I have Progressive insurance and had an issue with theft. My policy gives me the cost of bike plus $3k in accessories. No receipts and they took my research on parts cost. The adjuster verified my numbers and paid out a higher amount yet! Progressive has my business! With 3 quads, two trailers and a Goldwing insured by them, they better do me right.
Sounds like a good deal.
I felt screwed by Geico so dropped them on several vehicles and put my 95 full covered onto Progressive and 82 1100 also but only just liability to be legal riding it. I've not rode the 82 for near 2 years but around the house to keep it running but I just put collector plates on it recently so will be riding allot more when this rain stops and ! get work caught up.
For my Deer hit March 2012, Geico could not send an adjuster to look at my bike, not one within 6 hours of me for the days drive.
Forget the LIES they tell in their ads, You CANNOT make an appointment to see an adjuster! They just flat out LIE when they say you can with one simple call and a few minutes time!
I offered to haul my 88 on my own trailer with my own truck at my own expense to anywhere like Springfield, MO. where they DO have adjusters.
I was told they CANNOT make appointment's, the adjusters just run around helter skelter doing what they want when they want and appointment's cannot be made to meet with them.
So when I say they LIE I mean just that, Bald faced LIARS!
Then they give that crap about automatically covered for up to $2k for extra's. BULL, they argue they want receipts. Who has receipts for gifts? I still suffered the same loss of about $1k of extra's that I no longer have even if they were gifts! I no longer have them do I?? So much for that lie of being automatically covered!
Then there is the ridiculously low price of my bike as a total! Kelly and Nada still say my bike is worth over $4K today! About $4500
I got a crappy $3350 for it as a total, that was after deducting the $200 to keep it.
So near $1k loss in extra's, a $4500 bike in near mint condition when hit by the deer, I should have got close to $5K.
Do I feel screwed over?? :lash::lash:
The only saving grace with Geico for me right now is about $700 in refunds on my premiums I already paid!
I had kept paying the full coverage on the 88 all that time even though I could not ride it. I got refunded back to the time I bought the 95 and added it in April 2012. I could have gone back a few weeks earlier even to March 15th but that would have canceled my policy and I'd ave lost discounts so it would have cost me in the long run to get back the extra, so was better to cancel it at time I added the 95.
That was a $167 check in my pocket and also covered the payment that was due in 10 days at that time for 88 liability only now and 95 full.
I canceled the insurance on my 95 the other day, they called Progressive and verified I had been carrying both policies since April this year, so I'm getting back $320 from Geico effective from April, Not when I just called this week.
So now I only have plain minimum Liabilty with Geico for the 88, that is just a little more than it should be, so I will probably cancel it soon also and put it on Progressive, and with 3 bikes at progressive the 88 should cost me far less!
Only reason I am not doing that just yet is I do both MO. and AR. and Geico is for MO. and I have Progressive for AR. and the 88 is registered now in MO for over a year still! Soon as I find the Title, kinda lost somewhere here right now, I will transfer the title to AR and get Antique tags on it for a total cost of about $17, then I will put it on Progressive with the 82 and 95 or I will go with American Collectors.
I'll keep Geico for the Liability only on my other stuff like cheap vans, cars, trucks, because if I ever cause an accident and a court orders them to pay they have no choice. They have the best rates for that.
Screw me once though, and I move on elsewhere, so they probably will not be getting anymore full coverage premiums from me on anything.
I think they said I been with them over 12 years now with vehicles, and 4 with bikes. I pay about $1k a year more or less over the years for all I insure, and for certain around $10k or more, and they tossed that away just to screw me over this one and only claim I have ever had.
So to save maybe $2k in payout they toss away $10k business in pay ins!
And we wonder why businesses fail eventually!
They could have gave me even $6k, still made over $4k profit on what I have paid in, and then kept my business on everything another 10 years or so.