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  1. #1
    Senior Member ED209's Avatar
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    gap insure your F6B

    Dangit, I was saving to buy a lot in north Georgia, now its gone.

    My wife just totaled our 2013 CRV Honda and the gap between insurance and actual payoff cost me my savings of $7000 . Bye bye money that's all I had. Now I cant even afford the driver backrest I needed. whaaaaa

    Gap your bike insurance if you can. I am.... lesson learned
    ED209 says RED is faster, you have 20 seconds to comply !

  2. #2
    Senior Member Injun Joe's Avatar
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    Quote Originally Posted by ED209 View Post
    Dangit, I was saving to buy a lot in north Georgia, now its gone.

    My wife just totaled our 2013 CRV Honda and the gap between insurance and actual payoff cost me my savings of $7000 . Bye bye money that's all I had. Now I cant even afford the driver backrest I needed. whaaaaa

    Gap your bike insurance if you can. I am.... lesson learned
    I'm sorry for your troubles, but now very glad I popped for the GAP insurance. Now let's hope that extended warranty pays off.

  3. #3
    Senior Member Fla_rider's Avatar
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    Extended Warranty will payoff if you opt for tire coverage!
    John (Jay) Bettua
    2014 F6b Red- sold 2016
    2020 Goldwing Matte Black
    Retired U.S. Air Force MSgt


  4. #4
    Member Hardrock's Avatar
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    did you negotiate the insurance payout? Sounds like you got hosed.

  5. #5
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    Quote Originally Posted by Hardrock View Post
    did you negotiate the insurance payout? Sounds like you got hosed.
    Certainly possible, but more likely is that they financed 100% at the time of purchase, possibly more than that by the time any add ons were factored into the loan, or negative equity from a prior vehicle, etc. I am not saying that is a bad thing (I have financed 100% every time I have bought a vehicle), but it does mean you are upside down right away. An insurance company only pays market value, not what you owe on a loan.

    GAP insurance is a great idea, sorry you had to find out the hard way.

  6. #6
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    Quote Originally Posted by ED209 View Post
    Dangit, I was saving to buy a lot in north Georgia, now its gone.
    A lot of what??

    Re-tired, or Re-tard. Depends on your attitude.

  7. #7
    Senior Member ED209's Avatar
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    Quote Originally Posted by motoman View Post
    A lot of what??

    a lot of beer
    ED209 says RED is faster, you have 20 seconds to comply !

  8. #8
    Senior Member ED209's Avatar
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    Yes most of you are correct. It is a direct result of buying with no money down and accepting a "payment" to fit my needs rather than looking at the cost over time. my mistake

    I still want to do this Dragon road in NC soon. Looks like I will just have to stay at motels.
    ED209 says RED is faster, you have 20 seconds to comply !

  9. #9
    Member BubbaJePH's Avatar
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    I hope your wife is OK from the wreck. Cars can always be replaced. Yes with a loss but losing a loved one to a wreck.....

  10. #10
    shooter
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    Quote Originally Posted by ED209 View Post
    Dangit, I was saving to buy a lot in north Georgia, now its gone.

    My wife just totaled our 2013 CRV Honda and the gap between insurance and actual payoff cost me my savings of $7000 . Bye bye money that's all I had. Now I cant even afford the driver backrest I needed. whaaaaa

    Gap your bike insurance if you can. I am.... lesson learned
    If your bike wasn't so red I could feel sorry for you. When you buy slow azz red you have to face the consequences. Seriously brother that's good advice about the insurance and sorry for your problems.

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