YorkshireTyke Posted January 28, 2021 Share Posted January 28, 2021 How much does anyone pay for reasonable insurance cover, theft and accident, on a PCX or bike of similar size and value? What company do you use? Obviously other than the compulsory govt insurance. Mine is due for it's first renewal at the end of Feb, last year the premium was 4,632 baht, is this reasonable ? Theft cover was only 80k on a bike that cost 110k (hybrid), third party cover 500k person, 10 mill accident. Link to comment Share on other sites More sharing options...
canthai55 Posted January 28, 2021 Share Posted January 28, 2021 (edited) 2013 PCX Siam Cosmos 2697.47 500,000 per person / 10,000,000 per accident 12,000 own accident Edited January 28, 2021 by canthai55 1 Link to comment Share on other sites More sharing options...
soi3eddie Posted January 28, 2021 Share Posted January 28, 2021 Seems reasonable. I paid 5,475 Baht for First Class insurance with MSIG for a brand new ADV150. Covers fire, theft, 3rd party injury, 3rd party property damage and own/passenger medical expenses. Excellent service (though not made a claim) from the brokers at AA Insurance - www.aainsure.net Coverage MSIG Insurance 1st class-Contract Third Party Liability Cover: 1.Bodily Injury or death over CTPL Limit to 2. Property Damage 2.1 Amount of Deductible Own Damage Cover: 1.Own Damage 1.1 Amount of Deductible 2.Fire & Theft Driver & Passenger Cover: 1.Personal accident benefit for 1 Driver 1 Passengers 2. Accident Med Expense (2) 3. Bail bond 500,000 Baht/Each person 10,000,000 Baht/Each accident 1,000,000 Baht/Each accident 0 Baht/ Each accident 85,000 Baht/ Each accident 2,000 Baht/ Each accident 85,000 Baht/Each accident 50,000 Baht/Each person 50,000 Baht/Each person 50,000 Baht/Each person 300,000 Baht/ Each accident Use of Motor Vehicle Driver Private Any Driver Premium Total 5,375 Baht 1 1 Link to comment Share on other sites More sharing options...
YorkshireTyke Posted February 6, 2021 Author Share Posted February 6, 2021 Just received my renewal notice and the premium is 4,174 Baht but the sum insured is only 72k. The bike cost 110,000 and is one year old so a reduction in value of 35% seems a bit high. Link to comment Share on other sites More sharing options...
jackdd Posted February 6, 2021 Share Posted February 6, 2021 2 hours ago, YorkshireTyke said: Just received my renewal notice and the premium is 4,174 Baht but the sum insured is only 72k. The bike cost 110,000 and is one year old so a reduction in value of 35% seems a bit high. In your first post you talked about 80k coverage, so it was lowered from 80 to 72k? It could be that the insurance company doesn't have the hybrid version in their system, thus your insurance is based on the 85k new price of the regular PCX 150. Link to comment Share on other sites More sharing options...
YorkshireTyke Posted February 7, 2021 Author Share Posted February 7, 2021 19 hours ago, jackdd said: In your first post you talked about 80k coverage, so it was lowered from 80 to 72k? It could be that the insurance company doesn't have the hybrid version in their system, thus your insurance is based on the 85k new price of the regular PCX 150. Yes, I bought the bike when it was 5 weeks old with the insurance cover already in place by the original buyer so I didn't have a say in the terms. Link to comment Share on other sites More sharing options...
VocalNeal Posted February 7, 2021 Share Posted February 7, 2021 On 1/28/2021 at 4:25 PM, canthai55 said: 2013 PCX Siam Cosmos 2697.47 500,000 per person / 10,000,000 per accident 12,000 own accident Do they insure your other bike? Link to comment Share on other sites More sharing options...
canthai55 Posted February 7, 2021 Share Posted February 7, 2021 Use MSIG for lall my other bikes 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now