fire & theft ONLY insurance needed! - Page 2

31-05-2008, 05:16 PM

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. An insurer is a company selling the insurance. The insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

31-05-2008, 06:54 PM

Quote:

Originally Posted by hollem

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. An insurer is a company selling the insurance. The insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

OH, well that explains it then

31-05-2008, 08:00 PM

Lancaster do laid up policies which cover fire, theft and accidental damage. I had it on my TF thingy cost £50 for the year, pretty sure they would do a bike, then all you have to worry about is getting it home!

31-05-2008, 08:43 PM

Fire and Theft insurance is a waste of time.

Who's going to steal a burning bike?

31-05-2008, 09:38 PM

It's more the other way round donut! Mind you where I used to work one of the guys had bit of a fit and stole a tractor, doused it in diesel and danced naked around it until being taken away by men in white coats!

31-05-2008, 05:16 PM	#16
hollem Guest Posts: n/a	Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. An insurer is a company selling the insurance. The insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

31-05-2008, 08:00 PM	#18
gremlin Guest Posts: n/a	Lancaster do laid up policies which cover fire, theft and accidental damage. I had it on my TF thingy cost £50 for the year, pretty sure they would do a bike, then all you have to worry about is getting it home!

31-05-2008, 08:43 PM	#19
fatbloke Guest Posts: n/a	Fire and Theft insurance is a waste of time. Who's going to steal a burning bike?

31-05-2008, 09:38 PM	#20
gremlin Guest Posts: n/a	It's more the other way round donut! Mind you where I used to work one of the guys had bit of a fit and stole a tractor, doused it in diesel and danced naked around it until being taken away by men in white coats!