Is insurance worth it?

[Dracovite]

I agree with most of what's been said, and my insurance is due on Thursday so it hits home. I've owned 33 bikes and I've insured less than half of them because I regarded the risk as worth taking. I won't take that risk on a bike worth 19k. It could be flogged, smashed by some f*&^ing arsehole in a carpark or I could once again have an idiot in a car run a red light and take my bike out which resulted in a very wrecked TS400 Apache. Many years ago I was drinking with a mate of mine at the Rugby Union Club in Newcastle (those were the days!) and he decided to pop over the hill to get changed, he did'nt come back as he smashed into a new beemer, he was f****d as he was not insured. Insurance is a total pain in the arse and I resent every dollar I spend on it, and we all spend heaps! I personally won't risk riding THIS bike without it as much as it gives me the shits. We all make our own decisions based on our experiences and our fears/confidence etc. Bankruptcy is an option if we are unlucky enough to prang into a Porsche and we're not covered. Just my $800 worth. <i></i>