Stolen Bike Insurance

[Asianrider]

Today placed a new order with Mityon in Pattaya for PCX 150. They are offering extra insurance for 3,900 baht if the bike is stolen in the first 2 years. Do other TV members think this is reasonably priced, and a good option ? Interested in any comments you may have ..

[nikster]

I like to have theft insurance with a shiny new bike, would def. get it for a new PCX

Whether or not that's a good deal depends on the terms - how much of the purchase value would you get back if it were to be stolen?

[BigBikeBKK]

Read the policy details to see how much of the value of the bike is covered. Most policies in Thailand cover 80% of the value the first year and it goes down, sometimes a lot, in following years. PCX are a pretty hot item for thieves so I'd say insuring your new scoot would be a good idea. Happy Trails! Tony

[Rickster]

When i bought my PCX over 2 years ago, I took the optional 2 year theft insurance back then. It was 100% for the first year and 80% for the second. Obviously this could all have changed but for how much they are charging and for peace of mind for your new purchase i'd say it was a no brainer really...

[canopus1969]

But does not cover any damage to your bike

[Asianrider]

When i bought my PCX over 2 years ago, I took the optional 2 year theft insurance back then. It was 100% for the first year and 80% for the second. Obviously this could all have changed but for how much they are charging and for peace of mind for your new purchase i'd say it was a no brainer really...

thanks guys for last 3 posts

will check the terms and update the post

[koratjohn]

I bought a new PCX 2 days ago and started with 2 years of theft insurance and when the sales folks were doing the paperwork they offered me an additional year for an additional 100 THB. I think the price you quoted was the same I was offered.

I would ask how much an additional year (3rd) would cost if available from your dealer. Just a suggestion.

[macknife]

Like Canopus says, it (probably) ONLY covers theft. You might want to save your money and use it for a 1st class policy that covers everything.

[Asianrider]

Mityon ( opposite Carrefour / Big C Extra ) terms were first year 85%, then second year only 65%. And it takes 3-4 months to pay out normally if you claim..

They did suggest going to a private company and paying for first class insurance independently.

Think I will probably just skip it altogether, normally am careful where I leave the bike.