Ezekiel Kadner: There's ALWAYS a premium with liability insurance. Copayments are usually for health and life insurance, not casualty insurance, and liability is a type of casualty insurance.Deductibles, well, there CAN be a deductible on liability insurance, but it's pretty rare with personal insurance like homeowners or car insurance. It's pretty common with larger commercial insurances like general liability and workers compensation, and auto insurance, and is standard with professional liability policies....Show more
Tyrone Disanti: You will have to pay a premium for liability insurance. There isn't a co-pay or deductible. Liability Insurance protects you against third party claims.
Chi Alfero: I never made payments to a bank on a bike. I would believe they insist on full coverage if the bike is collateral for the loan. In any case, you should be able to get liability. This would leave you paying for a new bike if yours were to be reduced to junk. Tal! k to an independent insurance agent or broker. Asking them doesn't cost a dime, and they have all the information you need.
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