Are you Sure Your Trike is properly Insured

[Ozarkryder]

I sure hope no one has to find out ! Ride safe.

Unfortunately, I found out. The thread of losing our '94 GL1500 Motor Trike is here if anyone is interested: https://www.triketalk.com/forum/thre...a+tale+to+tell

On the motorcycle part, the insurance only covered about 3/4 of the amount we would have gotten if it had been a 2 wheel 'Wing. The salvage was reduced a lot without the original parts that were taken off the motorcycle to make it a trike. I had enough of an accessory coverage rider to receive all of what we paid for the trike 7 years prior. I had every add on documented and priced according to the catalog, and the trike kit included installation and paint as listed on the kit maker's website. I don't know if it is an insurance company or a Missouri thing, but the accessory coverage was paid at the current (at the time) prices up to 100% of the coverage rider.

Something else to consider: When Gloria was applying for the title for our current GL1800 Champion conversion a check was put in the box on the title application for "trike". (All the laws and regulations on bikes in Missouri say "motorcycles and motortricycles") As this was formerly a 2 wheeler and now is an altered vehicle the application came back and had to be inspected by the Missouri State Police. The inspecting office said it is a motorcycle with an accessory and under the Dept. of Revenue guidelines wasn't altered enough to change anything. Some bureaucrat thought otherwise, and the trike was issued a "Special Construction" title and assigned a new VIN by the state. I don't know if all Missouri bike-to-trike conversions are actually supposed to be like this or if this is an isolated incident.

We now carry Agreed Value coverage and every few years I get more coverage due to inflation on the replacement of the trike kit and accessories. The cost of coverage has remained constant for the trike and hasn't gone up with the added accessory coverage. But, unlike our other bikes and cars, the cost hasn't gone down as they age, either.

[B25bsaboy]

Unfortunately, I found out. The thread of losing our '94 GL1500 Motor Trike is here if anyone is interested: https://www.triketalk.com/forum/thre...a+tale+to+tell

On the motorcycle part, the insurance only covered about 3/4 of the amount we would have gotten if it had been a 2 wheel 'Wing. The salvage was reduced a lot without the original parts that were taken off the motorcycle to make it a trike. I had enough of an accessory coverage rider to receive all of what we paid for the trike 7 years prior. I had every add on documented and priced according to the catalog, and the trike kit included installation and paint as listed on the kit maker's website. I don't know if it is an insurance company or a Missouri thing, but the accessory coverage was paid at the current (at the time) prices up to 100% of the coverage rider.

Something else to consider: When Gloria was applying for the title for our current GL1800 Champion conversion a check was put in the box on the title application for "trike". (All the laws and regulations on bikes in Missouri say "motorcycles and motortricycles") As this was formerly a 2 wheeler and now is an altered vehicle the application came back and had to be inspected by the Missouri State Police. The inspecting office said it is a motorcycle with an accessory and under the Dept. of Revenue guidelines wasn't altered enough to change anything. Some bureaucrat thought otherwise, and the trike was issued a "Special Construction" title and assigned a new VIN by the state. I don't know if all Missouri bike-to-trike conversions are actually supposed to be like this or if this is an isolated incident.

We now carry Agreed Value coverage and every few years I get more coverage due to inflation on the replacement of the trike kit and accessories. The cost of coverage has remained constant for the trike and hasn't gone up with the added accessory coverage. But, unlike our other bikes and cars, the cost hasn't gone down as they age, either.

This is a hard lesson to learn and here in Alberta Canada, we have insurance companies that require an appraisal for a trike to qualify for the endorsement 19a clause which is an agreed amount in the event of an accident, fire or theft. In order to keep the policy in force with the current values, these insurance companies require an appraisal every so many years, but the end game is that you are fully protected in the case of a lose!