Insurance woes

Message

DirtyD86 · #21 Unread post by **DirtyD86** » Tue May 16, 2006 5:44 am

two words for you guys. liability only.

only $142 a year on my ninja 250

ofblong · #22 Unread post by **ofblong** » Tue May 16, 2006 6:09 am

DirtyD86 wrote:two words for you guys. liability only.

only $142 a year on my ninja 250

liability doesnt replace gear/bike if something happens.

dieziege · #23 Unread post by **dieziege** » Tue May 16, 2006 6:21 am

No, but a job will.

flynrider · Tue May 16, 2006 12:55 pm

ofblong wrote:
DirtyD86 wrote:two words for you guys. liability only.

only $142 a year on my ninja 250
liability doesnt replace gear/bike if something happens.

If you have an old bike, like the original poster, full coverage could cost you more in one or two years than it would cost to replace the bike.

Whether or not to insure beyond liability is going to depend on whether or not you could afford to replace the bike.

I have a friend that automatically insures everything to the hilt. When he told me that he had full coverage on his 25 yr. old Yamaha, I couldn't believe it. When I actually looked at his coverage document, he was paying $250/yr. for the extra coverage. His bike was worth $750 and there was a $200 deductable. In a nutshell, every two years, he had fully paid the insurance company what would be the maximum they would pay him if the bike were stolen/crashed into a brick wall. A complete waste of money.

Myself002 · Tue May 16, 2006 12:57 pm

flynrider wrote:
ofblong wrote:
DirtyD86 wrote:two words for you guys. liability only.

only $142 a year on my ninja 250
liability doesnt replace gear/bike if something happens.
If you have an old bike, like the original poster, full coverage could cost you more in one or two years than it would cost to replace the bike.

Whether or not to insure beyond liability is going to depend on whether or not you could afford to replace the bike.

I have a friend that automatically insures everything to the hilt. When he told me that he had full coverage on his 25 yr. old Yamaha, I couldn't believe it. When I actually looked at his coverage document, he was paying $250/yr. for the extra coverage. His bike was worth $750 and there was a $200 deductable. In a nutshell, every two years, he had fully paid the insurance company what would be the maximum they would pay him if the bike were stolen/crashed into a brick wall. A complete waste of money.

you know... I've never thought of insurance in that way..

ofblong · #26 Unread post by **ofblong** » Tue May 16, 2006 1:46 pm

neither did I.