Insurance options what do you have and why

[jska2636]

Looking for insurance for my 04 chopper, torn between liability or full coverage..is full coverage worth it if u make a claim what are they paying out or how are they determining value to pay out..the value of these things are all across the board from 5,000-25,000..i know mine isnt worth 25,000 but cant decide on insurance..what do you have, and why, and who do you use, what do they value the bike at at insurance companys..

 

[jska2636]

I have geico and they have a value on my 06 pitbull in an event of total loss or stolen I get $14,500 minus my $250 deductible

How did they determine that value? Did you take it and have it appraised?

 

[pknowles]

State Farm, they cover just about everything I own.

 

[jska2636]

the insurance company came up with the value using my location, low mileage and overall condition

Ok ill give geico a call thanks for your input..progressive was putting a value of $5-$7,000 screw that i payed more than that for it just a few weeks ago! 14,000 miles on the s&s117 and everthing is in mint like new condition..they can kiss it with that value..i saw one the otherday at the dealership same as mine different paint color but they had it forn $22,000..again i know mine is worth that much but i was thinking more like $12,000-$14,000 like you mentioned..

 

[jska2636]

Keep in mind mine had 1500 miles on it last October when I bought it

True, but 14,000 is really low also..matter fact they didnt even take milage into consideration when valuing it for full coverage...im ganna call geico next..

 

[BWG56]

How did they determine that value? Did you take it and have it appraised?

the insurance company came up with the value using my location, low mileage and overall condition

WTF,

 

[Nཛ͢ཀཇཧ༏ཧי]

I've got mine through State Farm. When I went down last year, I made up my own estimate and sent them links to several bikes for sale. They accepted my estimate and my $18,500 valuation. They considered the bike a total loss sent me a check for $14,500 & let me keep the bike with an unbranded title. So, I'd say I'm a huge advocate of full coverage I spent all the money on paying bills during my recovery, but without it, I'd probably been up a creek.

 

[BWG56]

I have Progressive cause Kevin has Geico

 

[bdm7250]

I am with Allstate, full coverage on agreed upon replacement value of $26,000.

 

[jska2636]

I am with Allstate, full coverage on agreed upon replacement value of $26,000.

If you dont mind me asking sir what kind of $$ monthly rates are you paying to have an agreed $26,000 payout

 

[bdm7250]

$1100 per year.

 

[Th3InfamousI]

Damn I pay $500 ish for both bikes full coverage

You don't have 26K coverage either . He's got almost double coverage. And they just throw that Harley in for free, those sporsters are falling off the back of trucks these days plenty of em

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[jska2636]

$1100 per year.

Damn thats good, these insurance companys are trying to fck me..how hard was it to get them to agree to all that?

 

[jska2636]

Damn I pay $500 ish for both bikes full coverage

And what kind of coverage do you get woth that 500 dollar plan? What are they going to pay out if the bike was stolen or a total loss?

 

[Th3InfamousI]

And what kind of coverage do you get woth that 500 dollar plan? What are they going to pay out if the bike was stolen or a total loss?

Check out Dairyland they specialize in MC insurance that's who I have nobody has been able to touch their rates. I just got new home and truck insurance my broker asked If I had anything else I said I got two bikes but I know you can't compete. He asked to let him try I said fine but I'm telling you your not gonna be close. After about 10 minutes he said yea I'm not close even with the multi policy discount. I pay $912 a year full coverage on both bikes about $15K each

HOG members get a 20% discount too.

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[bdm7250]

Damn I pay $500 ish for both bikes full coverage

$1100 Canadian dollars = 20 bucks American...

 

[bdm7250]

Damn thats good, these insurance companys are trying to fck me..how hard was it to get them to agree to all that?

One question from my agent: what is the replacement value? I was dumbfounded and 26 grand flew out of my mouth like verbal diarrhea...

 

[bdm7250]

Well I guess technically replacement would be the price of a new one! $35,000

Good point, maybe I will bring that up at renewal time..

 

[jska2636]

Thanks for all.the input, im ganna have to do some more calling around..the companys i was getting quotes from were only going to pay out blue book value of less than $7,500 to as low as $5,000...with that amount of coverage it not worth getting full coverage..

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[bigkelk9]

Looking for insurance for my 04 chopper, torn between liability or full coverage..is full coverage worth it if u make a claim what are they paying out or how are they determining value to pay out..the value of these things are all across the board from 5,000-25,000..i know mine isnt worth 25,000 but cant decide on insurance..what do you have, and why, and who do you use, what do they value the bike at at insurance companys..

I have state Farm on everything I own, they asked me what I wanted it covered at and at the time it was 18k and that's what it's covered for today.. my 07 k9 is covered for 438 every 6 months.. no complaints here.. and yes full coverage is the only way to go