Crash1647545504 Posted April 13, 2005 Report Share Posted April 13, 2005 So after a hassle, I got the loan I needed from 5/3rd for my bike. I put my Barretta up for collateral. The Lady I delt with, asked "who is your insuror, and what type of coverage do you have." I tell her Farmers, and I have liablity. She says "that great!" and we move on. So I took the loan got my bike im done. NOT I get the call from the bank today. The lady i delt with gets snotty and says, Bank lady-"uhh you don't have full coverage on your car!" Me-"um, am I suposed to?" Bank lady- "well yes, we have a lean on it now." Me- "Well thank you for the vital information, after I take the loan." Click My insurance to must go from $90 per month to nearley $200 graemlins/cry.gif On a lighter note, I got a huge brake on my bike insurance. Quote Link to comment Share on other sites More sharing options...
Lustalbert Posted April 13, 2005 Report Share Posted April 13, 2005 uhhhh, shitty Quote Link to comment Share on other sites More sharing options...
Guest GSRchick714 Posted April 13, 2005 Report Share Posted April 13, 2005 That sucks...because of the bank and the insurance-I hate insurance Quote Link to comment Share on other sites More sharing options...
Crash1647545504 Posted April 13, 2005 Author Report Share Posted April 13, 2005 I wish they just would have told me before hand. Quote Link to comment Share on other sites More sharing options...
Brandon Posted April 13, 2005 Report Share Posted April 13, 2005 insurence = legalized theft Quote Link to comment Share on other sites More sharing options...
Akula Posted April 13, 2005 Report Share Posted April 13, 2005 Almost all lien holders require full coverage on a vehicle. Also, bike insurance is cheaper if the bike isn't paid off (go figure). Quote Link to comment Share on other sites More sharing options...
Skinner Posted April 13, 2005 Report Share Posted April 13, 2005 . Quote Link to comment Share on other sites More sharing options...
Crash1647545504 Posted April 13, 2005 Author Report Share Posted April 13, 2005 Originally posted by Akula: Also, bike insurance is cheaper if the bike isn't paid off (go figure).Hmm thats interesting. Why is that? Quote Link to comment Share on other sites More sharing options...
Black ITR Guy Posted April 13, 2005 Report Share Posted April 13, 2005 Originally posted by Coke: Hmm thats interesting. Why is that?+1 ive always been told different why would full coverage be less expensive then liability Quote Link to comment Share on other sites More sharing options...
street pilot Posted April 13, 2005 Report Share Posted April 13, 2005 Like akula said... If there is a loan out, the vehicle is required to have full coverage... Depending on the circumstance, it may actually be cheaper to take out an unsecured loan.. Or, if you have cash in your account, you could use that as collateral. Quote Link to comment Share on other sites More sharing options...
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