TPFT or Comp

[YZF600R]

What level of insurance do you have?

I'm being quoted £268 TPFT and £484 FC for my '98 Cat. Both with £400 Excess.

This is with "Just Motorcycle Insurance" who I have never heard of before.

[Carl-H]

I have TPFT but thats because I'm young and FC is too much. My Dad has always had TPFT because that way if he bins it he has to fix it so it stops him taking more risks.

[steven182]

Carl-H said:

I have TPFT but thats because I'm young and FC is too much. My Dad has always had TPFT because that way if he bins it he has to fix it so it stops him taking more risks.

wierd way too look at things.

anyway, I will TPFT for me as I'm young. probably go comp on something "nice"

[RemaL]

never got a quote for TPFT. only ever fully comp after passing my DAS and getting the Fazer. even with just 1 NCB on a new Speed triple it was not too bad.

[lawrence567]

If you can afford it go FC!

[jon-]

FC as the bike is worth around 5500 I couldn't consider chucking that much money away. If I drop it I've spare bodywork etc so probably won't ever use it, it's just there for total loss.

Cost me 800.

[Brite spark]

YZF600R said:

What level of insurance do you have?

I'm being quoted £268 TPFT and £484 FC for my '98 Cat. Both with £400 Excess.

This is with "Just Motorcycle Insurance" who I have never heard of before.

£216 extra for fully comp, comes down to wether you think that's a fair price for the piece of mind that fully comp gives you

[Carl-H]

steven182 said:

Carl-H said:

I have TPFT but thats because I'm young and FC is too much. My Dad has always had TPFT because that way if he bins it he has to fix it so it stops him taking more risks.

wierd way too look at things.

anyway, I will TPFT for me as I'm young. probably go comp on something "nice"

Why is it wierd? At least that way hes not going to think sod it because I've got FC so it doesnt matter if he crashes.

[black-k1]

The protection that fully comp gives you over TPF&T is for damage you do to your bike. If you were to make a claim, you would have to pay the first £400. If you had the TPF&T policy, you would also have £216 ‘in your pocket’ towards the repairs so any damage would have to cost at least £616 before the fully comp policy even starts to appear as a better option. Add to that the fact that such a claim would also cause some degree of loading on any other vehicle policies you may have and a loss of no claims on the bike policy for next year and the reality is that you will need to do over about £1000 of damage to your bike under the TPF&T policy before the fully comp policy becomes a better bet. If you con do repairs yourself then that would be almost £2000 worth of damage.

What you have to ask is ‘how likely am I to do over £1000 damage to my own bike in the next year’?

[Busamav]

whats the value of the Cat .

if the bikes only worth 2k then i wouldnt be bothering with full comp

[YZF600R]

Busamav said:

whats the value of the Cat .

if the bikes only worth 2k then i wouldnt be bothering with full comp

Somewhere between £1.5 and £2k.

I think I'll go TPFT, I have other policies elsewhere so would be unlikely to claim anyway, especially with the £400 excess.

Worst case I throw it down the road and total the bike I'll have to swallow the £1.5k loss.

[Carl-H]

I think with the bike being worth that much TPFT is best. If you do ruin it it will still be worth a few hundred in bits or as spare or repair. To do enough damage to start bending frames etc I think you would probably need to hit a car and then hopefully it would be the cars fault so you would get a bike anyway.