Yes. You can do it with cars, too.
And like kellen said, your home insurance does not cover vehicles no matter where they are stored. I think bicycles are an exception.
My home insurance covers two bikes @ $7500 (or $10000?) each.
Yes. You can do it with cars, too.
And like kellen said, your home insurance does not cover vehicles no matter where they are stored. I think bicycles are an exception.
My home insurance covers two bikes @ $7500 (or $10000?) each.
What does the wording say exactly?
I got a bike last November, insured with TD MM, paid all of $20 until renewal in February (that was full coverage). At that point you can just switch to whatever company offers the best full-year quote.
You are absolutely correct, assuming you insure the bike all year.Let's see if I can clarify this.
Motorcycles and automobiles are not covered under your home insurance for fire/theft or vandalism.
When it comes to covering your motorcycle for fire/theft only during the non riding season as far as I know there is no company that offers that coverage.
What you guys are getting confused about is how it works and it's making you think you only have fire/theft coverage.
Let's take 2 companies both charge $1200/year
company One will charge $100/month for all 12 months of the year making you think you're paying for insurance when you can't ride the motorcycle.
Company 2 will not charge you for the 4 winter months, let's say Dec/Mar, however the following 8 months you will pay $150/month, they do that to make you think you're not paying during the winter time when you're not riding.
At the end you're still paying the same premium.
There is no such thing as insuring the bike for the winter time only, every company will make you sign a 1 year policy.If you insure the bike for only the winter you will generally pay next to nothing because they presume you're not riding it. That's if they'll let you do that. I believe some insist on a full year term.
If you change your coverage to "suspended coverage" (no liability/comprehensive only) and insure only for winter, it will be even lower.
Motorcycle policies/premium is calculated based on a riding season, there is no "suspended coverage" on motorcycle policies, you cannot change to comprehensive coverage only.If you put it on a full year policy and then suspend coverage during the summer, you will see some savings.
Why do we put up with this ****?