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*shrugs* Honda probably has different rules, but come to think of it, I don't know of a financing company that won't require:

a) that you have comprehensive and collision on your policy, and
b) that they be the "lienholder" on the account, meaning they are the primary payee in the case of a collision claim (bike's totalled, they want their money)

Psycluded wrote:*shrugs* Honda probably has different rules, but come to think of it, I don't know of a financing company that won't require:

a) that you have comprehensive and collision on your policy, and
b) that they be the "lienholder" on the account, meaning they are the primary payee in the case of a collision claim (bike's totalled, they want their money)

If you do through a bank it is this way, but like Buzz said, through the actual manufacturer's financing, they do not require full coverage, or even proof of any coverage for that matter. They've never even inquired on my insurance for my SV1000. But, through the bank, you always have to provide proof of full coverage, and always keep full coverage on it, even if you're not using it, until it is paid off.