Simon Brooke <
[email protected]> wrote:
> in message <[email protected]>, thomas
> ('[email protected]') wrote:
>> hi im a newbie
>> can you guys tell me wether or not cycle insurance is worth the money?
>> i ride a giant xtc se mainly on the roads for work now
>> and if so which company is easiest to deal with?
> In my experience if you live in urban Britain your bikes are going to get
> stolen sooner or later. How soon depends on /where/ in urban Britain you
> live and where you park your bike.
And how closely your bike resembles the latest bike fashion among
teenage educational casualties.
> Whether insurance is cheaper in the
> long run than just carrying the risk yourself is a gamble, of course.
If you're bike is less likely to be stolen than the insurance company
thinks it is, plus of course allowance for their trouble and profits,
then in the long term you're better off not insuring if you can afford
replacement.
Let me think now. In 50 years I've had one bike worth about #15
stolen, and one worth about #50 trashed because the thief lost his
temper with the unsmashable lock. That one was a mistake -- a smart
looking racer in the old days when racers were fashionable.
That comes to a bit over #1 a year.
--
Chris Malcolm
[email protected] +44 (0)131 651 3445 DoD #205
IPAB, Informatics, JCMB, King's Buildings, Edinburgh, EH9 3JZ, UK
[
http://www.dai.ed.ac.uk/homes/cam/]