03-03-2017, 12:14 AM
First off, you will want to re-confirm with your agent that neither Physical Damage (to the bike you are renting) nor Liability (for injuries or damage you may cause to someone else) are covered. If they say neither, then you will want to go further and ask if you have Liability protection when riding any other bike than the one(s) listed on the policy. If that answer is still "no", then you should shop for other insurance and Progressive would be a good place to start. (to all the amateur insurance experts reading this: yes, I know that the insurance on the other bike is primary, but too many folks ride without insurance so Stichill wants to make sure that he has that coverage). If they tell you that Liability is covered, but Physical Damage is not, then you should go back to Eagle Rider and let them know that as it could affect how much they charge you.
Next, if you have secured Liability coverage (and, ideally Physical Damage coverage) that extends to other bikes from your own policy, you still have the choice of purchasing or not purchasing the Eagle Rider coverage. You may want to pay the "fairly expensive" cost because doing so will keep any incident involving the rental bike off of your claim record which would help keep your rates from increasing after said incident. Purchasing Eagle Rider's "insurance" also means that you don't have to waste as much time on your trip talking to insurance people in the event of an incident. Assuming that you are physically able to continue your ride, you will probably get a replacement bike delivered to you which might not be the case with your own insurance. Everyone has their own idea of "fairly expensive" so you will have to weigh the benefits against that cost.
In my opinion, you should be looking for a new insurance carrier. If they have this restriction, it's anyone's guess what other ones exist.
Let me know if you want to discuss this further.
Next, if you have secured Liability coverage (and, ideally Physical Damage coverage) that extends to other bikes from your own policy, you still have the choice of purchasing or not purchasing the Eagle Rider coverage. You may want to pay the "fairly expensive" cost because doing so will keep any incident involving the rental bike off of your claim record which would help keep your rates from increasing after said incident. Purchasing Eagle Rider's "insurance" also means that you don't have to waste as much time on your trip talking to insurance people in the event of an incident. Assuming that you are physically able to continue your ride, you will probably get a replacement bike delivered to you which might not be the case with your own insurance. Everyone has their own idea of "fairly expensive" so you will have to weigh the benefits against that cost.
In my opinion, you should be looking for a new insurance carrier. If they have this restriction, it's anyone's guess what other ones exist.
Let me know if you want to discuss this further.