Total Motorcycle Community Forums

Look at it this way...you got full coverage, right? Someone steals my bike, I'm in the market for something new.

But then you need to deal with the damn insurance companies... where's that little puking smiley?

ZooTech wrote:Look at it this way...you got full coverage, right? Someone steals my bike, I'm in the market for something new.

yeah, i have full coverage but sev is right, insurance is gonna go up.

Eh just white it out as a precaution. An ounce of prevention...


Besides it takes like two seconds to draw a white/black box over it in paint and then hit save.

VermilionX wrote:

ZooTech wrote:Look at it this way...you got full coverage, right? Someone steals my bike, I'm in the market for something new.

yeah, i have full coverage but sev is right, insurance is gonna go up.

That's not really what I meant, they're going to mess about trying to pay out as little as possible, while you try and fight to get as much as possible and it's just a huge hassle you wouldn't want to deal with.

Sevulturus wrote:
That's not really what I meant, they're going to mess about trying to pay out as little as possible, while you try and fight to get as much as possible and it's just a huge hassle you wouldn't want to deal with.

isn't that what GAP insurance is about? i bought that insurance so GAP insurance will fill the gap between what the insurance paid and the price of my bike.

I've never gotten gap insurance. I don't get the point of it, I pay the insurance company to insure my vehicle, but they don't insure the whole thing? Its just another way for the insurance to pocket more of your money.

I'm pretty sure that gap insurance is supposed to bridge the gap between what the vehicle is worth and what you owe on it. Two very different numbers when you're talking about a relatively new vehicle.

With the way people finance things these days, it's not unusual for them to owe more that the vehicle is worth for several years after the purchase.

I'm pretty sure that gap insurance is supposed to bridge the gap between what the vehicle is worth and what you owe on it. Two very different numbers when you're talking about a relatively new vehicle.

With the way people finance things these days, it's not unusual for them to owe more that the vehicle is worth for several years after the purchase.

I know what its for, I know its true...I just think its ridiculous. Insurance should cover the balance of the lein at the very least, at a minimum! You shouldn't have to pay extra for insurance to cover what you owe on the vehicle vs what its worth. If you own the vehicle, sure you can get regular insurance and insure what it is worth, but if a bank holds the title, you should be insured for that balance amount, not what it depreciates to the moment you drive off the lot.

IMO its one more way insurance companies pocket more of your money, especially if you wreck that new vehicle, your insurance company doesnt have to pay the finance company full amount and you still owe what is left over in the financing...ridiculous.

I don't see what is wrong about that. Why should the insurance company pay off your debts? I think it is reasonable they give you what the bike was worth before you crashed it.