Insurance Conundrum
Hey all I will try to explain this as simply and as quickly as I can.
3rd party, fire and theft will cost me around £250 for the premium and about £1100 in total for the excess.
3rd party only will cost me £400 for the premium with no excess.
If I make the assumption that I won't claim, it's cheaper to get 3rd party, fire and theft and a good chain and lock.
Under the assumption that I am going to claim it's far cheaper going for third party only.
My thoughts are I should get 3rd F&T, a good chain and lock and make sure I don't do anything that causes a third party to claim against me. By the way the bike will be keep in a locked garage and we have a dog!
Anyone with differing opinions?
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