how is the 2002 CBR 600 F4I

[FlightTeam6er]

No, when he lives in the same house and is related, it doesn't work that way.

If it did why would ANYONE pay through the nose to put their kids on their insurance policies while they're living at home? Everyone would just not bother. Go ahead kids, drive the car, it's insured under my name, I'm just "loaning" it to you, no problem?

So, Bermuda is more or less correct. Dude is driving uninsured for all intents and purposes....because the $8000 quote he admits getting to actually have his name on the pink slip and be legal was too expensive, again, as he mentioned.

Further to that, for his dad to have insured the bike under his name he has told the insurance company that he is the primary and only rider (a lie, clearly, just to save his son from paying the insurance he admits to not being able to afford), so if he actually needs the insurance someday, the insurance company is going to nullify and cancel the policy immediately...leaving him holding the bag on on a potentially millions of dollars tort claim, in the right situation.

Not to mention the driving without insurance HTA tickets if ever caught. He *might* be able to get out of that one if the officer decides to cut him a break based on the fact the bike is actually insured, but the bike being in one name and a different one on the insurance slip will raise eyebrows and could still end bad for him.

You didn't understand what I said. I meant he "has permission" BT being the secondary rider on the policy. I figured that was obvious.

Also i spoke with Allstate agent awhile back and the agent told me that if there is more then 1 licence holder in a household they both have to be on the insurance. The only way to avoid this is a written and signed letter stating the secondary rider agrees never to ride it.

I highly doubt he is planning on ridng without insurance like you are saying. That would be completely foolish.

 

[nfq]

You didn't understand what I said. I meant he "has permission" BT being the secondary rider on the policy. I figured that was obvious.

Also i spoke with Allstate agent awhile back and the agent told me that if there is more then 1 licence holder in a household they both have to be on the insurance. The only way to avoid this is a written and signed letter stating the secondary rider agrees never to ride it.

I highly doubt he is planning on ridng without insurance like you are saying. That would be completely foolish.

Almost there. You're getting it.

 

[Iceman]

You didn't understand what I said. I meant he "has permission" BT being the secondary rider on the policy. I figured that was obvious.

Also i spoke with Allstate agent awhile back and the agent told me that if there is more then 1 licence holder in a household they both have to be on the insurance. The only way to avoid this is a written and signed letter stating the secondary rider agrees never to ride it.

I highly doubt he is planning on ridng without insurance like you are saying. That would be completely foolish.

The problem is that there's no way the op is on his dad's policy as either primary or secondary. If he was, it wouldn't be $1000/year.


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[Joe Bass]

The problem is that there's no way the op is on his dad's policy as either primary or secondary. If he was, it wouldn't be $1000/year.


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....and Boom! goes the dynamite!

Sent from a Samsung Galaxy far, far away using Tapatalk

 

[FlightTeam6er]

The problem is that there's no way the op is on his dad's policy as either primary or secondary. If he was, it wouldn't be $1000/year.


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Guess he's in for a big surprise then eh.

 

[Sandman124]

TD allows you to do this. I'm the owner and primary rider but my Son is allowed to ride the bike as well. That's why I chose TD. All on the up and up

 

[Bermuda]

TD allows you to do this. I'm the owner and primary rider but my Son is allowed to ride the bike as well. That's why I chose TD. All on the up and up

The OP here could, too.

For $8000.

 

[PrivatePilot]

TD allows you to do this. I'm the owner and primary rider but my Son is allowed to ride the bike as well. That's why I chose TD. All on the up and up

I'm reasonably confident you're mistaken, again as per my last reply if that sort of thing was an option every parent on the face of the planet would be taking full advantage of it instead of paying a small fortune to insure their kids on their own vehicles. I somehow doubt TD is somehow providing this typically ludicrously expensive coverage for free.

I just called my own insurance company a month or so back and inquired about adding my 19-year-old son as an occasional driver on my piece of crap beater and it was $900 per year...and he wasn't eligible for our (in good standing) accident forgiveness allowances either, so any at fault was a 100% full blown ding on OUR record....since he's sharing our policy.

A stand-alone policy for him that wouldn't screw us in the case he screws up was almost $4000.

 

[klr_guy]

TD allows you to do this. I'm the owner and primary rider but my Son is allowed to ride the bike as well. That's why I chose TD. All on the up and up

Does your son live in the same house as you? I'm guessing not.

 

[cbr600_brandon]

Sounds like a good ol' Keswick family

use to live in Etobicoke but Toronto is ghetto and trash so we moved

 

[PrivatePilot]

Does your son live in the same house as you? I'm guessing not.

Exactly, key fact. Loaning your vehicle to a neighbor or relative who does *not* live at the same address and insurance will cover you so long as it's clearly a temporary situation and not a permanent arrangement. Those who think they're fooling an insurance company with the latter claiming the former are only kidding themselves, insurance companies figure this **** out, particularly if there suddenly on the end of a huge claim and they smell something fishy....and if they find out, bang, policy invalid and claim denied.

Having the involved party post their indiscretions on a public forum along with all sorts of easily identifiable clues and information makes things super easy for them as well I'm sure.

Last thing to remember, if the person you loan your vehicle to gets in an accident the owner (not the driver) gets screwed for it in the end, so lend wisely.

 

[JP0160]

Sounds like a good ol' Keswick family

We are a bunch of hooligans i tell ya

 

[cbr600_brandon]

TD allows you to do this. I'm the owner and primary rider but my Son is allowed to ride the bike as well. That's why I chose TD. All on the up and up

how old is your son and what type of bike

 

[boarder360]

Exactly, key fact. Loaning your vehicle to a neighbor or relative who does *not* live at the same address and insurance will cover you so long as it's clearly a temporary situation and not a permanent arrangement. Those who think they're fooling an insurance company with the latter claiming the former are only kidding themselves, insurance companies figure this **** out, particularly if there suddenly on the end of a huge claim and they smell something fishy....and if they find out, bang, policy invalid and claim denied.

Having the involved party post their indiscretions on a public forum along with all sorts of easily identifiable clues and information makes things super easy for them as well I'm sure.

Last thing to remember, if the person you loan your vehicle to gets in an accident the owner (not the driver) gets screwed for it in the end, so lend wisely.

For what its worth, and thank god nothing happened if we were in fact in the wrong. When i got my first bike when i was 18(now 27 and only did this for my first bike) my dad and i did this exact same thing. I at the time was with a big name insurance company, both of our names were on the insurance policy i believe and it was all above board. Cant really imagine my dad willing to take the risk in the event something happened. I was even the one who drove it to the agent for them to take pictures of the bike. I also got pulled over once for speeding and the cop took both the ownership and insurance and didn't say a thing(minus the expired sticker ticket). Again maybe ignorance is bliss, and thank god nothing bad happened.

 

[cbr600_brandon]

For what its worth, and thank god nothing happened if we were in fact in the wrong. When i got my first bike when i was 18(now 27 and only did this for my first bike) my dad and i did this exact same thing. I at the time was with a big name insurance company, both of our names were on the insurance policy i believe and it was all above board. Cant really imagine my dad willing to take the risk in the event something happened. I was even the one who drove it to the agent for them to take pictures of the bike. I also got pulled over once for speeding and the cop took both the ownership and insurance and didn't say a thing(minus the expired sticker ticket). Again maybe ignorance is bliss, and thank god nothing bad happened.

SEEE I AM NOT THE ONLY ****ING ONE I know what you mean man I am 18 and I am under my dads name for insurance there is nothing I can do I love riding sooooooo much I wont down grade from a 600cc so I guess I have to scam the insurance till I am at least 25 or so but it is not really scaming I am still insured If any thing happens I **** my dads name

 

[Mango Rider]

SEEE I AM NOT THE ONLY ****ING ONE I know what you mean man I am 18 and I am under my dads name for insurance there is nothing I can do I love riding sooooooo much I wont down grade from a 600cc so I guess I have to scam the insurance till I am at least 25 or so but it is not really scaming I am still insured If any thing happens I **** my dads name

That's some screwed up mentality.
"I really can't go on without that mountain bike, but I can't afford it. I guess I gotta steal it! No other choice!!"

 

[PrivatePilot]

SEEE I AM NOT THE ONLY ****ING ONE I know what you mean man I am 18 and I am under my dads name for insurance there is nothing I can do I love riding sooooooo much I wont down grade from a 600cc so I guess I have to scam the insurance till I am at least 25

It's clear you're only listening to what you want to hear.

but it is not really scaming I am still insured

No, if your name is not on the pink, you live at the same address as your dad who's name IS on the pink, and you've intentionally lied to your insurance company telling them that it's only your dad riding...you are not insured.

And since you've misrepresented the entire situation to the underwriters the policy is void anyways if they find out.

But it's apparent you aren't interested in hearing any of that since a bunch of us keep presenting you with facts which you willingly ignore.

Hope you never get into a situation where someone sues your *** off or you do big $$$ value to someone's property. The insurance company will drop you like a hot potato. And then the other party will probably sue you and your dad together. You're probably incredibly naive as to the implications of that.

 

[cbr600_brandon]

It's clear you're only listening to what you want to hear.



No, if your name is not on the pink, you live at the same address as your dad who's name IS on the pink, and you've intentionally lied to your insurance company telling them that it's only your dad riding...you are not insured.

And since you've misrepresented the entire situation to the underwriters the policy is void anyways if they find out.

But it's apparent you aren't interested in hearing any of that since a bunch of us keep presenting you with facts which you willingly ignore.

Hope you never get into a situation where someone sues your *** off or you do big $$$ value to someone's property. The insurance company will drop you like a hot potato. And then the other party will probably sue you and your dad together. You're probably incredibly naive as to the implications of that.

well its a risk I have to take RIDE OR DIE

 

[PrivatePilot]

well its a risk I have to take RIDE OR DIE

Is living under a bridge for the rest of your life if someone sues you into perpetual financial oblivion part of your plan as well? You won't have to worry about riding anymore, they'll take your bike and everything else you own worth more than a few dollars. Paying back a few hundred thousand (or heck, 1 or 2 million) will take you a while.

I suggest you Google the phrase "car insurance material misrepresentation" and do some reading. Here's a good article to start with. Read the whole thing, don't TLDR this ****, it's a pretty brief but informative article.

You're only kidding yourself. I know you think you're invincible and nothing will ever go wrong at your age. You'll learn.

 

[Kedo]

well its a risk I have to take RIDE OR DIE

Your risk?
What if you Ride & Die.... "Dad" is then stuck with loss of son and a huge lawsuit. Everything is great one day to having to to deal with the loss of son and bankruptcy at the same time the next.
Is that a Risk DAD wants to take, Or you want to risk and he is not fully aware of the outcome.








Called accidents not On purpose for a reason. Never planned outcomes and people tend not to think it thru.