FuLL COvErAgE?

[bender223]

is it worth the extra couple hundred dollars a year to get full coverage on a motorcycle that i only pay'd 3800 for? if yes why? THANK YOU GUYS SO MUCHO!!! :squid: :bowdown:

[TreAdidas]

YeS BeCaUse Of tHeFt.... AnD iF U dO CrAsh u WiLL bE OuT AlL oF yOUr MoNey WiThOuT iT.

[grimfandango]

i was trying to find a pattern in the thread title with the upper and lowercase text.. a la beutiful mind...

but found none... other than a msg that the gov't is out to get me... spooky...

[SilverRider]

YeS BeCaUse Of tHeFt.... AnD iF U dO CrAsh u WiLL bE OuT AlL oF yOUr MoNey WiThOuT iT.
+1

Did you finance it or pay cash? It would suck to pay a monthly payment for a bike you no longer have. If you paid cash for it then at least it would be covered and you can get another one should anything happen to your current one. Full coverage is a nice security blanket for which I like to cover all of my motored vehicles with. I also have renters insurance. I would rather pay a little extra every month rather than thousands if something bad should happen to any of my expensive toys.

[TreAdidas]

i was trying to find a pattern in the thread title with the upper and lowercase text.. a la beutiful mind...

but found none... other than a msg that the gov't is out to get me... spooky...

Hahah OMG lol lol.

+1

Did you finance it or pay cash? It would suck to pay a monthly payment for a bike you no longer have. If you paid cash for it then at least it would be covered and you can get another one should anything happen to your current one. Full coverage is a nice security blanket for which I like to cover all of my motored vehicles with. I also have renters insurance. I would rather pay a little extra every month rather than thousands if something bad should happen to any of my expensive toys.

Agreed. I've been on the azz end of getting your "crap tooken" and been sitting there without insurance. Going, now wait wait wait, I know I parked my car there. "You call the police and they come and say 'that's the 437th car stolen today' as if that's something that he really needed to mention. Then they start asking you real dumb questions like, 'well when was the last time you saw it?' You idiot! Right before they stole it!" Not a fun scenario.

[bender223]

grim, lol you are funny man. if you really must know (to protect your sanity) i do that to make the header *pop* so ppl will be more likely to see it in the list. as for the full coverage, i bought the bike cash, but still good points. i dont wanna get my bike jacked and then just be like "oh well that is really ****ty"

i was just riding in my parking garage are and wow i really like the feeling of being on a bike. but man they really dont tell you how sensitive the rear brake is in the m.s.f. course. i was going like 30 and it started sliding the back tire when i was breaking. i just held on and let it ride out, but it was a bit startleing. (ok a lot startleing)

it is sooo tempting to take it out on the street, but i will be responsible to myself and wait untill friday to goto the motorcycle show in long beach to get all the rest of my gear. i hear they have really good prices at the show, is buy-moto gonna be there? how bout any of you guys/girls?

[SilverRider]

The MSF bikes are crap. Good for what they are intended for but I would hate to ride one outside of learning on them. Alot of those learner bikes have drum brakes which don't work as well as disc brakes. Be very soft on the rear brake. I use the front most of the time. The rear is good for initiating braking followed by the front for the real stopping power. Never use your front brake when turning at slow speeds. You will lay your bike right down before you know what happen. The rear brake is good for scrubing off speed at low 1st gear speeds, i.e. parking lots or through the neighborhood.

As for the show, there is a thread on here with a few posts from people who are going to the show Saturday and Sunday. Good call on getting gear first. Statistics show that most riders lowside whithin the first few months of riding. As long as you have gear you should be a ok.

[TreAdidas]

I never ever ever touch my rear brake. You could honestly take it off my bike and it'd take me a week to notice.

[CBRMANIMAL]

In my opinion no. Its usually more then a couple of hundred anyway. My insurance is $162 for liability for the whole year or $756 for 6 months full.

[spewmonkey]

Full coverage not only covers you but that other guy's car / bike / thing that you wrecked if you are found more at fault and the guy's insurance company decides to sue you or just send to collections what it figures you owe them (this will screw up your credit).

Let's say you have the minimum liability and that's it, you get into an accident and somebody besides you gets hurt, say they had to spend a week in the hospital. You are later found at fault for the accident (low sided while going to fast) and took out another rider while just managing to get your leathers dirty. Your liability medical may have covered the first day if you're lucky and they didn't need multiple CAT scans and several units of blood. You are going to be a$$ out sued / billed / collected against for the remainder of what your liability didn't cover and that's for the med portion.

Let's say they were driving a $50K Custom Harley that's now wadded, you only had liability that doesn't cover replacement of that persons bike but their insurance will and you'll be sued / billed .....................

When you get insurance think of the worst case scenario and then think of how much a little peace of mind will cost you. BTW if you don't have adequate coverage but you have equity in a home / trailer / condo this will be one of the first assets you have to be court order leaned / foreclosed / auctioned, 401k, retirement, future wages, live at home parent's assets, you name it.

I pay through the nose for ins but you won't hear me complain about it, I drive like a mad man because I've been lucky and never had to use it.

[GPTECHMAN]

In my opinion no. Its usually more then a couple of hundred anyway. My insurance is $162 for liability for the whole year or $756 for 6 months full.

just wait...you will be regretting it sooner or later.

WORTH IT, IMO

[GPTECHMAN]

http://www.hypercycles.org/forums/showthread.php?t=10444

[sdtraviesosd]

if you have auto insurance try gettin insurance through them or better yet, your parents insurance. im still 18 so i can get insured though my parents. they have like 5 cars and they also insure the bike. its like $250 for six months full coverage with a $250 deductible per incident. so. try taht route.

[bender223]

spewmonkey, i gotta say man, you pointed out some things that i really didnt even think about. i actually do own the studio apt. that i live in and it would really really really suck if i lost it! i think your right a few extra bucks is definatly gonna be worth it in the long run (just in case) plus if my bike gets jacked i will wanna get a new one for sure! thanks everyone

[Termin8r]

Since your bike is a little older, see what the going rate for it is to get an idea what you'd get back from your insurance company. From there, you can decide whether it's better to pay for the additional insurance coverage or just set the money aside that you would have paid to put toward another bike.

If you're only worried about crashing it vs. having it get stolen, just get collision coverage to lessen the cost. That is the more expensive of the two.

[CBRMANIMAL]

Full coverage not only covers you but that other guy's car / bike / thing that you wrecked if you are found more at fault and the guy's insurance company decides to sue you or just send to collections what it figures you owe them (this will screw up your credit).

Do you know how insurance works or does someone pay for it for you? Liability insurance is to cover your liability for other cars, property damage and injuries that you cause. You can add Medical coverage for passengers that are in your car. Just because you have liabilty doesn't mean that its lower coverage, you can have the same ammount of coverage for damaged caused to other peoples property and injuries that you caused as full coverage.

My bike cost $3600, I was hit 4 months after getting it by a car and it totaled the bike, The MF that hit me took off. I paid for the repairs to fix my bike including replacment of the frame which cost me $1600. Last month I had a girl make a u-turn in front of me without looking and nailed me and my bike again. Her insurance paid me $4800 for the bike and $1900 for gear.
I spent some of the money I saved from not paying for full coverage on a GPS for my bike to protect it against theft.

If I crash my bike its my own fault and I shouldn't of been an idiot. If an accident is your fault on a motorcycle tuff, You know the risk of riding it so you should be cautious. I've avoided countless accidents because I drive around watching for idiots that are ****ing TEXTING or talking on their phone all day long. If I want to go up in the hills and drag some knee I am aware that I might crash.

The ammount of money I would of paid out in 2 years for full coverage almost adds up to what I paid for the bike. Its not economically smart to pay out that much. Its like putting 20's and beat in a 87 cutlass thats worth $500.
If I want to go out and buy a $12k new bike thats financed then yes I should have full coverage on it. There are reasons to have and not to have full coverage.

[Arnold_R1]

If I crash my bike its my own fault and I shouldn't of been an idiot. If an accident is your fault on a motorcycle tuff, You know the risk of riding it so you should be cautious. I've avoided countless accidents because I drive around watching for idiots that are ****ing TEXTING or talking on their phone all day long. If I want to go up in the hills and drag some knee I am aware that I might crash.


Damn, thats a pretty ignorant statement! Not all accidents can be prevented thats why they call them "accidents". As defensive as you are, some of them you can never predict.. unless you're Nostradamus! I guarantee when you least expect it... boom you're in the hospital and it doesn't matter how strong, alert or naive you are! :rolleyes:

If you choose to not pay for insurance, thats your choice but for those looking for pros and cons regarding insurance, it's piece of mind.

If you can't afford the bare minimum coverages knowing all the risks that are involved with sportbikes, when even bother getting a high CC motorcycle. Until it happens to them, those who are ignorant will never learn...

[sdtraviesosd]

liability insurance like someone mentioned covers expenses to the people who you hit or injure, but does not cover repairs to your bike or yourself( i believe). however it depends on how high or what limit you purchase. the bare minimum liability insurance is no where near enough to cover damages to others vehicles/bikes/especially medical expenses which is always a risk. i just looked it up and the minimum covers 15k per person/30k per accident/10k property. i think this means that it will only pay 15k per person for medical up to 30k? and only 10k to repair a vehicle. which is very lil if you consider you wreck a ducati or a harley.

[CBRMANIMAL]

I'm talking about an accident that I caused, that made damage to someone elses property. Like speeding, unsafe lane changes, crossing double yellows. Its not an accident because its a result of something that I did. Yes there are true accidents like oil, sand or gravel on the onramp, tree fell out of nowhere....true accidents but you still have to be aware of them, anytime you go on the road you have to expect that the turn you're taking at a speed that your more then capable of doing may be unsafe because there can be shiet on the road that fell out of a truck, so then it would be something that you had control over because you lost your ability to avoid the problem by going too fast. Everyone Does this every day think about it next time you go riding. I know there are people that have been riding for years without accidents and there are also people that have been riding for a short ammount of time with many accidents. Do you get where I'm going with this???

[GPTECHMAN]

no dude where are you going with this...

what is your liability? Whats your coverage?

[mtex22]

Since your bike is a little older, see what the going rate for it is to get an idea what you'd get back from your insurance company. From there, you can decide whether it's better to pay for the additional insurance coverage or just set the money aside that you would have paid to put toward another bike.

If you're only worried about crashing it vs. having it get stolen, just get collision coverage to lessen the cost. That is the more expensive of the two.

+1!! you are a wise man Rich:bowdown:

[spewmonkey]

Do you know how insurance works or does someone pay for it for you? Liability insurance is to cover your liability for other cars, property damage and injuries that you cause. You can add Medical coverage for passengers that are in your car. Just because you have liabilty doesn't mean that its lower coverage, you can have the same ammount of coverage for damaged caused to other peoples property and injuries that you caused as full coverage.

My bike cost $3600, I was hit 4 months after getting it by a car and it totaled the bike, The MF that hit me took off. I paid for the repairs to fix my bike including replacment of the frame which cost me $1600. Last month I had a girl make a u-turn in front of me without looking and nailed me and my bike again. Her insurance paid me $4800 for the bike and $1900 for gear.
I spent some of the money I saved from not paying for full coverage on a GPS for my bike to protect it against theft.

If I crash my bike its my own fault and I shouldn't of been an idiot. If an accident is your fault on a motorcycle tuff, You know the risk of riding it so you should be cautious. I've avoided countless accidents because I drive around watching for idiots that are ****ing TEXTING or talking on their phone all day long. If I want to go up in the hills and drag some knee I am aware that I might crash.

The ammount of money I would of paid out in 2 years for full coverage almost adds up to what I paid for the bike. Its not economically smart to pay out that much. Its like putting 20's and beat in a 87 cutlass thats worth $500.
If I want to go out and buy a $12k new bike thats financed then yes I should have full coverage on it. There are reasons to have and not to have full coverage.

I think I'm repeating myself, you have to think worse case, and the example that I gave is for minimum liability, OK sorry I didn't mention the fact that $10k of the persons recked Harley would be covered, you got me.

I do pay for my own insurance and thought long and hard about protecting all my assets and my family. You appear to support everything you have to say with economics of your own property replacement and the experience you have had with your two accidents which is fine, hind site is always 20/20 and you got lucky that the second person didn't run, had insurance, and I'm sure there were other factors involved that helped.

Take the same scenario: U-turn in front of you but no witnesses, you're laid out in a coma for 3 days and when you wake up you're handcuffed to the freaking bed, do you see where I'm going with this? You broad sided the girl, popped through her back window, and crushed the infant that she was Nannying. Her story fully supported by the police report: you were going to fast and there's no way when she turned around that she could have seen you coming or at the distance she did see you she had plenty of time if you were doing the posted speed limit to avoid an accident." Do you see where I'm going: Liability is that going to cover your lawyers expenses to get your a$$ a reduced sentence? How about your new Cell Mate bubba? Liability going to cover his habits? It wont even cover the lube you're going to need nightly; Bubba doesn't care if you're ready to go or not.

You have to think worse case, and I know people (not friends of mine) that when they have an accident or just drive like Shiit their standard answer is: "you hit me, I was in my lane minding my own business and you hit me!" - sound familiar to anyone?

[Dissident]

If you guys arepaying $1800/yr on a $3600 bik, you need to seriously shop around. I am paying less than $20/mo on a brand new $7000 bike; I paid ~twice that when I had an R1 and it was worth every penny.

What happens when someone totals your bike and takes off, or it gets stolen?

[nocontrol]

Threads posted earlier:

Stolen 2006 GSXR 1000
Stolen 2000 R1

Not sure if they had full coverage, but even if they had comprehensive, they're at least getting another bike.

Ask Brownbrown about insurance, and what his bike is doing right now or at least for the last 4 months. Sorry Jeff, you know I'm here to help with it.

Bottom line, get FuLL CoVerAgE. ShOp ARouNd for it. You won't regret it when you get in that CRASH (there are no accidents) or you come back to it after eating lunch and it's not where you parked it.

[CBRMANIMAL]

I have liability with 300k/300k 100k I think that was the max when I got it although It might have changed now. The only thing I don't have is collision or comprehensive. If comprehensive didn't cost so much that is the one I would add. Comprehensive covers your bike if it gets stolen or vandalized. Depending on where you live changes how much that costs.

Insurance companies are really stupid sometimes. If your speeding down a street into an intersection that has no stop signs on your direction but signs for the cross traffic. If someone leaves a stop sign because it is clear but because you are speeding and they did not see your vehicle you crash, As long as the speeding vehicle doesn't leave skidmarks there is no proof of how fast they were going so the person from the stop sign is at fault. I got screwed this way once. The damage to the vehicle more the proved that speed was an issue but the insurance comanies didn't care.
Although you example could possible happen, everything is based on proof. If you can prove your innoscence then even with full coverage your screwed. Your not protected from anything in your example with full coverage. Full coverage is to protect your assets only and is still has a ceiling. Every time your in an accident thats your fault the damaged caused is paid for from the liability coverage in your policy. The only thing full coverage is for is your vehicle and your injuries. Your ass with full coverage would still be locked up to the hospital bed if that scenero was to play out, Just hope you realize that.

[TreAdidas]

While we're on the subject..... let's rehash shall we?

READ THIS (http://www.hypercycles.org/forums/showthread.php?t=7146&highlight=insurance+limits) THREAD

http://www.hypercycles.org/forums/showthread.php?t=7146&highlight=insurance+limits

[GPTECHMAN]

I have liability with 300k/300k 100k I think that was the max when I got it although It might have changed now. The only thing I don't have is collision or comprehensive. If comprehensive didn't cost so much that is the one I would add. Comprehensive covers your bike if it gets stolen or vandalized. Depending on where you live changes how much that costs.

Insurance companies are really stupid sometimes. If your speeding down a street into an intersection that has no stop signs on your direction but signs for the cross traffic. If someone leaves a stop sign because it is clear but because you are speeding and they did not see your vehicle you crash, As long as the speeding vehicle doesn't leave skidmarks there is no proof of how fast they were going so the person from the stop sign is at fault. I got screwed this way once. The damage to the vehicle more the proved that speed was an issue but the insurance comanies didn't care.
Although you example could possible happen, everything is based on proof. If you can prove your innoscence then even with full coverage your screwed. Your not protected from anything in your example with full coverage. Full coverage is to protect your assets only and is still has a ceiling. Every time your in an accident thats your fault the damaged caused is paid for from the liability coverage in your policy. The only thing full coverage is for is your vehicle and your injuries. Your ass with full coverage would still be locked up to the hospital bed if that scenero was to play out, Just hope you realize that.

I hope you know that you are paying too much for insurance anyways... :roflmao:

I and probably an ass ton of people on the board are paying about 350/year for a fully insured bike and I have the 300/600k liability you spit so much about. :thumbsup:

Oh yeah that is with un(der)-insured motorist and all the premium rental reimbursements, roadside, and yadda yadda

State farm.

Do your research bud, your info is about as current as your bike

[Arnold_R1]

I know there are people that have been riding for years without accidents and there are also people that have been riding for a short ammount of time with many accidents. Do you get where I'm going with this???

True, but why even take that sort of gamble?!?! Insurance isn't there to rob you, it's there to protect you. If you can't even make the necessary financial adjustments, then you put yourself in a bad situation to begin with.

You know if someone stole your CBR900RR this morning, you would be out $3800 regardless if you paid cash or financed it. Try calling around to see what other carriers can offer. Remember, one quote from State Farm will yield a different quote from another State Farm office in a different location etc.


While we're on the subject..... let's rehash shall we?

READ THIS THREAD

http://www.hypercycles.org/forums/sh...surance+limits


EXACTLY!

[CBRMANIMAL]

Those are the quotes I got last year when I first got my bike. I wanted to go back to state farm but they wouldn't take me cause I have a ticket. With state farm you are able to add a motorcycle on the same policy as your cars. Getting a generous Multiple car discount. I have 21st auto insurance for my truck which is $1600 a year for full coverage on my truck with $5k in additional accessories covered, they won't add the bike to the policy because they require a seperate policy that would have me as a primary driver on both the truck and the bike which is a waste if you ask me since I ride the bike as a primary. I have a company that only does non auto insurance, motorcycles and such. I've always checked my prices before getting insurance.

Insurance companies aren't in business for your protection they are there for money. Plain N simple

[spewmonkey]

I hope you know that you are paying too much for insurance anyways... :roflmao:

I and probably an ass ton of people on the board are paying about 350/year for a fully insured bike and I have the 300/600k liability you spit so much about. :thumbsup:

Oh yeah that is with un(der)-insured motorist and all the premium rental reimbursements, roadside, and yadda yadda

State farm.

Do your research bud, your info is about as current as your bike

:popcorn:

[Arnold_R1]

Those are the quotes I got last year when I first got my bike. I wanted to go back to state farm but they wouldn't take me cause I have a ticket. With state farm you are able to add a motorcycle on the same policy as your cars. Getting a generous Multiple car discount. I have 21st auto insurance for my truck which is $1600 a year for full coverage on my truck with $5k in additional accessories covered, they won't add the bike to the policy because they require a seperate policy that would have me as a primary driver on both the truck and the bike which is a waste if you ask me since I ride the bike as a primary. I have a company that only does non auto insurance, motorcycles and such. I've always checked my prices before getting insurance.

Insurance companies aren't in business for your protection they are there for money. Plain N simple

21st quoted me $300/yr more than what my current policy is with AAA. State Farm was also $80 more since I didn't qualify for the MVD. I'm paying about $370/yr for full coverage on my bike with AAA.

[Dissident]

I have liability with 300k/300k 100k I think that was the max when I got it although It might have changed now. The only thing I don't have is collision or comprehensive. If comprehensive didn't cost so much that is the one I would add. Comprehensive covers your bike if it gets stolen or vandalized. Depending on where you live changes how much that costs.

Insurance companies are really stupid sometimes. If your speeding down a street into an intersection that has no stop signs on your direction but signs for the cross traffic. If someone leaves a stop sign because it is clear but because you are speeding and they did not see your vehicle you crash, As long as the speeding vehicle doesn't leave skidmarks there is no proof of how fast they were going so the person from the stop sign is at fault. I got screwed this way once. The damage to the vehicle more the proved that speed was an issue but the insurance comanies didn't care.
Although you example could possible happen, everything is based on proof. If you can prove your innoscence then even with full coverage your screwed. Your not protected from anything in your example with full coverage. Full coverage is to protect your assets only and is still has a ceiling. Every time your in an accident thats your fault the damaged caused is paid for from the liability coverage in your policy. The only thing full coverage is for is your vehicle and your injuries. Your ass with full coverage would still be locked up to the hospital bed if that scenero was to play out, Just hope you realize that.

So, I'm a little confused. You say if you cause an accident then you'll pony up the money.. But then....

So, you're saying that you can get blamed for an accident that is not your fault, but where I get confused is when you say that even with full coverage you are screwed. So, someone else causes the accident, but you get blamed. With full coverage; bike is fixed. Without it, bike is not, so you are out one bike through no fault of yours. Sounds like a good case FOR full coverage. :confused:

[spewmonkey]

So, I'm a little confused. You say if you cause an accident then you'll pony up the money.. But then....

So, you're saying that you can get blamed for an accident that is not your fault, but where I get confused is when you say that even with full coverage you are screwed. So, someone else causes the accident, but you get blamed. With full coverage; bike is fixed. Without it, bike is not, so you are out one bike through no fault of yours. Sounds like a good case FOR full coverage. :confused:

+1, :clap:

[nocontrol]

Those are the quotes I got last year when I first got my bike. I wanted to go back to state farm but they wouldn't take me cause I have a ticket. With state farm you are able to add a motorcycle on the same policy as your cars. Getting a generous Multiple car discount. I have 21st auto insurance for my truck which is $1600 a year for full coverage on my truck with $5k in additional accessories covered, they won't add the bike to the policy because they require a seperate policy that would have me as a primary driver on both the truck and the bike which is a waste if you ask me since I ride the bike as a primary. I have a company that only does non auto insurance, motorcycles and such. I've always checked my prices before getting insurance.

Insurance companies aren't in business for your protection they are there for money. Plain N simple
You're getting screwed man. I'm paying $210 each for my GSXR 600 and the G/F's YZF600R per year. But, that's also with my MVD which includes my truck, my mustangs, my G/F's truck, her jetta, my house, my personal rider and the computers... Overall, I pay about 380 bucks a month for 8 vehicles, a house and personal riders. 250 decuctable, 100/300/100 limits. With USAA. Oh, and while we're on the subject of gettin' screwed by the insurance companies- 2 months after I signed with them, I rolled my first truck (1993 Ranger). One car accident, and the police reports said the weather was a factor. A check arrived for full market value 5 days later no questions asked. And my rates did not go up.

Call around

[CBRMANIMAL]

Go back and read the quote that I was referring too. Your confused because you didn't read it.

So, I'm a little confused. You say if you cause an accident then you'll pony up the money.. But then....

So, you're saying that you can get blamed for an accident that is not your fault, but where I get confused is when you say that even with full coverage you are screwed. So, someone else causes the accident, but you get blamed. With full coverage; bike is fixed. Without it, bike is not, so you are out one bike through no fault of yours. Sounds like a good case FOR full coverage. :confused: