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Thread: Ins. Questions
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post #2 of (permalink) Old 06-28-2000, 06:23 AM Thread Starter
Dan F4
 
Join Date: Mar 2000
Posts: 1,246
Question

My question is: you owe $8,700 on your bike. But you can buy it new for $7,000 before tax, reg, fin.
You get into a accid. and the bike is a total loss. Do you get your loan payed off ($8,700)? Or do they give you $7,000 the price it would cost to get you a new one?
And if you only get $7,000 for a new one do you keep paying your loan for $1,700?

Hope this is not a stupid question. Just would like to know if any has a answer.

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Dan F4 Red/Black
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