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Jul 22 2011 02:30pm
Ok I understand how gap coverage works but, the insurance company I went through didnt cover me under theft and I had my motorcycle stolen a couple weeks back.

Since I wasn't covered, but paid an extra 500$ on my the bike through the dealership for gap coverage, will the gap coverage atleast cover it?

Since the regular insurance wont?

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Jul 22 2011 02:35pm
GAP coverage only covers the differance between the value of the vehical (blue book) that the insurance covers & what's owed (financed)

If u owed 10K & the insuranced coverd 8k(bluebook value)... The GAP ins would cover the other 2K

Unfortunitly I don't belive that applies in this instance were the insurance isn't covering anything ( but u should contact the GAP provider & confirm with them what they cover to be sure)
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Jul 22 2011 07:14pm
The above is correct. However in your case you are dealing with theft. Some insurance companies don't cover it and others have programs to assist you with it. Make sure you get a police report and contact the insurance company. If they will not do anything your next option is for the police to find who did it and sue them.
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Jul 22 2011 08:15pm

Quote (Termn8tin_Cobra @ Jul 22 2011 02:35pm)
GAP coverage only covers the differance between the value of the vehical (blue book) that the insurance covers & what's owed (financed)

If u owed 10K & the insuranced coverd 8k(bluebook value)... The GAP ins would cover the other 2K

Unfortunitly I don't belive that applies in this instance were the insurance isn't covering anything ( but u should contact the GAP provider & confirm with them what they cover to be sure)


Thats what I was worried about. Maybe they would still the part that the insurance wouldnt have IF the insurance had covered it.. see what Im saying? I mean if I paid all that for the gap coverage they should atleast do something rather than saying "since the insurance didnt cover any we arent"

Idk though Im sure they will probably do that.

Quote (GrimsBlood @ Jul 22 2011 07:14pm)
The above is correct. However in your case you are dealing with theft. Some insurance companies don't cover it and others have programs to assist you with it. Make sure you get a police report and contact the insurance company. If they will not do anything your next option is for the police to find who did it and sue them.


Well its obvioux I probably wont ever see the bike again. I had the police write up a report and put out a bulletin when it happened, its been 3 weeks and not to mention it looks exactly like the other 876987609 suzuki blue/white sports bikes.

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