I put money down on a new bike in February before all this crap started and set a pickup date for April 21st. Found a good Insurer for it and setup coverage to begin on the day I pick it up.
Today my dealership announced it will be shutting down until further notice or when the Government allows them to open again or safe to do so.
My Bike is still in the crate in the shop and will remain there for god knows how long. My monthly payments will begin on that day with or without a bike in possession. I called my insurer and asked them if they can do anything for me since I would hate to pay for something I cant enjoy. Maybe put a hold on it or whatever. He said he never heard of such a thing and the only option would be to cancel with a $100 cancellation fee which I think is illegal and than call up and get a quote at a later date and possibly RISK HIGHER PREMIUM or just keep it.
Not sure what to do here, its not huge money I mean I would hope by sometime in June they will reopen but who knows.
What are your thoughts on what I should do? KEEP IT or CANCEL it?
Today my dealership announced it will be shutting down until further notice or when the Government allows them to open again or safe to do so.
My Bike is still in the crate in the shop and will remain there for god knows how long. My monthly payments will begin on that day with or without a bike in possession. I called my insurer and asked them if they can do anything for me since I would hate to pay for something I cant enjoy. Maybe put a hold on it or whatever. He said he never heard of such a thing and the only option would be to cancel with a $100 cancellation fee which I think is illegal and than call up and get a quote at a later date and possibly RISK HIGHER PREMIUM or just keep it.
Not sure what to do here, its not huge money I mean I would hope by sometime in June they will reopen but who knows.
What are your thoughts on what I should do? KEEP IT or CANCEL it?