My Bike & Insurance Question

[pauldun170]

In new York, the registration ( or maybe it's the title ) has to be in you name for you to be able to insure it.

Could be wrong...

[derf]

As far as I know you can not own a bike but still insure it, my brother did it with my old ninja,. and I did it with his old kz400 in NJ

[Porkchop]

Hmm, might be state by state rules. Might hVe to call up old progressive and ask....

[Captain Morgan]

Just call the insurance company and ask them. It likely depends on state laws. I've insured a vehicle without owning it before, as has my sister. I live in Indiana, she lives in Georgia. So that's two states where it's legal, at least.

[Particle Man]

Originally Posted by pauldun170

In new York, the registration ( or maybe it's the title ) has to be in you name for you to be able to insure it.

Could be wrong...

Naturally in NY (and insurance in general) it isn't as simple as that.

In order to insure a vehicle in NY (and many other states for that matter), you have to be able to demonstrate Insurable Interest which is generally done by being on the title but can also be done via being the registrant. It's determined more by individual carriers' underwriting guidelines than anything else.

This is a question not easily answered - your best bet is to contact your insurance company (or better yet, a local agent who deals with multiple carriers) to walk you through your options. They'd also work out the policy guidelines like who would get the check in the event of damage, etc.

Short answer is, it can be done but depends on through whom you're trying to insure the bike.

A better solution would be to be added as a driver on his policy but that may have a long-term impact on his rates even after you've been removed from the policy.