Most Test Rides Require Signing an Insurance Waiver Making the Potential Buyer Responsible for Any Damage During the Test Ride. Do ANY Companies Sell Test Ride Insurance?

Options vary from insurance company to insurance company, but at Progressive, our contract doesn’t typically offer comprehensive or collision damage during a demo ride, but the Liability coverage from the policy would transfer to the customer. So, to simplify the insurance jargon, damage to the bike wouldn’t be covered, but the Progressive rider would be covered if he or she hurt someone or someone’s property while on the test ride. There are state exceptions, but generally only liability coverage is the norm. From the dealership’s perspective it’s typically the opposite, in most cases the waiver simply releases the dealership from responsibility of any damages to others that might occur, but they cover any damages to the bike. My advice is to ask the dealership to walk you through their specific waiver before you test ride.

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How Much Liability Insurance is Really Needed If You Have an Estate Value of $500,000 or More?

If you are at fault for an accident and the medical bills from the injuries or property damage that you cause exceed your limits of liability, you are responsible for the remaining damage, which might put your personal assets at risk. Obviously you will need to carry enough insurance to prevent unnecessary risk to all you have worked for.

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How Property Damage Coverage Works

After looking at the Bodily Injury component of Liability Coverage in a previous post, we promised to explore Property (or Physical) Damage coverage. Here goes.

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Casualty Liability Coverage Explained

Simply put, liability coverage is for the benefit of others. No matter if you’re riding a sportbike, vintage motorcycle, constructed motorcycle (assembled by hand), dual-sport or full dresser, if you are the at-fault party, liability insurance covers everyone involved except you!

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