2007-05-24 06:17:47 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Motorcycles
The alternative is called "Agreed Value".
It's when you and the insurance agree on how much it's worth.
Talk to your local indepedent insurance agent.
2007-05-24 16:55:40 · answer #1 · answered by Firecracker . 7 · 0⤊ 0⤋
you can buy GAP coverage, but it will be expensive, and you will need to have your bike professionally appraised.
If you have a mint 1959 Vincent Black Shadow, it is worth it. If you have a 2005 Yamaha R6, it is not really worth it.
You need to consider the difference in perceived full value and the amount of additional insurance you need to pay.
(example, I have a 1997 Ducati M900 Chromo. It is valued at about $7000. Insurance will give me $5000 for it. Is it worth it for me to pay $700 more per year to make up that $2000 gap? no.)
2007-05-24 06:58:54 · answer #2 · answered by cstatman 3 · 0⤊ 0⤋
Actually, I believe GAP coverage only applies to cover the difference between what you owe and what the bike is worth. To get what you want, ask if they provide replacement value coverage. That would provide you with enough to buy a new bike. The reality is, however, that on motor vehicles it would probably be prohibitively expensive.
2007-05-24 06:34:25 · answer #3 · answered by John W 3 · 0⤊ 0⤋
I know Farmer's insurance quoted me for full replacement value, not blue book. But it was $1700 a year. Progressive will give me blue book for $400 a year.
2007-05-24 23:48:55 · answer #4 · answered by strech 7 · 0⤊ 0⤋
relatively, you haven't any case against the railroad.. The prepare has the superb of way.. basic as that - she don't have tried to flow seeing there have been no fillers interior the middle... Crossings are the community MUNICIPALITES concern because of the fact the tracks are a FEDERAL real of way, and the community roads have been put in over the tracks, AFTER, via the cities.. of path they make the railroads guard them that's backwards; the cities could in the event that they prefer each and every of the "bells and whistles". Its stated as undesirable timing... She knew the tracks have been there, the railroad group could no longer do something wanting applying the brake and arranged for the prepare to resign...
2016-12-18 03:24:42 · answer #5 · answered by declue 4 · 0⤊ 0⤋
gap only covers book value and what is owed. you have to find a company that have polices that you agree on the value. Such as if it is a vintage model, but it will cost u more.
2007-05-27 16:56:31 · answer #6 · answered by Skulls 2 · 0⤊ 0⤋
its called GAP coverage, most carriers provide it at a extra policy or fee
2007-05-24 06:26:20 · answer #7 · answered by Anonymous · 1⤊ 0⤋