You need theft on your policy for bike theft.
believe what you want, do all the math that you want, contort the figures until its looks like something you want.
These are undisputable facts proven time and time again with respect to motorcycle thefts in large metropolitans.
http://www.thesmokingtire.com/2012/ask-a-thief-inside-story-on-motorcycle-theft/
no worries about your bike though, 650r aren't exactly desirable for thieves.
S
SlayerofSouls
Guest
Still waiting for insurance to get back to me.
On my policy I have
Loss or Damage**
** This policy contains a partial payment of loss clause. A deductible applies for each claim except stated in your policy.
Specified Perils (excluding Collision or Upset)
Deductible $500
Premium $399
Specified Perils: Covers the described automobile against damage caused by certain specific perils. They are fire, theft or attempted theft, lightning, windstorm hail, or rising water, earthquake explosion.....
On my policy I have
Loss or Damage**
** This policy contains a partial payment of loss clause. A deductible applies for each claim except stated in your policy.
Specified Perils (excluding Collision or Upset)
Deductible $500
Premium $399
Specified Perils: Covers the described automobile against damage caused by certain specific perils. They are fire, theft or attempted theft, lightning, windstorm hail, or rising water, earthquake explosion.....
Probably because of a ticket, I had a ticket on my record and SF wanted more than double for my car insurance but didn't care to use against my bike policy.
State farm has two plans; A and B.
They see cars as one and motorcycles as another. I had a major ticket with my car back in '09 and it just came off in Dec.'12. Well SF sees tickets like that not for 3 year but for 5. But then they Ok to insure 600cc.....lol makes no sence in a way
youngrider
Banned
yeah 650's are almost as bad as 250's...but i'd definately get theft if i had a yzf or gsxer
S
SlayerofSouls
Guest
Thanks for the thread hijack, not sure why 650r is a topic.
There is a limit on my policy for the amout paid for loss or damage 5,000 looks like im 2k out of pocket. Nice
There is a limit on my policy for the amout paid for loss or damage 5,000 looks like im 2k out of pocket. Nice
Wow that sucks. Why is there a limit tho? Tell the adjuster you cannot buy the same bike with that money.
S
SlayerofSouls
Guest
Its stated on the policy and that is what I must have delcared the bike as originaly.
I am eligible to rent a car up to 900 in the interim period or recieve a cash payout of 200.
How wonderful.
So let's add this up, > you got no bike for whatever amount of time, and only 5k to buy another one, and i assume you are still paying for insurance too.
What do all you "insurance" humpers have to say to the poor guy now?
Is he supposed to go through this a couple times a year, no big deal eh?
PS> Condo associations suck arse as bad as the lazy cops.
S
SlayerofSouls
Guest
Your math is correct. No bike until I buy a new one. Given I work over 70 hours per week. Its going to take some time.
Insurance has been paid for in full (my insurance company required I pay in full, cash)
No comparable bike in sight.
Insurance has been paid for in full (my insurance company required I pay in full, cash)
No comparable bike in sight.
EaZ8
Well-known member
state farm has a 2 tier rating system.
Tier 1 rate - car no tickets - G license
OR
- car no tickets - G license, with bike
Tire 2 rate - Car with ticket(s)
OR
- Bike alone
OR
- Car and Bike with ticket(s)
i know a broker, and when i got my bike insurance she didnt care if i had any tickets..just M1 or higher and G for 5 years or more i think..maybe it was g2 for more than 5yrs..cant remember off hand, when i went to add my car she pulled all my info and started asking questions.
i asked, and thats the brief answer i got... she said if i get a ticket the car will go way up and the bike will go to a tier 2 rate which is $40 more a month i think it was.. but if i was tier 2 and just the bike and got a ticker it wouldnt matter for the bike insurance, because you are already on their sh## list basically.
S
SlayerofSouls
Guest
It is what is allowable for loss and damage.
Probably my fault declaring what I paid for it. (assumed it to be a good deal, and did not account for all the repairs I had to do after aprox 1,000)
Probably my fault declaring what I paid for it. (assumed it to be a good deal, and did not account for all the repairs I had to do after aprox 1,000)
Dresden
Well-known member
Something sounds very off.
Insurance payout is based on the "value" of the bike.
If I bought a brand new Ducati (Lets say $15k) from a sucker for $500. If it's stolen, my theft policy covers the cost of a REPLACEMENT bike - I have asked my agent.
It's not what you paid for it or declared it being worth... it's what the actual market value is.
Something doesn't add up.
flameboy182
Well-known member
My thoughts exactly. Used R6 values in that year range (with high mileage) from what I've been seeing online are at least $7000.
S
SlayerofSouls
Guest
EaZ8
Well-known member
i had a clause on my old policy that capped the loss at 5 grand as well..and had a waiver for it.. purchase price that was declared. they usually put that in if you declare the cost of what you paid to be under market value...basically saying thats all you paid then thats all we are willing to.
if you have recites for newer parts you may be able to get those back on top of this.
if you have recites for newer parts you may be able to get those back on top of this.
Toce exhaust
Monster Stickers
VIN JYARJ12N36A000608
Dude, I was just parked next to this bike like a month ago on King West across from Elephant & Castle !!!
Sorry to hear =(
