MASS BAIT: Bicycle insurance, anyone?

By joining our community you will have the ability to post topics and access other forums reserved for members. Registration is quick, simple and absolutely free. Join our community today by clicking here.

Not quite a Newb Joined: 16 Jun 2007 Posts: 31

Got this scam letter from the "Royal Crown Insurance Company"

"Dear Intending Partner,

My name is Philios Zachariades (General Manager,ROYAL CROWN INSURANCE COMPANY), I want to use this medium to solicit your assistance in relocating and investing US$35M in your Location/Country.

Kind Regards..." blah blah blah

I responded:

"I'm not experienced in business, so you would be better served to invest with someone else. I do, however, need to buy some insurance for my bicycle. Please send me an insurance quote for a 1983 Huffy 10-speed in mint condition."

His response?
"To insure your Bicycle it will Cost you US$2,500.00"

I asked, and yes, this quote includes theft AND liability.

Posted: Sun Aug 12, 2007 11:16 pm

Ask if he can quote and compare other bike-insurance companies for you.
It's all the rage these days. Why, I just had a telemarketer offer me only $1,000! And I've heard I can save 15% or more with just 15 minutes on the phone.
Laughing

Great response you got there. You get TWO smilies. Very Happy

Posted: Sun Aug 12, 2007 11:19 pm

Sounds fair...I better take it for my spare bike.
Since it only cost 40 Euro when I bought it second hand I bet THIS insurance must be about 6000% risky free Very Happy

Posted: Sun Aug 12, 2007 11:21 pm

While that's funny....Here in NYC, people DO insure their bicycles....LOL

Good one! I love it!

Ask about the basket that goes on the front of the bike - that you carry your puppy in. Ask if that can be insured and if they also can cover the pet when he's riding too...

Ask then if it covers pet pee - because sometimes little Fido gets excited....

Master Baiter Joined: 14 Jun 2007 Posts: 109

~VegasBaby,

Tell him you want it. Ask him to draw up the policy including what the policy does and doesn't cover. Then burn him for missing things out, appaling spelling etc.
Ask if there's a discount for paying it all in one go

Not quite a Newb Joined: 16 Jun 2007 Posts: 31

"Here in NYC, people DO insure their bicycles...."

I know, I live in NYC. I've had so many bicycles stolen that his offer is starting to sound attractive.[/quote]

Not quite a Newb Joined: 16 Jun 2007 Posts: 31

"Tell him you want it."

I did, can't wait to see what he comes up with.

Posted: Sun Aug 12, 2007 11:35 pm

Ah - more and more people from NYC show up here every day. LOL

You need to get a quote about seats being stolen - - covers for seats in the rain - - the front tire - - chains - oh - and do they have a # to call in case you forget the combination or lose the key to your lock....so much to think of - LOL

What if it gets hit by a subway car????? Need something in there about that, too!

BTW I need to get myself a bike - but WHERE would I put it????

** ACCOUNT CLOSED ** Joined: 15 Apr 2007 Posts: 766

Are there discounts if you have airbags and anti-lock brakes?

What if you have a disability--you are blind? Most insurance companies give discounts to blind drivers.

What about bullet holes? Sometimes when you are making deliveries, people do not want to pay.

What about attachments? Make sure you send a picture:

--J.D.

Not quite a Newb Joined: 16 Jun 2007 Posts: 31

"BTW I need to get myself a bike - but WHERE would I put it????"

Same place as everyone else in NYC -- the livingroom.

Posted: Mon Aug 13, 2007 12:36 am

Can you ask him about coverage on my Cervelo Soloist Carbon SL? Would it be a good idea for me to add a sidecar so I can take my grandfather to church? Laughing

Perhaps we can turn him into the world's premier bicycle insurance broker... Cool

Posted: Mon Aug 13, 2007 12:54 am

So... to insure a unicycle I assume the cost would only be $1250?

Posted: Mon Aug 13, 2007 4:09 am

johnny5 wrote:

Ask him to draw up the policy including what the policy does and doesn't cover. Then burn him for missing things out, appaling spelling etc.

No!

We don't burn them for their appalling spelling, we positively encourage it.

Posted: Mon Aug 13, 2007 5:00 am

Is that quote for comprehensive or just liability. Are passengers also protected? What about customizations? My motorcycle provider charges more for custom items (like maybe a horn or bell, handlebar ribbons etc)

The policy should be interesting! Laughing

I hope you have fun with it. Is there a multi bike discount? Shocked

Posted: Mon Aug 13, 2007 7:57 am

It's quite obvious to me (in RL insurance is what I do, as is the case with other members here) that his quotation does not include marine use, so ask him for a revised quote since you want to cover all the bases.

His premium of course is acceptable, but since ALL insurance companies accpet direct online payments he'll need to provide an account number to transfer your payments into. That just might give you something for [email protected] to work on. Alan, as we all know, is a god.

Be sure your mugu knows that you're interested and need to start coverage as soon as your payment is accepted. Good work Vegas!

Not quite a Newb Joined: 16 Jun 2007 Posts: 31

Surprise, surprise... the Royal Crown insurance company uses Western Union!

"Now, for me to get your dream done "insuring your
1983 Huffy 10-speed in mint condition bicycle, i want you to use the name of Accounting Officer below and send the funds for the assignment $2,500.00 via Western Union Money Transfer or Money Gram for quick acknowledgment and send the payment information accordingly:
NAME: MR.ROBERT WRIGHT
ADDRESS: LONDON
TEST QUESTION: A
ANSWER: B
Make the payment Twice $1,250.00 for each,with the same Receivers information above. Make the payment and send the information for better result.

Kind Regards,

Philios Zachariade"

I've requested an application form. Be interesting to see what he draws up.

419Eater is my life Joined: 19 Sep 2006 Posts: 416

Careful - Robert Wright is probably a right robber.

And Philios Zachariade is a... er...

Little help please, someone? Embarassed

** ACCOUNT CLOSED ** Joined: 15 Apr 2007 Posts: 766

Losst Jedi wrote:

(in RL insurance is what I do, as is the case with other members here)

Hmmmm . . . under United States Law, even an international policy requires a signed and notarized policy contract--sent from the insurance company--before any policy is valid.

So I am sure Vegas will be HAPPY to send the money via WU once he receives the signed and notarized policy contract.

Then he can start asking questions about additional details and coverage--do not forget proper flood insurance after Katrina!

The pot can be "sweetened" by suggesting that "numerous" members of the company are interested in insuring their Huffys, Schwins, Marins, and Predator-Drones. . . . Each will require a separate policy. . . .

Then . . . since he will be sending greater than $2,000, 1TV5 automatically comes into play. . . .

"I have used it all of the time to receive payments. Only about 20 simple questions. . . ."

--J.D.

Posted: Mon Aug 13, 2007 2:44 pm

Also...you will require replacement coverage for the baseball cards and clothes pins that make that cool motorcycle sound.

** ACCOUNT CLOSED ** Joined: 15 Apr 2007 Posts: 766

^^^^^Like those Honus Wagner and Roy Hobbs cards. . . .

--J.D.

Not quite a Newb Joined: 31 Dec 2006 Posts: 69

Don't forget to ask about roadside assistance and rental coverage. Smile

Posted: Mon Aug 13, 2007 8:25 pm

Ask him if you get a discount if you insure 10 bicycles. You should get at least %10 off...

Posted: Mon Aug 13, 2007 8:29 pm

asiaguy wrote:

Also...you will require replacement coverage for the baseball cards and clothes pins that make that cool motorcycle sound.

I was thinking the same thing AG. Make sure you get the same cards to replace them too. One of them was some scrub Rookie in 86 named Barry Bonds, you will need this same rookie card again.

** ACCOUNT CLOSED ** Joined: 15 Apr 2007 Posts: 766

Towing?

You are going to get towing, right?

--J.D.

Not quite a Newb Joined: 16 Jun 2007 Posts: 31

OF COURSE I will ask for towing, what kind of fool doesn't ask for towing?

I asked for an application form and got the following response:

"In regards to your request, you are expected to pay for the Insurance Application Fee of #400.00 (Four Hundred Pounds),before the application form can be send to you."

MASS BAIT: Bicycle insurance, anyone?	View next topic View previous topic