mattdedes

this question im sure Hill can answer, if you get a loan for a bike do you have to have full coverage on it?? or can you just say the loan is for something else besides a bike? i have no idea how that whole deal works

JohnnyCrASH

yes you have to have insurance to take the bike
then cancil it . but the bank may inforce insurance ,althought
they havent done it yet tto mark downer yet

mattdedes

right but does it have to be full coverage or just plain ol PLPD??

Schwartz

If the bank is a secured party in the loan then they want full coverage. The trick is to get a signature loan then you can use the $$ for what ever purpose, the bank then does not care what kind of insurance you have.

mattdedes

well if your so smart why dont you give me the loan for about 6 grand haha just playin brotha

NICK HILL

heheheh. ok here it is. full coverage to get the bike on the road out of the shop. then you can change the insurance to plpd......or put storage on it. the bank may bust ya and put there own insurance on it which is usually like 800.00 for 6 mo. i havent had insurance for years. they just keep takin on the lute. sometimes you can get away without insurance. but eventually youll get nailed. i did it on my suzuki for a long time. it wasnt until i said *** it i dont want it come get it that i got nailed for it.