Can you get insurance to protect from theft?

Cianos

Was just having a disagreement with some friends. They were saying you cant get a bike insured to cover theft. Is this true? Can you get a policy to cover it or do you have to put it under house insurance or something like that?

Cheers

Steffano2002

Of course you can! That's why you have something called "Third Party Fire & Theft" which is automatically included in the "Fully Comp" insurance.

Idleater

Cianos wrote:

Was just having a disagreement with some friends. They were saying you cant get a bike insured to cover theft. Is this true? Can you get a policy to cover it or do you have to put it under house insurance or something like that?

Cheers

They are correct.
Bicycles up to a certain declared value can be covered by house insurance all right.

Bicycles over a certain value, need a seperate insurance policy.

And, as Stefano points out, motorbikes, like cars, can get Fully Comp, and TPFT cover.

L.

Cianos

No matter what the value of the bike, is it possible to get it insured from theft on its own policy?

Noelie

when I first got my insurance I was told they'd only cover it Third Party as there was no imobilizer on it and that I didn't keep it in a garage at night. This was with CN

Idleater

Cianos wrote:

No matter what the value of the bike, is it possible to get it insured from theft on its own policy?

YES.

Why wouldn't it.

Having said that though, insuring a 1098 tricolore, with no alarm, no garage, and blatantly telling the insurer that you have "on occasion" left the keys in the ignition will result in quite a high premium, which may put it outside the viability of the average person.

i.e. bike costs €28k, insurance costs €27k.

Still insured against theft. Viable? No.

L.

sutty

nereid wrote:

YES.

Why wouldn't it.

Having said that though, insuring a 1098 tricolore, with no alarm, no garage, and blatantly telling the insurer that you have "on occasion" left the keys in the ignition will result in quite a high premium, which may put it outside the viability of the average person.

i.e. bike costs €28k, insurance costs €27k.

Still insured against theft. Viable? No.

L.

The 1098s (all the extras) costs €22,000 odd, not €28,000 So if the tri colour costs 28,000. Some dumbas is paying 6,000 for a paint job of the Italian flag :rolleyes:

Idleater

sutty wrote:

The 1098s (all the extras) costs €22,000 odd, not €28,000 So if the tri colour costs 28,000. Some dumbas is paying 6,000 for a paint job of the Italian flag :rolleyes:

I was completely guessing at prices, and now that you mention it, I googled and found $ prices which convert pretty much to my figures

See Here.
Ducati Tricolore S $24995.

Add our larger VAT and then VRT on top of that and I am not far out.



Still you are correct, it is a lot of money for a paint job, some carbon fibre, titanium and some italian to take a hacksaw to a bike.

And I probably wasn't that far out in the insurance figure either for Cianos or his mates.

L.

chasm

Steffano2002 wrote:

...."Third Party Fire & Theft" which is automatically included in the "Fully Comp" insurance.

I thought that when i took out my policy with aon last year. When i looked through the policy schedule later i found "endorsements numbered:5801" written on it. I looked it up in the policy document manual that they also sent me and it states "It is a condition of the policy that in respect of the theft or attempted theft of the motorcycle specified in the schedule, cover will only operate if an alarm and/or immobiliser is fitted to the motorcycle"

I was pretty annoyed about this as i had been in contact with aon through email a few times prior to taking out the policy
and i had told them that i had no alarm, yet it was ok for them to take my cash for comprehensive cover! The gits! Decided not to pay by monthly DD as well as they expect you to pay a deposit but finance the full amount of the policy-so you pay interest on the deposit you've already given them as well!!

reynolg

I had my CB 500 stolen a month ago and (then) discovered CN's TPFT cover only covered my bike if it was stolen from somewhere (anywhere) other than the underground carpark where I live. (I moved since taking the policy out originally, so my fault, I suppose)
Before buying another bike I confirmed with them that they would provide cover - but only if the bike was secured with an approved chain to a ground anchor in a secure locked-up area of the underground carpark and then they would only cover "certain" bikes (all others require an alarm or immobaliser or both) - I had to short-list a few bikes and then they told me the premium and whether or not TPFT would apply.

The moral of the story: You can certainly get Third Party Fire and Theft on a bike, but you had better select a bike, give the insurer a call, state all your particular details (and the bike's) and bend over.