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Do you have to have full coverage on a sports bike if you get a bank loan or will liability due?
Wiki User
∙ 12y ago
More than likely your lien holder will require you to carry collision and comprehensive coverage in addition to liability coverage, this is to protect them/their investment.
Wiki User
∙ 12y ago
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What is wrongful death coverage on motorcycle insurance?
It is most likely a liability coverage if you should injure someone while riding your bike you would be covered to the limit of the policy. Ask your agent.
What if you didn't have insurance on motor bike and crashed but had health insurance?
Your health insurance would pay for your injuries. You would have no coverage for your liability (damage you caused to other people's property or persons) or for the damage to your motor bike.
How much does classic bike insurance cost?
"Progressive, Geico, and Allstate offer bike issurance, however, classic bikes may actually be cheaper to insure due to the lower claims rate. Fully comprehensive and liability insurance cost more, and there are many coverage levels. Typically, insurance might run you $80-$300 a month depending on your coverage level and value of your bike."
How can you get inexpensive motorcycle insurance that only pays out if you damage someone else and not for your own bike?
You are looking for liability only coverage. You should also consider uninsured & underinsured motorist coverage which will supply medical payments if you are injured by an uninsured or underinsured driver.
Is it possible to pay the difference for full coverage if motorcycle was stolen with just liability and still owe?
No. It would be insurance fraud to up to full coverage for a missing bike and then claim it was stolen. Quick ride to jail. Report it to police and you may recover it.
Do you have to have full coverage insurance to buy a new motorcycle?
In TX, you are only required to have liability by the state, but if you get the bike financed the lending institution will require full coverage so they dont get stuck w/ your loan should you screw up your bike. However, state laws can vary, so ck. w/ your agent to be absolutely sure.
Is a dirt bike liability or an asset?
That depends on if you currently own 100% of the value, or are still paying a loan for the dirt bike. If you own the dirt bike then it would be a personal asset. If you are paying on a loan for the dirt bike, then it is a liability because you are liable to pay the monthly payment.
What happens if you purchase a brand new motorcycle on a credit card and then end up canceling the insurance in the same week as buying it?
If you are speaking of physical damage coverage, if you have no loan or an unsecured loan such as a credit card then you are not required to carry this coverage for the bike itself. However if you plan to drive it over the road, every state has requirements for minimum liability coverages that must be carried. So if you cancel the insurance and still drive it not only are you in violation of the law but if you cause an accident you will be completely liable for any damages and injuries and will have no coverage. Typically minimum limit liability policies are inexpensive.
Where can one purchase a 125cc pit bike online?
On the internet, one can purchase a 125cc pit bike at various sites such as Power Sports Max, SSR Motor Sports, Killer Motor Sports, and Power Sports Distro.
Can you register your 110cc super pocket bike in CT?
Yes, if you have a MV Operators License, a motorcycle drivers license and liability insurance on the bike.
What car should you get when you get your perment?
I would get a a sports bike
How should i Buy used motorcycle from individual who still owes the bank?
Depends on how much they owe on the bike and if the price of the bike includes pay off to their bank and you get the title. If there is a lean holder on the bike and after you buy it you don't get a title then no I would not buy the bike.
