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Leon (Grand Poobah) View all posts in this topic  
Tue May 27, 2003 5:43 pm
No Comp, no collision for me.        

I looked at the amount of money the insurance company wants for that coverage, made a guess as to how much money I might recover in comp/collision claims and how catastrophic the loss of the bike would be.

The most I can lose in any comp/collision claim is the price of the bike, I've never had a collision loss that cost more to repair the bike than the original cost of the bike. I don't have a collision/comprehensive loss more often than once in 4-5 years. Collision/comprhensive coverage costs about as much as a bike every 3 years. If I lose a bike, I can make do with a cheaper one so I don't need it to immediately replace my loss. It's not a good economic deal for me.

I also don't carry insurance for my passenger. The only passenger I carry is my daughter, she's covered on the family medical coverage.

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