To fully comp, or to not fully comp - that is the question
Discussion
Wacky Racer said:
Do you really need to ask????
The difference in cost is infitessimal compared to the cost of a replacement bike if you prang it.
Don't even think about it.
Agreed. Although the cost to claim will be high in the long run it'll be really painful to pay for a big fix yourself.The difference in cost is infitessimal compared to the cost of a replacement bike if you prang it.
Don't even think about it.
Well pay an extra £150 for the peace of mind.
Seems a no brainer to me.
Just how do you expect to repair/replace a 7k bike when you drop it/throw it down the road?
That £150 will seem like a bargain then.
Seems a no brainer to me.
Just how do you expect to repair/replace a 7k bike when you drop it/throw it down the road?
That £150 will seem like a bargain then.
Edited by f13ldy on Wednesday 15th October 19:20
Edited by f13ldy on Wednesday 15th October 19:20
I went fully comp on my bike, cbr600rr 04 which i bought for £4250, crashed it about a month in and it cost the insurance £2100 to fix, i have now crashed it again after having it back for another 3 weeks, looks like it will be a write off or a very large bill. Fully comp it, you know it makes sense.
and just cause i can, a pic of the tank after my second off.
and just cause i can, a pic of the tank after my second off.
Edited by spunky-mon on Wednesday 15th October 19:41
ks than the state of the tank after that 
The ONLY thing that fully comp covers which TPFT does not cover is damage to your bike that is your fault (or is the fault of an uninsured person). But, if you claim for damage you have done, you have to pay the excess, you will lose your NCD on this policy, may lose part or all of your NCD on any other car or bike policies you have and WILL receive a loading on ALL motor insurance policies (car ad bike) for anything between 1 and 5 years.
If, like me, you have a number of motor policies then you have to add up if the potential loss of NCD and loading on all of these policies is actually worth the amount of money you would lose if the bike were written off. As always, it’s a gamble.
I have never (in 30 years of riding 28 years of driving) had a fully comp policy where there has been the option of TPFT. The money I have saved over the years, if invested, would have likely paid to replace every vehicle in my garage and left me enough to buy a 1098R! For me the TPFT gamble has definitely paid off.
If, like me, you have a number of motor policies then you have to add up if the potential loss of NCD and loading on all of these policies is actually worth the amount of money you would lose if the bike were written off. As always, it’s a gamble.
I have never (in 30 years of riding 28 years of driving) had a fully comp policy where there has been the option of TPFT. The money I have saved over the years, if invested, would have likely paid to replace every vehicle in my garage and left me enough to buy a 1098R! For me the TPFT gamble has definitely paid off.
RacerMDR said:
ok the bike is a new 2008 R6 (black)
Fully comp is 392 with 500 voluntary excess
TPFT is 254 with 500 voluntary excess
both quotes from Bennetts -
Ebike quoted 565 fully compy - didn't bother getting tpft.........
thoughts?
My first expensive bike was a Kawa 1300, in 1985. I paid £2000 for it, plus a tidy Kawa 750 in part-ex. Fully comp is 392 with 500 voluntary excess
TPFT is 254 with 500 voluntary excess
both quotes from Bennetts -
Ebike quoted 565 fully compy - didn't bother getting tpft.........
thoughts?
I took TPFT insurance, as it was half the price of fully comp, and I fell off the bike a week later, wrote it off.........
black-k1 said:
The ONLY thing that fully comp covers which TPFT does not cover is damage to your bike that is your fault (or is the fault of an uninsured person). But, if you claim for damage you have done, you have to pay the excess, you will lose your NCD on this policy, may lose part or all of your NCD on any other car or bike policies you have and WILL receive a loading on ALL motor insurance policies (car ad bike) for anything between 1 and 5 years.
If, like me, you have a number of motor policies then you have to add up if the potential loss of NCD and loading on all of these policies is actually worth the amount of money you would lose if the bike were written off. As always, it’s a gamble.
I have never (in 30 years of riding 28 years of driving) had a fully comp policy where there has been the option of TPFT. The money I have saved over the years, if invested, would have likely paid to replace every vehicle in my garage and left me enough to buy a 1098R! For me the TPFT gamble has definitely paid off.
very true...depends on how much the individual is willing to accept what he/she MAY lose, if you can easily find another 7-8k then it MAY be worth the risk, personally if I wrote off my bike myself or had to fight a case for damages and lost and I was only TPFT I couldnt afford to ride again for a couple of years.Theres plenty of people out there still paying loans for vehicles they've written off themselves and only on TPFT..If, like me, you have a number of motor policies then you have to add up if the potential loss of NCD and loading on all of these policies is actually worth the amount of money you would lose if the bike were written off. As always, it’s a gamble.
I have never (in 30 years of riding 28 years of driving) had a fully comp policy where there has been the option of TPFT. The money I have saved over the years, if invested, would have likely paid to replace every vehicle in my garage and left me enough to buy a 1098R! For me the TPFT gamble has definitely paid off.
You do usually get a few more extras with a fully comp isurance as well though, you wont pay for recovery costs and you should be entitled to a loan vehicle etc.
being the unlucky sod I am the ONLY year, back in 1992 when Norwich Union effectively pulled out of the big bike /younger riders insurance market, I downsized and bought a smaller cc bike, an NS400, I lowsided it within an hour of picking it up on a roundabout in Milton Keynes, for me a lesson learnt the hard way.
With a brand new bike, in my mind, as others have said its a no brainer, it doesnt take much to cause thousands of ££ to damage a bike,even if it falls off its stand.
black-k1 said:
may lose part or all of your NCD on any other car or bike policies you have
Under no circumstances can an insurer reduce NCD on a policy that is not attached to the claim, only the active policy can have the NCD reduced or removed, unless you have it protected, in which case you get a loading or rduction n discretionary discounts.I went TPFT last year as I was skint at the time. Fully comp was another £200 on top so instead I plumped for the cheaper option. Hit a tree earlier this year, my own fault. A £2500 SV650s ended up making £1300 after all of the added bits were sold separately. The bike itself made £750.
A lesson learnt the hard way. Dont scrimp on insurance. If you do, it might just bite you on the arse.
A lesson learnt the hard way. Dont scrimp on insurance. If you do, it might just bite you on the arse.
..... ok
take my example,
TPFT is £299, no benifits just if it gets nicked, burned or to cover the cost of the other persons car.
Fully Comp is £377 + 250xs, it covers everything TPFT does aswell as break downs, puncture repair, if someone smashed something on it trying to nick it, an extra fee for helmet and leather covers + £100,000 legal cover + insurance incase i come off and are disabled they pay out a rather large settlment, AND incase i slide off on a patch of oil or ice or basically crash it for reasons down to me.
take my example,
TPFT is £299, no benifits just if it gets nicked, burned or to cover the cost of the other persons car.
Fully Comp is £377 + 250xs, it covers everything TPFT does aswell as break downs, puncture repair, if someone smashed something on it trying to nick it, an extra fee for helmet and leather covers + £100,000 legal cover + insurance incase i come off and are disabled they pay out a rather large settlment, AND incase i slide off on a patch of oil or ice or basically crash it for reasons down to me.
dibblecorse said:
black-k1 said:
may lose part or all of your NCD on any other car or bike policies you have
Under no circumstances can an insurer reduce NCD on a policy that is not attached to the claim, only the active policy can have the NCD reduced or removed, unless you have it protected, in which case you get a loading or rduction n discretionary discounts.What happened when I crashed my 205 some years ago was this... essentially the no claims discount was protected on my car. So my my no claims discount remained the same. However, because I'd made a claim on my car insurance the perceived risk I presented went up so so did my car insurance premium, my bike insurance premium and my wife's insurance premium on which I was a named driver. However, once all these had been calculated the same no claims discount as before was applied.
As an example, say my discount was 40% and my original pre-discount premium was 600 quid. I therefore pay 600 - 40% which is 360. After the accident my premium (calculated on risk) is now 900 quid. My no claims is protected so I pay 900 - 40% which is 540. If I hadn't protected my no claims and it had gone down to 20% (I don't know what actually happens but this is just an illustration) I would pay 900 - 20% which is 720. As a net result your premium will go up after a claim if the additional risks perceived are now higher than they were regardless of whether you protect your no claims. However, if you don't then they'll go up more.
I always pay for fully comp as at my age (39) the difference always seems minimal and I never protect my no claims as the cost of doing so always seems to outweigh the benefits. Obviously the smaller the premiums then the smaller the amounts the no claims protection percentage actually represents.
I would be very hesitant to claim again as claiming on my car insurance put up the bike insurance and both car insurances for about 5 years but still pay for fully comp because while I can afford to simply pay for costs up to a point replacing a whole bike or car would leave me short.
Cheers,
Mark
As an example, say my discount was 40% and my original pre-discount premium was 600 quid. I therefore pay 600 - 40% which is 360. After the accident my premium (calculated on risk) is now 900 quid. My no claims is protected so I pay 900 - 40% which is 540. If I hadn't protected my no claims and it had gone down to 20% (I don't know what actually happens but this is just an illustration) I would pay 900 - 20% which is 720. As a net result your premium will go up after a claim if the additional risks perceived are now higher than they were regardless of whether you protect your no claims. However, if you don't then they'll go up more.
I always pay for fully comp as at my age (39) the difference always seems minimal and I never protect my no claims as the cost of doing so always seems to outweigh the benefits. Obviously the smaller the premiums then the smaller the amounts the no claims protection percentage actually represents.
I would be very hesitant to claim again as claiming on my car insurance put up the bike insurance and both car insurances for about 5 years but still pay for fully comp because while I can afford to simply pay for costs up to a point replacing a whole bike or car would leave me short.
Cheers,
Mark
black-k1 said:
The ONLY thing that fully comp covers which TPFT does not cover is damage to your bike that is your fault (or is the fault of an uninsured person). But, if you claim for damage you have done, you have to pay the excess, you will lose your NCD on this policy, may lose part or all of your NCD on any other car or bike policies you have and WILL receive a loading on ALL motor insurance policies (car ad bike) for anything between 1 and 5 years.
If, like me, you have a number of motor policies then you have to add up if the potential loss of NCD and loading on all of these policies is actually worth the amount of money you would lose if the bike were written off. As always, it’s a gamble.
I have never (in 30 years of riding 28 years of driving) had a fully comp policy where there has been the option of TPFT. The money I have saved over the years, if invested, would have likely paid to replace every vehicle in my garage and left me enough to buy a 1098R! For me the TPFT gamble has definitely paid off.
+1If, like me, you have a number of motor policies then you have to add up if the potential loss of NCD and loading on all of these policies is actually worth the amount of money you would lose if the bike were written off. As always, it’s a gamble.
I have never (in 30 years of riding 28 years of driving) had a fully comp policy where there has been the option of TPFT. The money I have saved over the years, if invested, would have likely paid to replace every vehicle in my garage and left me enough to buy a 1098R! For me the TPFT gamble has definitely paid off.
surfsofa said:
black-k1 said:
The ONLY thing that fully comp covers which TPFT does not cover is damage to your bike that is your fault (or is the fault of an uninsured person). But, if you claim for damage you have done, you have to pay the excess, you will lose your NCD on this policy, may lose part or all of your NCD on any other car or bike policies you have and WILL receive a loading on ALL motor insurance policies (car ad bike) for anything between 1 and 5 years.
If, like me, you have a number of motor policies then you have to add up if the potential loss of NCD and loading on all of these policies is actually worth the amount of money you would lose if the bike were written off. As always, it’s a gamble.
I have never (in 30 years of riding 28 years of driving) had a fully comp policy where there has been the option of TPFT. The money I have saved over the years, if invested, would have likely paid to replace every vehicle in my garage and left me enough to buy a 1098R! For me the TPFT gamble has definitely paid off.
+1If, like me, you have a number of motor policies then you have to add up if the potential loss of NCD and loading on all of these policies is actually worth the amount of money you would lose if the bike were written off. As always, it’s a gamble.
I have never (in 30 years of riding 28 years of driving) had a fully comp policy where there has been the option of TPFT. The money I have saved over the years, if invested, would have likely paid to replace every vehicle in my garage and left me enough to buy a 1098R! For me the TPFT gamble has definitely paid off.
And PLEASE try to avoid Bennetts!
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