[FullFlavorPike]

...lose your favorite bike in a bet, or have it stolen?

 

[Scared]

Well, the first one would never happen because I'm not a gambling man. But if I had a choice, I'd rather It got stolen, there would be a chance I could get it back. Also, insurance would cover a stolen bike, but not one lost in a bet.

 

[Greek_Shadow]

Agreed! Stolen is my vote. Gambling doesn't sit well with me.
Why the question?

 

[pngpearson]

I'd rather have it stolen ten times out of ten. Not only would insurance (probably) pay for it, but there's a chance I would get to run into the thief in the future and beat him within an inch of his life.

 

[Mark-B]

I don't gamble either - if my bike was stolen, I could at least get another without fear of losing that in a bet too. And any new bike I would be lucky-enough to have, would last me a good long time - as it have 20 Murderously Hungry Alsatians tethered to it when it was parked. :mrgreen:

 

[skullcap]

If I ever lost a bet, it would be the end of the world... It would be a reflection on me, my skills, or judgement. Someone stealing my bike is all on them, and I'm insured for that.

I'm wondering though, I got such a good deal on my new bike, I might actually make some money if someone stole it. Ooh, I just remembered, I have to pay my insurance bill!

 

[Aufgeblassen]

insurance would cover a stolen bike, but not one lost in a bet.

Insurance on a bike??? Who does that?! :roll:

Out of all the bikes I've had over the years, never insured a single one. If I had, I would have lost all that money, as I never would have had a single claim.

 

[7xclm]

Is there a third choice.

 

[Kitulu]

Stolen...but I would prefer to be walking out to the bike as the theft happens, so they can be the proud recipients of additional holes in their heads!

I hate thieves.

 

[Old Dad]

Insurance on a bike??? Who does that?! :roll:

Out of all the bikes I've had over the years, never insured a single one. If I had, I would have lost all that money, as I never would have had a single claim.

Hope you never have an accident, no insurance, your fault and you could loose your nice Florida home, not to mention even a possible jail visit or extended stay in the pokey. There are laws requiring at least comprehensive insurance. :roll:
Most states dept of motor vehicles run checks, if no insurance is found to be the case they pull your tag, fine you etc...

 

[skullcap]

Hope you never have an accident, no insurance, your fault and you could loose your nice Florida home, not to mention even a possible jail visit or extended stay in the pokey. There are laws requiring at least comprehensive insurance. :roll:
Most states dept of motor vehicles run checks, if no insurance is found to be the case they pull your tag, fine you etc...

I'm sure everyone has liability insurance.

I only bought full coverage on the brand new bikes I bought. It is a game of risk and like the casinos, the odds are stacked in the insurance company's favor - same with Health insurance.

I weighed the cost vs risk and since the additional cost to cover the bike was a relatively small percentage of the total policy (like $80/yr), I decided to add the coverage. It bought me a lot of peace of mind.

I could have gotten that piece of mind with a less expensive used bike, since loosing a few grand is no big deal and worth the risk of loss to save a few bucks.

 

[Aufgeblassen]

Hope you never have an accident, no insurance, your fault and you could loose your nice Florida home, not to mention even a possible jail visit or extended stay in the pokey. There are laws requiring at least comprehensive insurance. :roll:
Most states dept of motor vehicles run checks, if no insurance is found to be the case they pull your tag, fine you etc...

Incorrect! Last I knew, ALL that is required in FL, is a certain minimum medical insurance, if you ride w/o a helmet. Otherwise, NONE required.

 

[skullcap]

Incorrect! Last I knew, ALL that is required in FL, is a certain minimum medical insurance, if you ride w/o a helmet. Otherwise, NONE required.

Old Dad is considering the 7-year old little girl that gets hit by a biker while chasing a soap bubble out into the street, and they determine it is the bikers fault, and they are ordered to pay the $1.5 million in lifetime care she will require. Your house might not cover that.

I took my chances when I was a dumb kid and thought I had nothing to lose anyway. I have now upped liability to 1M/500k. I trust lawyers just a little less than frantic soccer moms driving a caravan, and are late for their afternoon soap opera.

 

[Aufgeblassen]

Old Dad is considering the 7-year old little girl that gets hit by a biker while chasing a soap bubble out into the street, and they determine it is the bikers fault, and they are ordered to pay the $1.5 million in lifetime care she will require.

It would NOT be ruled the rider's fault (i.e. would be ruled unavoidable) in my case, as I would not be speeding nor doing anything else illegal at the time of accident.

 

[skullcap]

Lawyers have a way of passing blame wherever the money is. If you have something, it might not matter who's fault. I'm glad you have found piece of mind believing you are superman and will never have an at-fault accident. I feel there is a chance that something could happen, even if just a blowout, that causes something bad to happen. And then I hope to have everything in place to help those who may be injured. I feel it is my responsibility to at least have those protections in place - protections for more than just my own financial security, but other's as well.

Now, what were we talking about? Old Dad, I think we helped perpetuate this derailment...

 

[Aufgeblassen]

even if just a blowout, that causes something bad to happen.

Another example of "unavoidable".
:neutral:

 

[skullcap]

OK superman. I'm sure you are complying with the law regardless, so you have evidenced financial responsibility for the unlikely event that something happens, and you lose.

Ways to Establish Financial Responsibility
If you own a motorcycle or moped and want―or need―to establish financial responsibility for it, you might be able to choose one of the following methods:

Purchase liability coverage from an insurance carrier licensed to do business in Florida. This is the most common way to establish financial responsibility for any vehicle.
Obtain a Financial Responsibility Certificate from the Bureau of Financial Responsibility after you:
Post a surety bond with a state-licensed company.
Deposit cash or securities with the Department of Highway Safety and Motor Vehicles (DHSMV).
Obtain a Self-Insurance Certificate from the Bureau of Financial Responsibility after you provide evidence of possessing a net encumbered capital.

 

[Aufgeblassen]

OK superman.

Accidents are rarely accidents. They are almost always someone doing something stupid.

 

[Old Dad]

Incorrect! Last I knew, ALL that is required in FL, is a certain minimum medical insurance, if you ride w/o a helmet. Otherwise, NONE required.

obviously you are unaware, the below is from what I've found.

Florida has some of the most unique car insurance laws among the states. However, while most states' motorcycle insurance laws mirror their car insurance laws, Florida is an exception.

Read more to learn about Florida's motorcycle insurance requirements.

Ways to Establish Financial Responsibility
If you own a motorcycle or moped and want―or need―to establish financial responsibility for it, you might be able to choose one of the following methods:

Purchase liability coverage from an insurance carrier licensed to do business in Florida. This is the most common way to establish financial responsibility for any vehicle.
Obtain a Financial Responsibility Certificate from the Bureau of Financial Responsibility after you:
Post a surety bond with a state-licensed company.
Deposit cash or securities with the Department of Highway Safety and Motor Vehicles (DHSMV).
Obtain a Self-Insurance Certificate from the Bureau of Financial Responsibility after you provide evidence of possessing a net encumbered capital.

A Note on Florida's No-Fault Law
Florida is considered a "no-fault" state, meaning you are required to have personal injury protection (PIP) coverage for your car. These no-fault laws do not apply to motorcyclists.

Proof of Insurance and Financial Responsibility
After your motorcycle insurance company sends the DHSMV the details of your insurance policy, the DHSMV will keep those details in its computer system. Still, you should keep proof of your insurance or other form of financial responsibility with you.

Depending on how you insure or establish financial responsibility for your motorcycle, you can show proof with your:

Insurance ID card from your insurance carrier.
Financial Responsibility Certificate from the Bureau of Financial Responsibility.
Self-Insurance Certificate from the Bureau of Financial Responsibility.


so you're bonded eh:roll:

 

[smilie]

...lose your favorite bike in a bet, or have it stolen?

Personally, I'd rather not think about it.:sad: