Posted April 01, 2004 - 09:18 AM
Posted April 01, 2004 - 09:47 AM
Posted April 01, 2004 - 12:09 PM
Can anyone recommend a good company to get Theft and Fire/Damage insurance? I have USAA for my house and cars but they say they can only put full coverage on the bike at $300 a year. I know other guys that have the coverage that I am looking for at $60 a year. I called Allstate and they can only cover the bike as an add on to an existing policy. Any help would be appreciated.
Posted April 01, 2004 - 03:30 PM
Posted April 02, 2004 - 04:28 AM
State farm said they could insure my bike for some outrageous amount. Why? I don't know, but I'm going to talk to them again. I have another bike insured with them so I don't get it. What is your bike listed as on the policy? Mine is plated by the way.
I don't have my dirt bike insured with them, but everything else is.
Posted April 02, 2004 - 05:21 AM
Posted April 02, 2004 - 06:21 AM
Posted April 02, 2004 - 06:31 AM
If a company isn't insuring its possible that it will be in the future.
Posted April 02, 2004 - 06:48 AM
I just got a blanket liability policy for my family. What I didn't know was that since I have a PW50 and an XR50 for 2 of my boys, I had to buy a motorcycle liability policy for these because they are not covered under the home owners policy. If they hit someone or if someone else rides it and gets hurt, you pay out of pocket.
Posted April 02, 2004 - 12:31 PM
Posted April 02, 2004 - 05:50 PM
I will second Progressive Insurance. Easy to deal with but I haven't had a claim yet. I think it was around $120 for full coverage year around.
Could you give us some details on your policy i.e. liability, fire wind theft, collision etc. I want to have some ammo when I talk to them. I took the details of my friends policy to State farm and managed to knock 60% off my payments.
My other bike cost about 5 times the price of my 450 and State farm wanted the same premium. It's amazing how you can wheel and deal with insurance company's. If you don't, they'll take you for all they got.
Posted April 03, 2004 - 07:57 AM
1. Most important....you must not let the insurance company know you use the bike for racing, or that ride you ride at a track. Insurance companies get very scared of anything used to compete b/c of the liability concerns. Now we all know that it would be a cold in hell that one of us decides to sue another twister b/c they landed on on you at the bottom of a double or took you out on the singletrack. However, insurance companies don't think that way.
So, when asked what kind of riding do you do. you tell em that you mostly ride trails and or dirt roads. no racing or competing
2. You don't use your bike to commute to work. Never use work as usage, higher rates b/c likely to have loss at rush hour.
3. go with 1k collision ded b/c what are the chances that your going to have an at fault accident, or if you did that you'd actually file a claim. So go with high collison ded. Incidently, this part of coverage is typically the highest on the policy too.
4. This is a biggy!!Go with very low comprehensive deductible. like 250 or lower. Reason:This is what most of us want coverage for things like (theft, fire, weather damage,flood(dumping a bike in the river doesn't count) collisons with animals(yes you hit a deer on the trail and this is a comprehensive claim) Contary to popular belief if you file a comprehensive claim, your rates do not go up. Comp claims are considered to be not at fault, or acts of god
5. Lastly, if the insurance company will let you, just get comp only, liability would only be if your bike is titled for street use.
If you got questions, feel free to post.