky Posted September 22, 2016 Posted September 22, 2016 Who is your Insurer? Not sure, to be honest. Think it's Santam.
Pure Savage Posted September 22, 2016 Posted September 22, 2016 I'll be riding a broom stick up and down Chappies tomorrow morning, come join, might just cheer you up! We can flip the bird at all the roadies and pretend that our legs are hairy! Yaysies!What time? Also, dressed in full black? Sent from my iPhone using Tapatalk
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