My recent difficulties have highlighted a situation that wasn’t immediately apparent. A friend was just talking about an almost-new ZX10-R that fell over in the driveway and did $4500 worth of damage. That seems pretty fearsome, but bearable in a bike that is worth $16k or so.
But, if you own an older bike and have it comprehensively insured, then that $4500 worth of damage might be close to what the bike is worth as far as the insurance is concerned, and you’re looking at a write-off.
It does make you wonder if it is worth comprehensively insuring an older bike.
And, while on the subject, why is it that the insurance companies are very quick to TAKE your money, but very lethargic when it comes to RETURNING it. Despite having all of my paper work in order and submitted, I have been told that it could be 2 to 3 WEEKS before my claim is settled.
Damned if you do and damned if you don’t, I guess.
