Posts
1724
Joined
8/2/2006
Location
Forest H Ill, MD
US
Edited Date/Time
1/26/2012 10:09pm
I just got off the phone with the insurance gal at GEICO Powersports. She gave me a quote of $99 for the year, and a $50 deductible for theft and vandalism (comprehensive) insurance.
I dunno, this seems TOO GOOD to be true. anybody else have exp with actually submitting a claim against the theft of their bike with geico?
I dunno, this seems TOO GOOD to be true. anybody else have exp with actually submitting a claim against the theft of their bike with geico?
I would trust Geico more.
The Shop
It just seems fishy to me, to have such low rates on something so rampantly stolen, with such a low recovery rate.
Then what do you insure it for? No answer.
So, you are advocating nationwide? Have you (or anyone you've known) actually had to file a claim for loss? I know for a fact, my homeowners will not cover an MX bike or ATV, if it's not being used "for upkeep or maintenance of my property" I told the lady I could start using it as a garden tiller every spring if that would qualify. She handed me over to a rep at powersports instead..
I am new to insuring a bike against loss, I never knew there was such a thing. I've always just chained them down with a floor anchor and taped used range silhouettes outside the door.
Homeowners excludes any motorized vehicle unless it is used to service the property....and your also correct about the example for your 4-wheeler Jtiger.
I would argue if you had a 4-wheeler with a tiller, then yes it is used to service your property and it is covered if something happened........it may not be what the company intended it to mean but that is the wording in the policy and that is what you go by. (my family has owned a independent agency since 1948, we work very hard to find coverage, its not necessarily black and white depending on what happens.)
The dirt bike policies I have seen are covered for more than Vandalism and theft. I would also want fire covered in case a garage burns (remember your homeowners policy will not cover a motorized vehicle unless it is used to service the property)
Tiki I would say you did not get a knowledgeable professional on the other end of the line.....as your homeowners and your truck insurance will not cover your dirt bike no matter what. I blame it on poor training, there is a lot to this business and it takes years to figure every little thing out (even then you never no everything).........but that is pretty basic, she should have known better.
As far as being at the races, if someone steals it, its covered, if someone vandalizes it, its covered, if you have comprehensive and collision coverage on it (I know progressive offers this) and you smash it on the track racing, no its not covered as that is a racing incident and that is without a doubt not covered by a typical policy. But if your trail riding and you hit a tree or your buddy head on, it’s covered under collision. Fire, theft, vandalism, ect, covered under comp.
I just typed this fast and tried not to get complicated based on what I read above, if anyone has any questions feel free to PM me and I would be more than happy to try and help a fellow motocrosser.
Thank you for calling... how can I help.
What is my insurance covering?
Oh thats easy. We insure your bike.
its a race bike, you still insure it?
Well not while you are racing.
So you insure it at the house from theft.
Well no, your homeowner insurance covers that.
So you insure it in my truck?
We insure your bike to and from the track.
If it falls out and causes an accident?
No that is your auto insurance.
What if its stolen
That's a tough one.
What do you insure my bike for? What exactly am I paying for?
If your bike gets damaged we insure it for that.
But I race the bike. If I crash you insure that?
No
What if I crash into a crowd? Do you cover the people I hit?
no.
What exactly am I paying for?
I called Nationwide the next day. They insure it for theft in the back of the truck, at the house, they insure it if there is a auto/house fire for replacement. Cost $48 a year here in California. Progressive was like $69 a month. We needed nationwide once when I was rear-ended. They fixed my truck in three weeks, then went after the ahem... visiting person and owner that hit me.
I like the range silhouette idea... going to have to use that one.
I paid $75 a month for each dirt bike and they were on the same policy as my street bike (don't know if that made a difference with the rates). Now with Allstate, the dirt bikes will be on their own policy. Once I get the paperwork, I'll read it over and make sure everything I want covered really is.
Can one assume the rules are different from state to state?
Irrespective, I'll be calling to find out for sure.
by far the best $150.00 i ever spent!!!
Pit Row
and I agree about the details not being needed. I was just wondering how/and if they paid out in different circumstances. For example, some goon stealing my bike from the back of the truck. Or, someone breaking into a shed or garage where my bike is being stored.
thanks for the info, and the sarcasm
Just sucks when you think you’re calling a professional and you get that kind of response. I realize insurance is easy to joke about but when something serious happens and you lose out financially because the girl on the other end of the phone did not know what she was doing.
I just wanted to point out a few things I knew to try and help someone else who may be viewing the thread and having the similar problems.
Everyone is allowed to make mistakes, but you have to fix your mistakes and do the right thing if that happens and I know first hand our business does just that.
A perfect example is sbarrington's story, they don’t' all do that and all I can say is it’s not a bad idea to have a good relationship with whoever you do your insurance with, not just the cheapest price from a 1-800 number.
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