Even if you could get around the insurance logistics, sitting on stands for two years is better than potentially sitting on its side in a ditch for even a minute.
'Renting' out the bike to a friend
- Thread starter bboySushi
- Start date
Even if you could get around the insurance logistics, sitting on stands for two years is better than potentially sitting on its side in a ditch for even a minute.
ScooterBoy
Well-known member
What more could a guy ask for? ScooterBoy approvals ftw.
Hehe...The things you don't know that you need until you actually have them! ;-)
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Good idea but please, for the love of god, stay away from stock indexed Utilities GICs. DAMHIK.
exactly wtf
What your proposing leaves you with 100% of the liability. If your friend crashes it you're not only out the bike, but YOU suffer the insurance hit. If someone decides to sue after the accident, it's YOU that's on the hook.
That's if your insurance company doesn't retroactively cancel the policy when they discover what you've been doing, leaving you on the hook for everything liability and cost wise...and then you have all that to deal with PLUS an insurance cancellation on your record for when you return home.
This can go all sorts of wrong and has absolutely zero upside for you. I agree with others, park the bike somewhere for the 2 years. Take the battery out of it, fog the engine, stabilize the gas, plug the exhaust, and if you're really paranoid, mist it with Rust Check or something...and leave it be. Upon return, wash it, install new battery, start engine, ride.
That's if your insurance company doesn't retroactively cancel the policy when they discover what you've been doing, leaving you on the hook for everything liability and cost wise...and then you have all that to deal with PLUS an insurance cancellation on your record for when you return home.
This can go all sorts of wrong and has absolutely zero upside for you. I agree with others, park the bike somewhere for the 2 years. Take the battery out of it, fog the engine, stabilize the gas, plug the exhaust, and if you're really paranoid, mist it with Rust Check or something...and leave it be. Upon return, wash it, install new battery, start engine, ride.
If the insurance gap is a concern to you, just suspend the insurance instead of cancelling it. That'll leave you with theft and fire coverage but no liability - it typically only runs a few dollars a month. I suspend my pickup truck every fall (don't haul the horses in the winter so no need for it) and it costs me $5/month to maintain fire and theft. In the spring, reinstating is a 5 minute phone call.
boyoboy
Well-known member
lent my bike to a buddy for a weekend. buddy broke a telephone pole. buddy broke his hip, and still has a limp. buddy got a lawyer and said bike sucked. not buddies anymore. luckily my insurance company provided me with a lawyer. six figure case dropped.
That's the thing with all the looney lawsuits you read about in the news where the guy sues his friend/family member who had no negligence in the accident (deer runs out in front of your car and your passenger gets hurt - passenger sues you). The legal advice is to always pursue the insurance company with the coverage. In this instance it's the person who owns the motorcycle...
Do you have stats man?
The father of a girl a dated had the same thing happen to him but with a snowmobile.
Friend asks to take his machine for a rip. Father says sure. Guy wipes it out and gets hurt bad. Sues the father. Can't remember exactly what the result was but it was a years long process
Unless he plans on claiming asylum wherever he's going and never return home, it's not quite like that. Ask any student who's tried to run away from their OSAP loan, much less a lawsuit.
redridernl
Well-known member
I bet the o.p. ignores the advice and does it anyway.
