Motorcycle Insurance California
Motorcycle “GAP” insurance?
I live in California, I was recently in a motorcycle accident. The bike was a 2008 Kawasaki Ninja ZX14, it was declared a total loss because it had to much damages for repair. My questions is, how much does GAP insurance cover. The other party is only going to pay $10,000, and the bike is worth $14,000. Does anybody know how much GAP covers?
Thanks
The GAP information is found within your POLICY documents (it should tell you how much it will cover).
If the insurance company says that your bike was worth $10K before the accident, and you have$12K left on your bike payments, GAP will give you $2000 (and usually it goes straight to your financial company that is handling your payments).
Its all what the INSURANCE company claims that the bike is worth, not what you think the value is.
