Motorcycle Insurance

I recently purchased a new Suzuki V-Strom here in Medellin. The dealer recommended a Colombian insurance company called "Altagama LTD"

On September 7th. I paid 1,159,000 COP for only civil liability which included theft. I was told my policy would be delivered to me within a week. After numerous calls week after week I finally contacted the owner of Altagama LTD. He promised the policy would be delivered to me in two weeks November 15th. Instead of receiving the policy I received a cancellation notice with a promise my money would be returned to me. (yes, and pigs fly south every winter) He gave no reason for the cancellation, but the Suzuki dealer offered to recommend another good company without even an apology for recommending "Altagama". It shouldn't take three months to deliver a valid insurance policy once payment has been made.

I'm looking for recommendations for a reliable and honest insurance company here in Medellin. I own my apartment here in Medellin and have been told by legal counsel that additional insurance is necessary to protect my assets in case of an accident.

I have learned that moto insurance runs between 1,000,000 COP and 3,000,000 COP per year. ($500 to $1,500 per year) I'm interested in only the civil liability due to the high cost.

By elk on Nov 21, 2007, 13:34 in Friendly Talkzone.

elk says on Nov 21, 2007, 14:38:

I would be interested in hearing stories from anyone who has filed an insurance claim here in Colombia and their opinions relating to their experience with the company.

vicshere says on Nov 21, 2007, 14:43:

elk insurance is a non issue here....the first twos years I bought insurance on my car 800,000 but it was a waste.....the problem most people don't have additional insurance and only carry standard government insurance.....most accidents can be solved by paying for the repair or a pay off.....a big accident and the insurance companies are no where to be seen....in other words drive carefully and be you own insurance company....life is dangerous in Colombia so life a dangerous life

listo

RAAAY says on Nov 21, 2007, 15:11:

As usual, Vicshare is totally wrong..........

......Elk..........contact the Suramericano agent I gave you the number for a few months ago................then ask a few people how good they are.............in your situation proper insurance is highly advised............

.........Its useless to argue with ignorance

vicshere says on Nov 21, 2007, 15:14:

insurance is only for the fucked up crazy for insurance American maniacs...if you are living PHB in Colombia then you don't have much to lose..the problem with this site as I can see is it should be LRWMM (living rich and want to waste my money)

listo

RAAAY says on Nov 21, 2007, 15:18:

That pretty much confirms the need to avoid his advise on anything...............

.........Its useless to argue with ignorance

vicshere says on Nov 21, 2007, 16:20:

same comment as on the other post for raaay

listo

elk says on Nov 21, 2007, 16:47:

Thanks for the comments. Raaay, I will take another look at your information.

Vicshere: Our circumstances may be different. I have assets I need to protect in case I injury or kill someone with my moto. In my case the victim could and would place a "demanda" on my home and I would lose everything. Insurance isn't important for those without assets, but in my case it is a concern according to legal councel...but thanks for you comment.

RAAAY says on Nov 21, 2007, 16:51:

Elk............for f**ks sake.......don'nt encourage him...

.........Its useless to argue with ignorance

vicshere says on Nov 21, 2007, 16:54:

you should be more worried about people who crash into you and don't have the money to pay your repairs....that's the scenario accident in Colombia

listo

elk says on Nov 22, 2007, 06:53:

Question: Has anyone ever had a good or bad experience with this company?

Royal & Sunalliance

They appear to be a very large company and have offices in Bogota and Medellin.

http://www.royalsunalliance.com.co/

vicshere says on Nov 22, 2007, 06:56:

I actually used them when I bought insurance for my car for the first 2 years.....here in B/manga you could pay with your MasterCard and the policy is given to while you wait....it took about an hour or so.....I didn't know they did motorcycles

listo

vicshere says on Nov 22, 2007, 06:57:

also remember I use to use the same company when I was living in Canada

listo