That reminds me I do need to get the sand off my driveway. thanks
That reminds me I do need to get the sand off my driveway. thanks
I've rented a motorcycle 3 times, all in CA. A CBR600RR, GSX-R600, and a Thruxton 900. All three times they put a $2000 credit hold on my card, and the fine print said I was responsible for repair costs to the bike if I biffed it. Needless to say, the hefty credit hold and fine print weeds out a lot of squids and marginal renters.
When life throws you curves, aim for the apex
Current stable: 09 Thruxton \ 09 FZ6S2 Sold List: 97 Ninja500R, 03 SV650K3, 01 Ducati 750Sport, 73 CB350/4, 03 F650GSA, 08 Gixxer600, 03 Gixxer600, 91 VFR750F, 09 KLX250, 06 Thruxton 900, 02 VFR800, 08 Spyder RS, 12 Street TripleR, 09 KLX250S, 16 KTMRC390, 10 F650GS
my Facebook, SpeedShots
Like I said earlier I do not think a person's auto insurance covers them on a motorcycle; could have sworn my State Farm agent told me this when I asked how it works! So you would be renting it to a uninsured motorist...which I would think is illegal! I've heard of one day policies, but I doubt many insurance even do that since it is more hassle than it is probably worth. I still don't understand how you are getting around the insurance issue since EVERY driver must be insured
I thought when I talked to DK at 303 Cycles he said he had to take out a huge insurance policy under his company to do this....which is eventually why he stopped doing it.
Bulldog's Motto: F*ck around and I'm going to bite you!!!
I had state farm for a long time because they are so cheap. If you have to file a claim with them they will try and screw you every way they can. They will not cover a rental bike if you have coverage through them at all period.
If you have a progressive policy they will cover the liabilty portion for a rental on a car or motorcycle with no extra cost to you. I have a dairyland policy and if i want to go to california or wherever i can rent a car or a bike and it will not cost me anything. but they only cover you and whatever damage you do to someone else or there property and it will not cover the rental bike. You must call your agent and talk to them. If you wreak a rental bike you are on the hook for the cost of repairs to it.
Well I know they cover rental cars (was a $5 month fee) because they did for me. As for a claim they just replaced a roof on my house with no issues, so never had anything bad with State Farm. I guess the issue here is every policy and carrier can be different so you would almost have to call each insurance for the person you are renting it to, to check their policy. If they say there is no sportbike rental coverage I'd think it would be illegal for the person to even ride it then......
And then why does $2K seem enough deposit then if it won't cover the bike? I assume a RC51 is worth more than that. Only choice at that point is to sue the person and in time your business is dead with no rental bike. Then you may get a judgement for like $50 a month for years....as others said, doesn't seem worth it
Last edited by bulldog; Tue Jul 2nd, 2013 at 01:22 PM.
Bulldog's Motto: F*ck around and I'm going to bite you!!!
If you want to go to progressive.com and apply for full coverage policy you can pay them $60.00 or so, depends on your driving record and credit score and you can print out your insurance card right there. then you could cancel it the next day and they will send you a refund for the balance.
When I went to Cali and rented the bike, my SF agent said my current motorcycle policy was in effect. Of course I have 5 bikes and a car through them, they better treat me right. YMMV
When life throws you curves, aim for the apex
Current stable: 09 Thruxton \ 09 FZ6S2 Sold List: 97 Ninja500R, 03 SV650K3, 01 Ducati 750Sport, 73 CB350/4, 03 F650GSA, 08 Gixxer600, 03 Gixxer600, 91 VFR750F, 09 KLX250, 06 Thruxton 900, 02 VFR800, 08 Spyder RS, 12 Street TripleR, 09 KLX250S, 16 KTMRC390, 10 F650GS
my Facebook, SpeedShots
It's not unreasonable if he's looking for a "distinct" clientele to use his equipment. Someone with some forethought and enough money to cover the proper fees. It also gives him options for additional insurance coverage if he needs it.
Good luck man. Hope your Daughter gets better soon.
True, but a business is about making money and not others happy, so not sure it would amount to much profit if that is the goal. Plus others have tried in CO and failed, so just putting that warning out. All and all I hope it does workout for you, but the consensus here has been to not do it, so surprised you are still considering it.
I could see that with a current motorcycle policy, but with a regular auto policy it may be different.
Last edited by bulldog; Tue Jul 2nd, 2013 at 01:36 PM.
Bulldog's Motto: F*ck around and I'm going to bite you!!!
You have some good points, maybe I should make it 3k. And I'm not trying to make this a business to make allot of money, I could get an business insurance policy but I would have to pass on the cost to you by jacking up the price then I would have the same problems DK had with his rentals
Just jacked up people in this world and I could see some fool giving you a stolen credit card and getting a bike with keys for $2k. Or some guy who doesn't care about his credit and sees a way to screw you since he is planning to file bankruptcy anyways; I actually knew a guy that did this and racked up all these bills because he knew he was filing and covered under that. I recently had a guy jip me on hundreds of dollars on car parts I bought and he filed for bankruptcy and I have been told there is nothing I can do....just so hard to trust anyone now.
Bulldog's Motto: F*ck around and I'm going to bite you!!!
And what if they don't. You are stuck with a wrecked bike and $2k. Sure you can sue them, but that is going to be a long process....
But isn't that covered under the business's insurance then? I though he was trying to avoid having to get company insurance
Last edited by bulldog; Tue Jul 2nd, 2013 at 01:51 PM.
Bulldog's Motto: F*ck around and I'm going to bite you!!!
If you pay me with a credit card and file for bankruptcy i've already have your money. you will be the one dealing with the credit card company and court. not me
Bulldog's Motto: F*ck around and I'm going to bite you!!!