Training Wheel Hero
Join Date: Feb 2017
Thanked 5 Times in 5 Posts
Feedback Score: 0 reviews
There aren't secure and affordable parking spots where I work unfortunately, and there is no secure hallway or company owned lot that I can negotiate a deal with. And if I have to park 10 minutes away and pay for more secure parking, for me it completely defeat the purpose of riding to work and saving money on train tickets. I have my reasons to go for liability only although when I'm up for renewal I was considering maybe getting comprehensive just for the theft coverage. But then again, knock on wood but theft is the least of my concerns considering I don't leave the bike parked outside overnight, and I know in real time its location and I'm notified the second it's touched.
Except for complicated maintenance and engine work, I do all the work on my bike and take the time to learn whatever it is I need to know. I'd rather potentially fix my bike out of pocket if a hit and run driver gets away, than automatically waste thousands each year on collision coverage. On top of that it would not even cover me for theft and would still require me to pay a deductible that is very likely going to amount to the same price as me just buying OEM parts and fixing the bike myself in the convenience of my garage, and be done within a couple hours. I did recently turn 25 though so maybe the next time around the insurance quotes will be a little more appealing.
There is a logic behind my reasoning and I'm actually the type to play it safe and buy insurance whenever I engage in an activity where things could become exponentially expensive. I would get liability insurance even if it wasn't mandated by the state, just like how I willingly pay for pilot and firearm insurance even though it's not mandated. My worse possible loss is the price of the bike, which would really suck but I could live with. When I did the math a year ago the numbers were in the magnitude of: in 3 years, I'll have paid the price of the bike just in insurance. That is simply not worth it to me.
And yeah I wish I could park on the sidewalks! That's how they do it in most of Europe. If we had politicians who actually rode bikes, motorcycles would have a lot more privileges.
Last edited by MrManH; 03-14-2017 at 08:02 PM.