I'm getting ready to pull the trigger on a bike. A used bike. I got pre-approved for a loan. Problem is, they (the bank) classified the loan as a "used" motor vehicle loan. At 8.9% that's pretty sweet, but they have all these insurance requirements. It's a dirt bike!!! I keep trying to tell them that. So, I contacted my insurance company, "we don't insure any type of race vehicle". Fine! Just fabulous!
I need some advice ASAP, because I've tried to explain to these people that I don't want insurance for my stupidity on the track. Is it covered on my truck policy if there is an accident? If the garage I have it stored in burns down am I covered?
If it was a personal loan at a higher interest rate, I don't even think this would be an issue, but, here I am!!!!
Please give me some advice here!!! I'm getting ready to deal on a bike, but instead, I'm dealing with a bureaucracy!!! :|
I need some advice ASAP, because I've tried to explain to these people that I don't want insurance for my stupidity on the track. Is it covered on my truck policy if there is an accident? If the garage I have it stored in burns down am I covered?
If it was a personal loan at a higher interest rate, I don't even think this would be an issue, but, here I am!!!!
Please give me some advice here!!! I'm getting ready to deal on a bike, but instead, I'm dealing with a bureaucracy!!! :|