theft coverage for a gs500?

[Doons]

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looking to keep insurance as cheap as possible, is there any point to adding theft on a policy for a 2005 gs500 with no fairings? do those bikes ever get stolen ? i know most target SS but im not really sure as im new to the whole riding thing

 

[tricky]

I got liability only for mine, it hasn't been stolen yet

I don't think they are really up there on the list of hot bikes to steal.. but theft coverage would be nice piece of mind. I think I'm gonna look into getting it for my next policy

 

[VifferFun]

It's not just for theft -- if some idiot tips over your bike in a parking lot and does some damage, you might wish you has Comprehensive coverage. Typically, the Comp premiums are pretty low (relative to the mandatory coverages). Unless it's expensive, I usually recommend that people buy it.

 

[PLau]

The cost for fire and theft for me was $102/year. I figured I could spare $8.50 a year in case someone steals my bike.
Vandalism coverage for me was an extra $10/yr. Less than a buck a month for the year? Why not. Especially since I'm going to park at school.

 

[AllanR]

The cost for fire and theft for me was $102/year. I figured I could spare $8.50 a year in case someone steals my bike.
Vandalism coverage for me was an extra $10/yr. Less than a buck a month for the year? Why not. Especially since I'm going to park at school.

Exactly...might as well pay the extra ~$10 a month for peace of mind.

 

[OpenGambit]

If you want to save money, its the collusion insurance that you should skip. The comprehensive isn't that much of a savings.

 

[Platinum Cycle]

Keep in mind if you're paying a premium of $100 a year for comprehensive and claim (exlcuding fire) will be subject to a deductible - likely of $300

So in effect if something does happen, in a sense you're already paying $400 of the damages yourself.

If you can afford a little claim here and there, save the money on the premium and deductible.

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