Originally Posted by humvee
I think once you state the value as 1500 or 2500, or heaven forbid a $20,000 motorcycle, the rates will very quickly climb to $2400/year
so...in effect MPIC will give me $1000 for the bike if it gets written off, because that's the value I'm insuring it for.
Wow I am going to have to look into this. It just does not make sence for me to be paying $2000 a year to insure a bike that I could probably not get much more that $7000 bucks for.