Jevco just cancelled my insurance. | GTAMotorcycle.com

Jevco just cancelled my insurance.

poukali

poukali

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What a kick in the nut sack. Drive a 2011 zx-10r with a clean record and just turned 40. Apparently they will not underwrite my bike because it is listed as prohibitive risk! Suggestions as to where else I can go for an insurance? I'm running out of choices for insurers, what's the point of selling super sports if they insurance companies won't insure them?
 
poukali said:
What a kick in the nut sack. Drive a 2011 zx-10r with a clean record and just turned 40. Apparently they will not underwrite my bike because it is listed as prohibitive risk! Suggestions as to where else I can go for an insurance? I'm running out of choices for insurers, what's the point of selling super sports if they insurance companies won't insure them?
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There was a thread on here awhile ago about Jevco dropping SS from the insurance list.

As mentioned SF and TD are your 2 best choices.
 
poukali said:
What a kick in the nut sack. Drive a 2011 zx-10r with a clean record and just turned 40. Apparently they will not underwrite my bike because it is listed as prohibitive risk! Suggestions as to where else I can go for an insurance? I'm running out of choices for insurers, what's the point of selling super sports if they insurance companies won't insure them?
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For clarification.. when you say they canceled it. Did they actually cancel it? or is it time for your renewal and they are refusing to renew?

Regardless, as had already been said... State Farm or TD
 
I ended up with Primmum (affiliated with TD, but gave me a lower quote than TD Meloche Monnex). I have a 600RR insured through them. Also 40 years old, perfect abstract.
 
Sorry to clarify it was a refusal to renew. So I'm insured until Sept 27. A little frustrated as this insurance situation specifically with motorcyclists is getting beyond the point of ridiculous. Might as well ban the bikes on an insurance black list as eventually no one will insure them.
 
poukali said:
Sorry to clarify it was a refusal to renew. So I'm insured until Sept 27. A little frustrated as this insurance situation specifically with motorcyclists is getting beyond the point of ridiculous. Might as well ban the bikes on an insurance black list as eventually no one will insure them.
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You can always trade down to no black listed bike if you realy want to stay with them. There are plenty of sporty bikes (15 Year +) that artn black listed. Unfortunatly its the nature of hobby. You gotta pay to play. But you can always look to reduce it.
 
As much as I adore all those flashy SS bikes, I refuse to pay those premiums. Which is why I continue to ride my old carb'd Blade.. :rolleyes:
 
poukali said:
Sorry to clarify it was a refusal to renew. So I'm insured until Sept 27. A little frustrated as this insurance situation specifically with motorcyclists is getting beyond the point of ridiculous. Might as well ban the bikes on an insurance black list as eventually no one will insure them.
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It's not fair how the insurance companies can decide what motorcycles we can drive on the road. There is only statefarm and td that insures sportbikes now. Why are people in the states paying less than us when they get to ride all year round and we have 6-7 months of the year to ride.


you can insure a liter bike for what is costs to insure a 250cc here, people say the coverage is not the same and you get better payouts and benefits but other than that its BULL what the costs are for us here. It sucks that we have to pay for other peoples mess ups and the fact that insurance companies have been frauded and lost so much money.
 
NEED_SPEED said:
It's not fair how the insurance companies can decide what motorcycles we can drive on the road. There is only statefarm and td that insures sportbikes now. Why are people in the states paying less than us when they get to ride all year round and we have 6-7 months of the year to ride.


you can insure a liter bike for what is costs to insure a 250cc here, people say the coverage is not the same and you get better payouts and benefits but other than that its BULL what the costs are for us here. It sucks that we have to pay for other peoples mess ups and the fact that insurance companies have been frauded and lost so much money.
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They dont decide what you can and drive. If its street legal the insurance is mandated to provide you coverage that might be through Facility however.


Insurance is expensive here because of all the reasons you already stated.
 
poukali said:
Sorry to clarify it was a refusal to renew. So I'm insured until Sept 27.
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I don't know why they insured your bike in the first place. ZX-10R was always blacklisted. Was a mistake on their part and you got away with it, until now. Luckily you didn't make a claim, I wonder if they'ed honour the policy if you did?
 
RetroGrouch said:
Luckily you didn't make a claim, I wonder if they'ed honour the policy if you did?
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They'd have to if they entered into a contract. They can't claim after the fact that they didn't know it was a zx-10r when it's written right on the policy. Well, they could try..
 
RetroGrouch said:
I don't know why they insured your bike in the first place. ZX-10R was always blacklisted. Was a mistake on their part and you got away with it, until now. Luckily you didn't make a claim, I wonder if they'ed honour the policy if you did?
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It wasn't that they didn't insure blacklisted bikes but there was a 350% surcharge or something around that. So did OP actually pay $250-400 a month? Because I don't know anyone with a SS bike who was actually insured with Jevco, therefore when they cancelled coverage on SS bikes, there wasn't much of an outcry. I'm insured with them for my VFR and it's a good rate but for a super sport 99% of people use SF.
 
DemonPig said:
It wasn't that they didn't insure blacklisted bikes but there was a 350% surcharge or something around that. So did OP actually pay $250-400 a month? Because I don't know anyone with a SS bike who was actually insured with Jevco, therefore when they cancelled coverage on SS bikes, there wasn't much of an outcry. I'm insured with them for my VFR and it's a good rate but for a super sport 99% of people use SF.
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Or TD
 
NEED_SPEED said:
It's not fair how the insurance companies can decide what motorcycles we can drive on the road. There is only statefarm and td that insures sportbikes now. Why are people in the states paying less than us when they get to ride all year round and we have 6-7 months of the year to ride.
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would you rather the government limit what you can ride for an x number of years based on you license like they do in Europe??
 
LoneRonin said:
would you rather the government limit what you can ride for an x number of years based on you license like they do in Europe??
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imnothng said:
Yes please.
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Absolutely.

Step in.. make sure people actually learn how to ride and/or drive properly and then give us government run insurance with reasonable rates.
 
LoneRonin said:
would you rather the government limit what you can ride for an x number of years based on you license like they do in Europe??
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About time ! Its only matter of time that the few companies that do insure SS bikes will either increase their rates or just simply refuse to insure. We need a better licensing system and less idiots on SS bikes with barely any experience !
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