QUOTE(ArmFix @ Jul 22 2022, 02:26 PM)
Yeah, Cash only but from your experience would you prefer to buy 3rd party only?
I mean 3rd party only cover for the person that you got accident into right?. I know that 3rd party is more cheaper but interm of the risk. Not sure willing to gamble for it.
The last time I bought 3rd pty was when I owned a Dominar D400 which I paid for in cash.
At the time it was just out of warranty after 2 years of ownership & I wanted to get rid of it within the next few months, so I bought 3rd party insurance due to the limited risk.
My TNT600 daily driver was also on 3rd pty insurance during the last year I owned it. I knew I was a careful rider, but life taught me otherwise - it went up in flames when the workshop burned down after I sent it in to hv its shock absorber replaced in 2019. Could not claim anything for shit, fortunately the workshop owner was willing to reimburse me for my loss.
Lesson learned.
Nowadays, hearing horror stories of Brembo calipers being stolen I don't dare to rely on 3rd pty insurance for my current bike even though I paid for it in cash also.
Buy 3rd pty insurance only if you can afford to absorb the cost if something unfortunate happens.
That means, if you hv the means to afford accident repairs at your own cost, you can financially afford to lose the bike, your risk is limited (ie you live in a secure area, you're a defensive rider & u seldom ride or your bike is unpopular to thieves) or your livelihood does not depend on having that bike... then 3rd pty insurance is a viable option.
This post has been edited by ZZR-Pilot: Jul 22 2022, 05:59 PM