Bike Insurance.

[alanrchase]

Went to re insure my CB300F yesterday with Viriyah, bike is just coming up to 3 years old. Paid 2,500B last year. My Thai is not fantastic so there was a bit of confusion. However by the time it was sorted I ended up with a 2 year policy (never knew that existed) for 950B. Same policy number as last year. The insured value is adjusted down for the second year. Just thought people may be interested.

[macknife]

Theft only?

[Kwasaki]

The Viriyah agent where l am won't insure my Versys on voluntary ins only will do CTPL l have to use a broker for extra cover.

Is it only for theft and 2 years cover sounds weird. ? ?

Edited July 14, 2017 by Kwasaki

[MINIMIGLIA]

sounds far too cheap to cover anything??

[alanrchase]

The Viriyah agent where l am won't insure my Versys on voluntary ins only will do CTPL l have to use a broker for extra cover.
Is it only for theft and 2 years cover sounds weird. ? ?

The insurance document is exactly the same as last years exept for the different price and amount insured. You could be right about it only covering theft. I do know there is an age limit on cars for First class insurance, 10 years old I believe. They did mention something about the bike being four years old next year. Perhaps the cut off for first class insurance on a bike is three years?

[Kwasaki]

31 minutes ago, alanrchase said:

The insurance document is exactly the same as last years exept for the different price and amount insured. You could be right about it only covering theft. I do know there is an age limit on cars for First class insurance, 10 years old I believe. They did mention something about the bike being four years old next year. Perhaps the cut off for first class insurance on a bike is three years?

 

You have confused me even more,  you can't possibly have 1st class insurance at that price, sounds to me like a mistake, and 2 year insurance doesn't make sense.

The reason l say that is one of the quotes l got for my Versys for 1 year, can't remember if it was 1st class cover was 14,000 baht.

[alanrchase]

You have confused me even more,  you can't possibly have 1st class insurance at that price, sounds to me like a mistake, and 2 year insurance doesn't make sense.
The reason l say that is one of the quotes l got for my Versys for 1 year, can't remember if it was 1st class cover was 14,000 baht.

Bike cost 130,000B new. Insurance first year was 4,000B. Year 2 insurance was 3,100B insured value 78,000B. Year 3 insurance 2,500B insured value 65,000B. Year 4, two year policy 950B, first year insured value 50,000B, second year insured value 35,000B. I totally agree it is strange but policy ends on 05/08/2562 which is two years. As you mentioned perhaps this policy only covers theft.

[Nickymaster]

Only theft is that possible? Because that is all I need on top of the required 3rd party stuff


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