Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Racers...bike insurance?

  • 10-02-2013 9:12pm
    #1
    ericzeking
    Registered Users, Registered Users 2 Posts: 1,662 ✭✭✭


    Just wondering what peoples views are on the above? I'm planning on racing a4 this year... Can't really be taking circa 2grands worth of a hit of a Sunday morning, in the event of a spill,which I believe are quite common in a4. Do people use cyclesure?
    Thanks in advance


Comments

  • #2
    Beasty
    Administrators, Social & Fun Moderators, Sports Moderators Posts: 78,393 Admin ✭✭✭✭✭Beasty


    I would never insure against crash risk. I would imagine it's very expensive given the risks the insurer would assume. I would also guess there would be quite a high excess.

    Bear in mind that even if you do crash, the chances are you will suffer more damage than the bike! It's highly unlikely you won't have any salvageable parts, and therefore it's unlikely that you would lose the full value of the bike

    Maybe you should think about a cheaper bike for racing if replacement is such a concern. You may find a half-decent second hand racer is not that much more than the insurance premium plus excess. You are of course already covered for third party risks with some personal injury and medical cover via the CI insurance that comes with your racing licence


  • #3
    CramCycle
    Moderators, Sports Moderators Posts: 25,531 Mod ✭✭✭✭CramCycle


    Similar to Beasty, exclude the excess, put the cost of the insurance (about 250euro/year) into a savings account. You'll have a lovely new bike in a few years (do not use it for parts upgrades that you would have gotten anyway).

    There aren't that many bad crashes in A4 are there, statistically (ie if your a gambler) it's a better bet IMO.


  • #4
    Beasty
    Administrators, Social & Fun Moderators, Sports Moderators Posts: 78,393 Admin ✭✭✭✭✭Beasty


    Statistically you should always be better off without insurance (assuming the insurance company gets its sums right) - you are not only paying for the "risk" but the insurance company overheads (including the increasing cost of fraudulent claims) and profits. Personally I only insure risks I am legally obliged to (eg motor and buildings as a result of mortgage conditions) and those which cover potentially catastophic risk (eg contents). That way I keep the insurance company profits and as I consider myself generally careful my incidence of "potentially insurable events" is probably a bit lower than average.


Advertisement