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Originally Posted by azwiley1
Umm, why just if you are financing it, I am pretty sure that it is required in all states that you maintain insurance on vehicles.
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Most states only require liability, but the bank that finances a bike will normally require full coverage so in the case of theft or a wreck, the bike will be paid for. I know that in Jersey, if you let your car insurance lapse, the bank can take out a policy and charge you for it, at a very high price. If you don't pay it, they can reposess your car. I assume bikes are the same way. I know my company began repo procedures against an employee that let the coverage on his bike lapse.