Join Date: Sep 2010
Pickle is right - its a simple as that. Those c overages are commensurate with the amount of liability you purchase. The figures you gave are for a $300K liability policy, which I highly recommend for two reasons; 1. If you injure a wage earner and crashed into their car, that just might be enough and 2. That gives you higher uninsured and underinsured protections in the event you are hit.
I don't know what you are calling "full coverage," as that is liability, collision and comprehensive coverages. I'll explain the last two.....
Collision covers your vehicle for damages you caused. Only get it if you can not pay out of pocket for those damages, or if your bike is not worth very much. Get the highest deductible you can write the check for--the higher the deductible, the lower the premium.
Comprehensive covers damages to your bike caused by others, such as theft, fire, being knocked over, keying the paint, puncturing your tires, something dropped on the bike, etc.. Comp. premiums are the lowest of the three and a low deductible is OK.
Homeowners / Renters Insurance...why did I include this? Cuz everyone should have it. Period! It covers personal liability, fire, theft, water damage, products and so much more AND if goodies are stolen out of a vehicle, it covers that. Vehicle insurance does not.
Personal Liability Umbrella is good to have in the event you are sued and/or you cause damage exceeding liability insurance limits. A million is a good amount.
2010 Midnight Cherry XR. 7Jurock, Lloydz AF, ATS, AFR tuned VFCIII, IAV, and T-6 and locally repacked pipes = big smiles. SOLD
to a dear friend, so it's still in the family."
2017 Spyder F3 Limited - keeps this old guy in the wind and riding with friends.
Cure that ugly stand up license plate with the cheapest and best laydown bracket. Click this:
Last edited by RICZ; 04-14-2015 at 07:38 PM.