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Offline Brinkman

DRZ400SM insurance PLEASE HELP
« on: December 03, 2019, 06:28:12 pm »
Hi guys. I'm in need of some urgent advice from DRZ400 riders.

I purchased a 2008 Suzuki DRZ400SM with 17000km on the clock and I'm trying to organise insurance for the bike.

According to the broker the retail of the bike is R16000 with a monthly premium of R340.

That is comoletely nuts. If the premium was lower I would have taken it just for the 3rd party insurance but I can't spend R340 a month and if something where to happen that the bike gets written off I get R15000 back.

What do you guys do, just ride it without insurance.

Please help🙏🙏

 

Offline LouisXander

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Re: DRZ400SM insurance PLEASE HELP
« Reply #1 on: December 03, 2019, 06:36:00 pm »
Get different insurer. Speak to @Operator he will surely assist.

My bikes is insured with Outsurance, R499 for a 1150GSA, XR125 and XR600R, all comprehensive and stipulated helmet and panniers

« Last Edit: December 03, 2019, 06:38:16 pm by LouisXander »
Don't dress for the ride, dress for the fall!
 

Offline Manic

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Re: DRZ400SM insurance PLEASE HELP
« Reply #2 on: December 03, 2019, 06:48:46 pm »
cecilia@dearham.co.za

She will sort you out pappa  :biggrin:
 

Offline Brinkman

Re: DRZ400SM insurance PLEASE HELP
« Reply #3 on: December 03, 2019, 07:14:23 pm »
Thanks gents.  :ricky:

Not a lot of hope but it has opened my eyes. I have my bakkie insured through the broker as well with Risk Guard Alliance. But according to my broker RGA does mot take in new motorcycle business anymore. That right there is a warning sign and I want to move my bakkie over to another company as well. I will contact both these people above.

My new (worthless) beaut is on its way from JHB down to Cape Town as we speak. Will post some pics when I get it. Absolute immaculate with 17500km on the clock. It gives me goose bumps just thinking about it.

But this has really put a downer on my excitement.
« Last Edit: December 03, 2019, 07:17:01 pm by Brinkman »
 

Offline Ri

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Re: DRZ400SM insurance PLEASE HELP
« Reply #4 on: December 04, 2019, 09:45:12 am »
Cannot even imagine that anticipation!! Congratulations :biggrin:

I have everything insured with Santam - house contents, car and 4 x DR650s. The complete cover premium for the most expensive bike, which is more than double the value of your bike, is only about R206, the others are around R120 - R170.
 

Offline Operator

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Re: DRZ400SM insurance PLEASE HELP
« Reply #5 on: December 04, 2019, 10:18:42 am »
Insurance is very much risk profile dependant.

No use to make direct comparison with a 50 year old person with a 25 year track record, if you are eg. 23 years old
and never had insurance. :deal:

You shop around. You compare and play insurers off against each other..................and then you take your best pick.
 

Offline Brinkman

Re: DRZ400SM insurance PLEASE HELP
« Reply #6 on: December 04, 2019, 07:03:04 pm »
Cannot even imagine that anticipation!! Congratulations :biggrin:

I have everything insured with Santam - house contents, car and 4 x DR650s. The complete cover premium for the most expensive bike, which is more than double the value of your bike, is only about R206, the others are around R120 - R170.

Hi Ri. Opgewonde om weg te wees van off road bikes af. Dis net te veel geld en moeite.

Het darem die KTM 200 verkoop gekry bo mark waarde. Maar nogsteeds n ton geld verloor.

Maar ek sal maar weer n thread begin vir die motard. 😁😁

Die bike vanoggend in Vereeniging opgetel so is op pad Kaap toe. Behoort Vrydag of Saterdag te land as als goed verloop
« Last Edit: December 04, 2019, 07:03:54 pm by Brinkman »
 

Offline Brinkman

Re: DRZ400SM insurance PLEASE HELP
« Reply #7 on: December 04, 2019, 07:05:50 pm »
Insurance is very much risk profile dependant.

No use to make direct comparison with a 50 year old person with a 25 year track record, if you are eg. 23 years old
and never had insurance. :deal:

You shop around. You compare and play insurers off against each other..................and then you take your best pick.

Dankie vir die oproep vandag en jammer ek het die eerste een gemis. Baie druk by die werk op die oomblik aangesien almal hulle bikes wil reg he voor die vakansie. Nog so week dan behoort dit rustiger te raak.

Ek het vir jou n email gestuur 👍👍
« Last Edit: December 04, 2019, 07:07:36 pm by Brinkman »
 

Offline Ri

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Re: DRZ400SM insurance PLEASE HELP
« Reply #8 on: December 04, 2019, 08:00:58 pm »
Hi Ri. Opgewonde om weg te wees van off road bikes af. Dis net te veel geld en moeite.

Het darem die KTM 200 verkoop gekry bo mark waarde. Maar nogsteeds n ton geld verloor.

Maar ek sal maar weer n thread begin vir die motard. 😁😁

Die bike vanoggend in Vereeniging opgetel so is op pad Kaap toe. Behoort Vrydag of Saterdag te land as als goed verloop

Ek is bly oor die KTM se goeie prys, net jammer jy het steeds geld verloor. Die 4 strokes is oor die algemeen goedkoper om op die pad te hou, dink ek, maar dalk net my vooroordele. En jy ken mos jou Suzukis nou al  ;D

Ek het al pragtige DRZ400 motards gesien, sal o oophou vir jou fred, daai gaan een ongelooflike DRZ wees wanneer jy daarmee klaar is :thumleft:
 

Offline Brinkman

Re: DRZ400SM insurance PLEASE HELP
« Reply #9 on: December 05, 2019, 08:37:23 pm »
Hi guys. Just a bit of an update. Outsurance sorted me out with an insured value of R44000. R3200 excess with R1000 minimum and 5 million liability incase I smash into a cheap Bugatti :drif: :drif:

All for R216 a month :ricky:


Will be taking my bakkie over to them as well at the end of the month.
 

Offline Ri

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Re: DRZ400SM insurance PLEASE HELP
« Reply #10 on: December 05, 2019, 09:49:08 pm »
Great stuff! Much more like it! Glad you're properly covered :ricky:
 

Offline Manic

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Re: DRZ400SM insurance PLEASE HELP
« Reply #11 on: December 05, 2019, 10:09:53 pm »
Hi guys. Just a bit of an update. Outsurance sorted me out with an insured value of R44000. R3200 excess with R1000 minimum and 5 million liability incase I smash into a cheap Bugatti :drif: :drif:

All for R216 a month :ricky:


Will be taking my bakkie over to them as well at the end of the month.

Sterkte  :imaposer:
 

Offline LouisXander

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Re: DRZ400SM insurance PLEASE HELP
« Reply #12 on: December 05, 2019, 11:41:51 pm »
My karre en huisinhoud is by Momentum, slegs R1000 access op alles. Pasop v Outsurance se goedkoper paaiement met hor access opsie....

Bikes is by Outsurance, omtrent enigste plek wat dit nog doen.
Don't dress for the ride, dress for the fall!
 

Offline Skimnerf

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Re: DRZ400SM insurance PLEASE HELP
« Reply #13 on: January 10, 2020, 09:05:27 am »
Stay away from Dearham. They send new bikes to the scrapyard to be fixed !!!
 

Offline Grunder

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Re: DRZ400SM insurance PLEASE HELP
« Reply #14 on: January 10, 2020, 09:52:38 am »
Stay away from Dearham. They send new bikes to the scrapyard to be fixed !!!

 :lol8: :lol8:

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Offline Manic

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Re: DRZ400SM insurance PLEASE HELP
« Reply #15 on: January 10, 2020, 10:02:46 am »
Stay away from Dearham. They send new bikes to the scrapyard to be fixed !!!

Be carefull what you post all over the forum.