Insurance aka Satan's O-ring

[Dima]

wow. 4 pages already!

well, Read em all, and looks ike some of you ask how did I get a bike without insurance, and why I didn't do my research.

1. WA state does not requires insurance on motorcycle, because its "recreational" vehicle here.
2. I asked my friends around, dealers even cops, if I need insurance in the state, and they said nope. So i went to a dealer, and said I need to finance a bike. THey said ok, lets run a credit, and sign the papers. Day later I got a bike. They didn't mention anything about any insurance requrements when I'm financing through credit union, I called credit union to ask about my monthly payments, nobody mentioned anything. And two days ago I get a letter saying I need to send a proof of insurance.
I'm not trying to talk my way out, and make it sound like I'm making excuses. I know that i should have asked specificaly about financing and insurance.
And no, i never knew you have to get insurance when you are financing something.
Now my lesson learned, and I have to deal with it.


Returning to my problem - I'll try to get a loan through the bank (I called my bike financing firm and finds out I need to pay off little over 5000) and pay off my bike with that loan, and with try to bust my "O Ring" on overtime to get that loan paid off as soon as possible.

Life is hard, get a helmet

[Skier]

wow. 4 pages already!

well, Read em all, and looks ike some of you ask how did I get a bike without insurance, and why I didn't do my research.

1. WA state does not requires insurance on motorcycle, because its "recreational" vehicle here.

The Revised Code of Washington (RCW) states you must be able to post a $25,000 bond in case of an accident you may have contributed to. I'll take the $250 a year insurance.

[icariz83]

Wow, I'm not attacking anyone here I'm just trying to say when you're younger you don't have the income that you do once you graduate college, etc. Therefore you cannot afford insurance on your own.

A point I was getting at is would you rather prefer younger people to just not get insurance at all because of the cost or would it be okay if they insured their bike through their parents name?

Just because they have it under their parents name doesn't make them a dishonest person...they're still taking the initiative to get insured.

And please don't start this MTV generation debate...you're making generalizations that has nothing to do with this.

[flynrider]

Just because they have it under their parents name doesn't make them a dishonest person...they're still taking the initiative to get insured.

Whether it's honest or not is going to depend on the specific contract with the insurance company. If the company will extend a parent's insurance policy to cover dependent minors, that's just fine. The fine print usually requires the minor to be under the age of 18 and living at home, OR under the age of 22 and a full-time student. (specifics vary with the company)

If you try to fudge your way into that category and you don't really qualify, the policy will be worthless if the company finds out. That's pretty much the equivalent of having no insurance. If the claim is for a substantial amount, they will verify that the driver meets their qualifications before paying a big claim.

[snwbrdr]

If the motorcycle is registered in your parents name and the insurance has them listed as primary driver, but you are allowed to drive with their permission then what it typically means is you are only supposed to operate said vehicle rarely. If the vehicle is registered in their name and both of you are listed as drivers then you may both drive it as much as you like; if you are only listed as a secondary driver or a driver with permission and you drive the vehicle more than 50% of the time it is operated then you are commiting insurance fraud.
end of story.

[VermilionX]

If the motorcycle is registered in your parents name and the insurance has them listed as primary driver, but you are allowed to drive with their permission then what it typically means is you are only supposed to operate said vehicle rarely. If the vehicle is registered in their name and both of you are listed as drivers then you may both drive it as much as you like; if you are only listed as a secondary driver or a driver with permission and you drive the vehicle more than 50% of the time it is operated then you are commiting insurance fraud.
end of story.

my insurance card doesn't have a "primary" or "secondary" list of drivers and my agent never mentioned that anybody else in my family can't use my car more than me.

try AAA. they have none of this primary/secondary driver BS.

[Skier]

A point I was getting at is would you rather prefer younger people to just not get insurance at all because of the cost or would it be okay if they insured their bike through their parents name?

That's a false dichotomy from which I'm not going to pick. If you can't afford insurance, you can't afford to drive.

If the motorcycle is registered in your parents name and the insurance has them listed as primary driver, but you are allowed to drive with their permission then what it typically means is you are only supposed to operate said vehicle rarely. If the vehicle is registered in their name and both of you are listed as drivers then you may both drive it as much as you like; if you are only listed as a secondary driver or a driver with permission and you drive the vehicle more than 50% of the time it is operated then you are commiting insurance fraud.
end of story.

my insurance card doesn't have a "primary" or "secondary" list of drivers and my agent never mentioned that anybody else in my family can't use my car more than me.

try AAA. they have none of this primary/secondary driver BS.

Oh ok.

[Loonette]

A point I was getting at is would you rather prefer younger people to just not get insurance at all because of the cost or would it be okay if they insured their bike through their parents name?

I was responding to your comment that if you play life by the rules, then you're just getting screwed. And I stated that, in my opinion, there's a lot more integrity in paying your own way than in trying to cheat the system (or whatever you want to call it). Personally I don't care what other people do with their insurance issues - I already responded to his original query. I do my own thing because it seems right for me, and he'll do what seems right for him. What I have a problem with is you acting like those of us who take care of our own business are just a bunch of pushovers. To me, it's called paying your dues, and that's just my opinion.

Loonette

[Bugg]

If the motorcycle is registered in your parents name and the insurance has them listed as primary driver, but you are allowed to drive with their permission then what it typically means is you are only supposed to operate said vehicle rarely. If the vehicle is registered in their name and both of you are listed as drivers then you may both drive it as much as you like; if you are only listed as a secondary driver or a driver with permission and you drive the vehicle more than 50% of the time it is operated then you are commiting insurance fraud.
end of story.

But, who is to say that at the time an accident occured, it WASN'T during one of the rare times that person was using it, trying ot argue this point either way would be really difficult, yet you can guarantee the Insurance Carrier would find a way to not pay up--even if it were a legitimate claim


grr..sorry I'm riled on insurance now because of the homeowners policies in my area starting to refuse coverage for certain types of weather damage because 'our area is due for something big to happen'..what a load of crap...so, basically they are admitting they were only covering us when they knew that nothing was going to happen..ie..no real need for coverage, but they sold us on it anyway..with big smiles

[VermilionX]

skier,

i didn't go through any of that. maybe it's different from state to state.

i insured my car and bike and listed all of my family members as insured drivers. there was no mention that they can't use my car more than me.