What do most people here do, as far as multiple bike/vehicle insurance goes, or insuring their "I only ride on good days, during the summer" kinda bike?
Unfortunately, the "good 'ol days" are long gone for me, where I had 3 or 4 bikes and my car all insured at the same time, and could pick and choose which one I wanted to ride, at any given moment of the day.
The loan cost of the new bike I'm getting, much higher insurance cost, plus modern everyday living expenses, have put a damper on my finances to the point where I will have to try and restructure my outgo vs income ratio.
If my new bike is probably only going to be used on the weekends for get out of town blasts and the occasional longer tour once or twice per year type of thing, is it bottom line cost-wise better to only have storage insurance** on it, and just put a temp. permit on it for those days that I do use it?
Only insure it for 3/6 months at a time? (maintaining storage insurance of course; also a requirement of it being financed, I'm sure, and smartest!)
Geting a years worth of (ICBC basic) insurance, paying it in one lump sum, and then cancelling when I choose, regarding when the season ends for my wish to ride it?
I realize that you take hits for "short term policy fees" and re-purchase of plate and documentation papers etc., but does that equal to more than the amount I'd "save" by not having a uselessly insured bike unused day to day, and especially not in the dead of Dec/Jan/Feb when I'm very unlikely to be riding it anyway?
**Also, what if I wanted to store my bike not at my house? (Maybe an EMS winter storage type of deal) Has anyone here done that, that have their bike insured with Cassell's? Is that ok to do? Your bike not at where you live?
Is there a best compromise scenario, that has been number crunched by someone a lot more fiscally savy than I am?
Thanks if you had the attention span to actually read all that, and cogitate a reasoned out reply