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10-20-2011, 11:20 AM
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#1 |
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WERA White Plate
Join Date: Dec 2008
Location: NC
Moto: 2009 GSXR 1300
Posts: 2,448
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Life insurance....
Thinking of our recent loss of 101lifts, I began thinking about how many of our members on here, particularly those with dependents and spouses have adequate life insurance coverage?
While my coverage is decent I've decided to bump it up a bit more, with a wife and three kids, 2 of which are in college and 1 soon to be in 3 more years I would like to know that if something happened I left them all something they could fall back on. We all know that our hobby has certain risks, and some of us up the ante quite a bit in our style of riding, this is just my public service announcement to make sure that your loved ones are covered in the event that tragedy strikes. Ride safe all....... |
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10-20-2011, 11:28 AM
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#2 |
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Follower
Join Date: Nov 2008
Posts: 5,549
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I'm pretty well covered.
My family won't have to worry if I pass but they won't be super rich either. I'm paying about 3x's what an "normal" person my age would for coverage because I race. I'll redo and increase my coverage when I hang up my boots.
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Racing For Smiles |
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10-20-2011, 11:33 AM
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#3 |
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AMA Supersport
Join Date: Nov 2008
Location: Redneck Riviera, FL
Moto: 2003 VFR800f6
Posts: 2,531
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I have the default insurance that comes through work. No dependents.
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10-20-2011, 12:00 PM
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#4 |
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token jewboy
Join Date: Nov 2008
Moto: CBR 900, KLR ugly ass duckling, Gas Man
Posts: 10,799
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400k through work, plus another 200k I pay for
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10-20-2011, 12:35 PM
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#5 | |
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Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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I have through work and through seperate insurance co.
Enough to pay off the house, and enough for her to: 1. Provide for herself and the boys 2. Have enough to live off of while she gets back on her feet (3-5 years -since shes been a stay at home mom for the past 6 years, she'll need some time to get back into the working world). Prior to getting the ins policy...she would never let me go riding at night and she would always say how much she worries about me when I'm out riding. With the insurance policy now in effect... "Enjoy your ride"
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10-20-2011, 12:54 PM
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#6 |
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What?
Join Date: Nov 2008
Location: Lancaster, PA
Moto: Dirt
Posts: 578
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I'm worth more dead than alive!
wait... don't tell the wife... she knows how to shoot!
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Lean till you see sparks. If they are coming from your pegs you are doing good. If they are coming from you tank, you've just gained wisdom... Wisdom usually hurts. |
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10-20-2011, 01:02 PM
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#7 |
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SFL Expatriate #1
Join Date: Nov 2008
Location: ATL Burbs
Moto: '09 Triumph Speed Triple
Posts: 4,712
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I've been thinking alot about such things lately as well, as a result of 101's incident. In the back of my mind I've even considered putting a pause on riding for a while - until the kid(s) are a little older.
Currently, we both have adequate coverage to pay off all debts and put some money in bank for long term needs, for the other person. We're maxed out on the coverage made available by our employers; Im' going to be looking into augmenting the coverage through our Allstate, our current home/auto insurer. |
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10-20-2011, 01:08 PM
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#8 | |
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This is not the sig line.
Join Date: Dec 2008
Moto: Be prepared. What? Oh, *moto*...
Posts: 1,279
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Quote:
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This was no time for half measures. He was a captain, godsdammit. An officer. Things like this didn't present a problem for an officer. Officers had a tried and tested way of solving problems like this. It was called a sergeant. -Terry Pratchett, Guards! Guards! |
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10-20-2011, 01:44 PM
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#9 |
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Trip's Assistant
 
Join Date: Feb 2008
Location: Imported from Detroit
Moto: 2009 HD Street Classic
Posts: 12,149
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I have enough to pay off the house and then 3 times my salary. No kids... so wifey won't be rich but she'll have a paid off house, with money to spare... she should be able to live as she does now...
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10-20-2011, 03:02 PM
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#10 |
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Viff6N Mutated Warrior
Join Date: Mar 2009
Location: Texas
Moto: '01 Honda VFR 800 & '09 ER-6N
Posts: 8,704
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I dont have crap. Im by myself so selling of my stuff would pay for my funeral. Only thing I owe money for is my other bike and Im sure the bank would just take it.
Last edited by Rangerscott; 10-20-2011 at 03:05 PM.. |
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