Insurance?? New motorcycle replacement?

Nitronut · 12-15-2011, 02:03 AM

I know some insurance companies offer up "new car replacement" for a additional cost. Just wondering if any do it for motorcycles. I will be putting down a sizable down payment on the new bike and I fear that if it got stolen within a year or two that I would get a crappy settlement and not be able to replace it with another new one.

Anyone in the INS. Bussiness that can share some insight on this?

Technomancer · 12-15-2011, 08:56 AM

This past season I had Progressive moto insurance, and I took the full-replacement option. The bike must be <=2 years old.

**HOG SLYR** · 12-15-2011, 10:12 AM

Ask your dealer about "Gap" insurance, It will at least keep you from paying out of pocket in the event of a loss if you're upside down on the loan. If your down payment is big enough this won't be an issue and then the full replacement coverage from the insurance carrier would be the answer.