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 Custom Street MotorcycleLast update: Saturday 19th of May 2012
1. If you entered a zero down payment motorcycle loan especially for an extended term like 48-84 months gap insurance is likely a good alternative for you. To determine this, compare the depreciation rate of your motorcycle and the value of your motorcycle and the value of your motorcycle with the pay down of the principal on your motorcycle loan. If you want motorcycle insurance that will cover the cost of repair to your motorcycle if in an accident and pay you for the cost of replacing your motorcycle in the event of an accident. It will not cover the gap between the market value of $7500. However, you still owe your motorcycle lender $9500 so you have a gap of $2,000 ($9500-$7500=$2000). Gap insurance covers the $2000 gap that you still owe your motorcycle lender required you to get. Right? It¡¯s advisable to make sure that it does not cover the cost of medical care and loss of earnings in the event of an accident. It will not
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