schoeney
05-18-2012, 12:33 PM
Hi All,
Hammy started a thread about his upcoming 5000 mile trip. It got me to thinking about a couple things that I wanted to share before we are all off making our long trips.
A member had a problem with a long distance breakdown last year and it got real expensive real fast. I can't remember who it was or if he was covered but this is a good time to review your coverage. I strongly encourage all of us to have roadside assistance coverage, it is cheap ($8 per year) and is gives me peace of mind.
I know these bikes are rock solid reliable but this coverage covers other things as well (collisions, dead battery, flat tires, towing, etc). Mine also covers up to $100 per day expenses if I have a collision and need to stay nearby, rent a car, fly home, etc.
I just got off the phone with my insurance company (Foremost). I have never had to use my bike insurance since I bought my most recent bike in 2008.
I wanted to check on my coverage mainly due to my July trip crossing the border into Canada for the VBA Canadian rally. They are sending me a Canadian insurance I.D. card.
I must say I have been very happy with Foremost.....got a good discount through AARP. I pay $163 year (53 yrs old, non smoker, clean record, good credit scores). In 2008 my cost was $305 from them and it has dropped steadily each year to the current $163. Here are my coverages
250k/500k Liability
100k Per accident property damage
$250 deductible for collision/$100 for other (theft,vandalism,etc)
$3500 coverage for accessories
The roadside assistance is only $8 per year.
The $163 per year premium includes an $18 multi policy discount (cars) and a $40 preferred operator discount.
Keep in mind my bike is older and replacement value is only $5-6,000 + accessories. I waive all the medical coverage for myself because I have very comprehensive health coverage.
Hope this helps someone.
Hammy started a thread about his upcoming 5000 mile trip. It got me to thinking about a couple things that I wanted to share before we are all off making our long trips.
A member had a problem with a long distance breakdown last year and it got real expensive real fast. I can't remember who it was or if he was covered but this is a good time to review your coverage. I strongly encourage all of us to have roadside assistance coverage, it is cheap ($8 per year) and is gives me peace of mind.
I know these bikes are rock solid reliable but this coverage covers other things as well (collisions, dead battery, flat tires, towing, etc). Mine also covers up to $100 per day expenses if I have a collision and need to stay nearby, rent a car, fly home, etc.
I just got off the phone with my insurance company (Foremost). I have never had to use my bike insurance since I bought my most recent bike in 2008.
I wanted to check on my coverage mainly due to my July trip crossing the border into Canada for the VBA Canadian rally. They are sending me a Canadian insurance I.D. card.
I must say I have been very happy with Foremost.....got a good discount through AARP. I pay $163 year (53 yrs old, non smoker, clean record, good credit scores). In 2008 my cost was $305 from them and it has dropped steadily each year to the current $163. Here are my coverages
250k/500k Liability
100k Per accident property damage
$250 deductible for collision/$100 for other (theft,vandalism,etc)
$3500 coverage for accessories
The roadside assistance is only $8 per year.
The $163 per year premium includes an $18 multi policy discount (cars) and a $40 preferred operator discount.
Keep in mind my bike is older and replacement value is only $5-6,000 + accessories. I waive all the medical coverage for myself because I have very comprehensive health coverage.
Hope this helps someone.