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I was at the Ducati dealership in Westlake the other day and got to talking to one of their finance guys. To make the long story short he offered me a rim and tire warranty coverage. I can purchase the warranty for $599 (3yrs), $699 (4yrs), $799 (5yrs), something close to that as far the years go anyway. Basically if I get a nail or whatever in the tire or for some reason I bang up my wheels they will replace it for free for whichever period I decide to get it for. The maximum limit is $3500 that's for the 3yrs not sure if it is the same max amount for the additional years. $599 for 3 years seems like a really good deal to me seeing as how the rear tire alone costs $250 - $300? Any of you guys hear about this warranty?
 

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Pretty standard stuff for new motorcycle and car sales.
 

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Here's how I would price this insurance:
$3500 (times) the probability of a paid claim (in %) = "The Benefit"
If "The Benefit" > the premium, then buy
If "The Benefit" < the premium, then pass ( or better yet, sell it)

Hint: I suspect that the probability of a paid claim is somewhere in the 0.0001 area.
 
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Is it one of those pro-rated wear things where your 80% worn rear only nets a 20% replacement value...?
 

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My advice; put your $599 in the bank. Draw down each time you have a puncture and you'll still have money left at the end of the three years. Unless you are the unlucky one! Insurance companies make money on these plans, that goes without saying, otherwise they wouldn't offer them. I only buy insurance to cover the catastrophic risks. What do I do for a living... I sell insurance.
 

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My advice; put your $599 in the bank. Draw down each time you have a puncture and you'll still have money left at the end of the three years. Unless you are the unlucky one! Insurance companies make money on these plans, that goes without saying, otherwise they wouldn't offer them. I only buy insurance to cover the catastrophic risks. What do I do for a living... I sell insurance.
Ah! So you're the nice young man who emptied my grandmothers portfolio of muni bonds and put her into a variable annuity? Love the leverage in those things. What do I do for a living? I prosecute white collar crime - securities fraud in particular. I actually bought the insurance. We have potholes the size of cars here in NYC and sometimes you're boxed in and can't avoid them. I've seen some nasty damage dome to rims. But if you live in Nowhereville, you could definitely get by without it.
 
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Ah! So you're the nice young man who emptied my grandmothers portfolio of muni bonds and put her into a variable annuity? Love the leverage in those things. What do I do for a living? I prosecute white collar crime - securities fraud in particular. I actually bought the insurance. We have potholes the size of cars here in NYC and sometimes you're boxed in and can't avoid them. I've seen some nasty damage dome to rims. But if you live in Nowhereville, you could definitely get by without it.
Like @NYCman, we live in the same place. I bought the protection plan for $499 (well actually rolled it over from my 2015 899). I've already used it once and it's good for 5 years. After two tire replacements, I'm sure it'll pay off. I bought the protection for my last car (BMW with runflats) and within the 3 year lease I went through 5 tires and a Rim (2 fronts @ $380 ea, 3 backs at $420 ea and a Rim at $1300) the $1000 I spent in that situation was worth it to me. This is why I decided to get it for the bike.
 

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Discussion Starter #8
Thanks for the input guys. I will have to get some questions answered first before I decide on whether to get this coverage, one being is what tire wear plays in the equation of getting a replacement tire.
 

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Ah! So you're the nice young man who emptied my grandmothers portfolio of muni bonds and put her into a variable annuity? Love the leverage in those things. What do I do for a living? I prosecute white collar crime - securities fraud in particular. I actually bought the insurance. We have potholes the size of cars here in NYC and sometimes you're boxed in and can't avoid them. I've seen some nasty damage dome to rims. But if you live in Nowhereville, you could definitely get by without it.
Ha ha! No, not me mate! I specialise in liability insurance for psychologists, psychotherapists and counsellors. 0:)
 

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Good idea

I had the warranty when I bought my first monster I usually think those warranties are scams and to be honest they probably are because some one on the back end is probably making a big buck.Well I got a nail in my tire 4 days after driving it off the lot. I called up the service department and they set me up for the next day, they will pick your bike up for you as well If you want. It paid for itself within a week. The good thing as well is that I ended up trading up for the 959 so I got a refund of the warranty and applied it to the new bike since I hadn't used it all up yet.
 

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The dealer I purchased my bike from wanted $549 for 36 months - Tire & Wheel, Road Hazard Protection
I declined.
I've never had a puncture, ever, in over 15 years of riding. Never bent a rim from a nasty NYC pothole either :wink2: and I had soft magnesium, not DOT approved Marchesini's back then >:)
 

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Ah! So you're the nice young man who emptied my grandmothers portfolio of muni bonds and put her into a variable annuity? Love the leverage in those things. What do I do for a living? I prosecute white collar crime - securities fraud in particular.
Your grandma wouldn't have been ahead with Muni bonds either as most municipalities in the US are insolvent and she will have to take a haircut on those eventually. Current bond prices are held together by fraudulent credit agency ratings and phony baloney libor rates.
 
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