A bike to replace MrNyati's stolen Scott?

[117]

The bike is insured for replacement value at R8 500 and its R73.50 a month based on the residential address. 

So with all things being equal that insurance companies take their usual annual increases, it'll work out to about 80 bucks per month. 

Like Andrew said, we'll keep it on my policy for simplicity. 

If anyone can insure it cheaper, then let me know and we can transfer the details to the next insurance group. 

 

[Koos Likkewaan]

I am in for R 200. Let me know where to send it.

[Andrew Steer]

Thanks everyone, I think that has it all covered... I'll collect the funds and then transfer to Martin once it's all in. No big rush, we have some time...

[BigDL]

9 hours ago, 117 said:

The bike is insured for replacement value at R8 500 and its R73.50 a month based on the residential address. 

So with all things being equal that insurance companies take their usual annual increases, it'll work out to about 80 bucks per month. 

Like Andrew said, we'll keep it on my policy for simplicity. 

If anyone can insure it cheaper, then let me know and we can transfer the details to the next insurance group. 

 

I’m happy to cover the whole amount for the year or a part thereof if it’s not too late 

Edited January 18, 2022 by BigDL

[Andrew Steer]

8 hours ago, BigDL said:

I’m happy to cover the whole amount for the year or a part thereof if it’s not too late 

Thanks BidDL, we are sorted for the year ahead though - can maybe revisit this again down the line depending on how things go...

[Andrew Steer]

Thanks everyone for their contributions, insurance money for the year ahead transferred to Martin, so we can sleep well knowing Ricky's bike is safe until March next year 

[117]

Topic revival: 

The anniversary for the insurance renewal is coming up now at the end of March. I am in a process of reducing my footprint and reliance on insurance companies and by such, I will not be renewing the insurance on the bike for Mr Nyati again after the end of this month. 

Is there anyone that wants to take over the responsibility of the costs onto their policy? Or, is it time to accept that the bike is no longer new anymore and might not be worth it to insure any longer (ie: a replacement if stolen could be better sourced)

@Andrew Steer can give the additional details if needed

 

Thanks guys