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Bloody Communist Idea

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  • Bloody Communist Idea

    I just had a great intial idea, (even as i write it seems not as good as i originaly thought), so here it is:

    What if we setup a "PSB Trust Fund". People can register and make regular donations of say $50 per month. Then, if one of the contributors to the trust bin their bike, up to a maximum of say $1500, the trust might be able to come to the party. This will lower claims accross WA, save money and no claim bonuses etc, and bring down the statistical risk for bike owners, ultimately (ie: about 3 years later ) bringing down the premium for us all!

    I have been racking my brains trying to think of ways to bring down premiums in a pro-active way for months and months!

    PS: It would also work if people just stopped crashing!
    The Twitter

  • #2
    nice idea mate but essentially all you is doing is starting a insurance company. Eventually you will need to place rules on when and how ppl can claim. Some ppl will have to be screwed so the money will build and not drain away. Hell I wouldn't want 1 shoes candidate to take all the money in the first week cause he fucked a wheelie.

    Thanks but ill stick with QBE

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    • #3
      Yeah, like pete_026 said.
      Given the nature of some of the people round here. :roll:
      Insurance companies decide whether you are too much of a risk or not.
      I feel some people here would be. (especially since its open to anyone.)

      I personally only have 3rd party property on the bike (incase I accidentally hit a ferrari/merc etc) and do exactly what you suggested for myself. I trust my driving and riding (plus I can do minor repairs myself) and within say 5-10 years I would have enough money for a brand new bike!
      I've been riding for 5 years now and havent binned a bike. (yeah, two stationary drops - one when I wasnt on the bike, but I can live with a few scratches until its bad enough that I want to re-paint it... (which will be very soon )

      Comment


      • #4
        Its not in the insurance company's interests to lower the number of crashes... otherwise they wouldnt be able to charge outrageous premiums.

        They are all still making money out there regardless of how many shoes candidates claim.
        If you can... you MUST!

        Comment


        • #5
          But didn't that Swann study show that 70% of the crashes were not the riders fault?? And following this along if it was not the riders fault would they then not be able to claim the cost of the accident on the other persons insurance, or from them personally?

          If this is the case why is our insurance so high?
          I am the old bloke on the black and yellow cbr1krr

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          • #6
            Interesting idea but Shoes will send the PSB fund broke within hours!

            So on the eight day, after wasting time faffing about with unimportant guff like heaven & earth & the waters & sky & creatures [& having a wee kip] & man.... God created PSB (GenesiSX-R1000)

            Comment


            • #7
              If this is the case why is our insurance so high?
              Because they are a greedy bunch of wankers and choose to charge us high premiums
              If you can... you MUST!

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              • #8
                If this is the case why is our insurance so high?
                Because they are a greedy bunch of wankers and choose to charge us high premiums
                exactly!.......also you get the scenario of people like me that had to get a loan for my bike therfore I HAVE to have insurance......when you don't have a choice to get insurance on something they can charge what they like cause you at their mercy and they know they can get away with it.

                If the statistics dropped in pplz having crash's and claims etc, somehow I don't tihnk you will see the premium's "drop", they always find some excuse to raise them year after year after year after year after year after year after year after year after year after year after year after year after year after year after year after year after year after year after year .................................................. ......

                bandits I say!!

                cheers
                Darren

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                • #9
                  Fraud was invented to deal with that.
                  222 Loctite doesn't taste too bad.

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                  • #10
                    Its not that bad of an idea and its exactly how Bendigo bank started, but yes you would need to run it exactly like a insurance company.
                    What Aust needs is a non-profit Bike insurance or insurance in general. Kinda like HBF Medical, where its set up as a .org rather then .com. But since we are all greedy capitalistic scum its all about the mighty $$ and how much we can wrought others into paying stupid prices.

                    Insurance is just a system that gets raped by money hungry pricks through out the entire insurance process, starting from kickbacks at the sale point, ridiculus assesor charges right through to administration fees, ridiculus wages for the higher execs....... Bah bring back socialism!
                    Will you insure me?!

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                    • #11
                      Friends+$$ = much pain and nashing of teeth...

                      Keep em seperate.
                      Aim high and consider yourself worthy of great things

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                      • #12
                        Friends+$$ = much pain and nashing of teeth...

                        Keep em seperate.
                        hit the nail on the head Flakey!

                        wot about just a trust fund certain members pay a little into each month to go towards Xmas parties... track days... etc... or has this topic been covered?

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                        • #13
                          But didn't that Swann study show that 70% of the crashes were not the riders fault??  And following this along if it was not the riders fault would they then not be able to claim the cost of the accident on the other persons insurance, or from them personally?

                          If this is the case why is our insurance so high?

                          I'm gonna put on my "Ice's head is full of useless shit" cap here...
                          I seem to remember reading the Australian Bureau of Statistics year book a couple of years ago (fascinating read - must have been either extremely bored or extremely drunk )

                          If I remember correctly the figure for fault in accidents between cars & bikes that year was 86%. In the favour of bikes. That means 43 out of 50 accidents were caused by the tools in the tin cans. Gotta make you wonder why my bike insurance is higher than my car insurance. (And about to get higher)

                          Total rip off merchants - they know we don't have much choice.
                          "Look wise guy, I know I'm a racer, I can feel it in my code."

                          Comment


                          • #14
                            I dont know how the fact that bikes are not at fault affects the premium. I remember talking to an insurance agent and it is not just black and white they take the money off the other insurance company. I would appreciate anyone who has experience in the industry to comment. I really am starting to think bikes are a soft target for insurance companies. Maybe they figure that if bikes werent on the road they wouldnt need to pay anything out.
                            I had a recent incidence with a laptop insurance (5 yr warranty deal) with Myer. They tried to screw me over big time when it needed its 4th repair (forced to replace it). To the extent the insurance company that covers the product was alleging fraud on my part, etc. Insurance companies are there to make money off people regardless of morals. Sorry to get off track but insurance companies are nearly all in league with the devil.

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                            • #15
                              what about samilar idea with lettel changes of ures??
                              i have been doing this idea for years with my clouse friends and it's really good thing to do and u will never feel F***ed because some one alse r careless..i been talking much lets say it
                              basicly what we do is every one of us pay 300$ a manth and each month it goes to one of us and we r around 10 so it end up with 3000 u get it onc in 10 month without interst
                              we started this with small amount then each time we make it lettel bet bigger and to chouce every1 turn me do it rundom and if some1 want to take earlier turn he have to discus this with the one who his turn coming up..
                              but if u ganna do this here u can put small amount group and big amount group and u can put monthley groups and weekly groups..if u like the idea u can put the rules for it and i hope it's a good idea :roll:

                              so u can put the money in what ever idea u have to fix ur bike or to add things on it or have just save it for anyohter thing or i dont mind save it for u
                              we never sleep
                              24 hours a day
                              7 days a week

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