matthewproctor Posted January 5, 2017 Posted January 5, 2017 I'm currently insured with Discovery (don't think there cover is good and excess is ridiculous). Went to the CycleSure site and enquired re coverage (R56k bike - 2016 specialized camber comp carbon) with R10k worth of extras. Monthly premium R432? Is that really the going rate for all risk cover on a 56k bike?
ZakAttak Posted January 5, 2017 Posted January 5, 2017 Yep, sounds about right.... high risk machine in South Africa, Thanx to the affirmative shoppers that keep helping themselves....
WR 1.0 Posted January 5, 2017 Posted January 5, 2017 Also did a quote this week to compare with my current policy. CS was about R200 more expensive and includes an excess whereas I currently have no excess. Also requested a quote through the BikeLife guys but they're only back in the office next week.
BaGearA Posted January 5, 2017 Posted January 5, 2017 I'm paying R472 for R45k bike and I fear I may need to push that up to 50k with the recent upgrades i did.
Eveza Posted January 5, 2017 Posted January 5, 2017 Outsurance wanted to charge me R1100 for a R65k bike without accessories and a huge access payment. Totally ridiculous. I am insured with Cyclesure and if you compare apples with apples, no one can beat what they offer and their service and efficiency is top notch when it comes to claims.
Omlette Posted January 5, 2017 Posted January 5, 2017 Paying R86 a month on my 35k bike, R40 on my wife's 15k bike an R30 odd on our kids 2 bikes through our insurer. covers theft, damages, transportation, racing....
ZakAttak Posted January 5, 2017 Posted January 5, 2017 I'm paying around R120/m for a R30k bike, R2500 excess... Along with household and car insurance, etc....
Eugene Posted January 5, 2017 Posted January 5, 2017 I'm with Alexander Forbes and am paying R63 PM for a R25 000 road bike.
Snow Posted January 5, 2017 Posted January 5, 2017 Paying R86 a month on my 35k bike, R40 on my wife's 15k bike an R30 odd on our kids 2 bikes through our insurer. covers theft, damages, transportation, racing....Omelette, who are u with?I had a recent discussion with my insurer: bikes that had been insured for longer enjoyed better rates. In other words a newer biker (year) for a lesser value had a higher monthly premium. Go figure. Argued. Came down a tad. (cycle sure)
Snow Posted January 5, 2017 Posted January 5, 2017 2014 Giant Anthem Advanced 29 (have some Hope components) R85k ='R213 p/m (previously insured)Giant Trance Adv 27.5 R60k = R289 p/m (new addition)Santa Cruz Tallboy 2014 2C XTR components R125k = R377 p/m (new addition)
Runbikeswim Posted January 5, 2017 Posted January 5, 2017 I'm paying around R120/m for a R30k bike, R2500 excess... Along with household and car insurance, etc....Company? Sent from my iPhone using Tapatalk
matthewproctor Posted January 5, 2017 Author Posted January 5, 2017 2014 Giant Anthem Advanced 29 (have some Hope components) R85k ='R213 p/m (previously insured)Giant Trance Adv 27.5 R60k = R289 p/m (new addition)Santa Cruz Tallboy 2014 2C XTR components R125k = R377 p/m (new addition) Who is this with Snow?
Omlette Posted January 5, 2017 Posted January 5, 2017 Omelette, who are u with?I had a recent discussion with my insurer: bikes that had been insured for longer enjoyed better rates. In other words a newer biker (year) for a lesser value had a higher monthly premium. Go figure. Argued. Came down a tad. (cycle sure)We with Alexander Forbes
Omlette Posted January 5, 2017 Posted January 5, 2017 Outsurance wanted to charge me R1100 for a R65k bike without accessories and a huge access payment. Totally ridiculous. I am insured with Cyclesure and if you compare apples with apples, no one can beat what they offer and their service and efficiency is top notch when it comes to claims.Outsurance is craaaazy with their pricing, got a quote from them on our household, house, vehicles and bikes. was insane, at least I got the R400
ZakAttak Posted January 5, 2017 Posted January 5, 2017 Company? Sent from my iPhone using TapatalkAlexander Forbes
Grease_Monkey Posted January 6, 2017 Posted January 6, 2017 Just keep in mind many companies do carbon repairs (such as Miway, even when the professional opinion is that the frame must be replaced - many threads on this). Cyclesure does not do repairs at all, even when it can be fixed, they replace your frame. So for that I am willing to pay a little more...
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