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Dramatic_Hammer
@nick_h.
MCE was my way of being self-insured. I'd buy cover in the certainty that I'd never, ever claim. It was strictly for third party claims only. If you live in a city, claiming for theft or damage hurts your chances of getting cover for a big bike in future years. So fuck that, the one thing I don't want is to have my wings clipped. So I get TPO cover, and a BikeTrac tracker, and try not to crash. You can't get TPO on a high value bike, but that's not the end of the world. My recent bikes have cost 3 or 4 k. I can't have a 15k bike. Not unless I buy a stolen one and ride uninsured.
If I do crash, I have to fix the bike myself. With second hand parts and a bit of DIY I can do it much more cheaply than an insurer could. If the bike is stolen I'll almost certainly get it back. So, if you plan to never claim for theft, you can lie to get the best rate. So I say I have a garage.
If there's a big 3rd party claim and the insurance investigator pays me a visit and finds that I have no garage, the 3rd party's payout will be unaffected but I'll be in trouble. Maybe I won't be able to get any cover for a decent bike for n years? I don't know.
So I get a shitty policy on a litre/fast/stupid bike for £120 - £160. I can live with that. The goal is to keep on biking!