Can any of you that are in the insurance business answer this?

I am considering putting my bike up for sale.
If I give someone permission to take it for a test ride and they steal it, do you think insurance would cover it as a theft or would they say because I gave them person permission to ride it, I'm SOL?
Back when I wore a badge, if you gave someone the keys to your car/bike and they boogied with it, they could be charged with theft by deception but not straight out vehicle theft.
I can see an insurance company trying to get out of paying a claim any way they can.

 

If a person takes a car from a dealer for a road test and the person doesn't return the car, they file a police report and it becomes a theft. They then file an insurance claim to cover the loss. The same scenario applies to private parties as well.

 

Test rides only with cash in hand, or other collateral equal to or more than the motorcycle you are selling.

Bike comes back with no damage and person does not want to buy, money/collateral is given back.

 

I would never show up to see someone I don't know with an abundance of cash in hand, nor valuable collateral. That's a great way to get killed and robbed. I laugh when I see those ads because I'm not buying your bike. On to the next ad.

That said, I've never had any issues from buyers or sellers in regard to vehicles of any kind. I've purchased two used bikes this past year and I think the sellers were satisfied that I was good for the money leaving my 2021 pickup at their place while out on the test ride. I'd be dubious of the guy showing up on foot to buy something, but let's be reasonable.

 

Hold their driver’s license until they return.

 

So no one actually knows so far.
But just because it was mentioned, a thief could show up in/on a stolen vehicle and drivers licenses can be had cheap on a street corner in most cities.

That said.
I didn't ask about whether it is a crime. I asked whether insurance would pay in such an instance.

@strych9 , not saying I doubt you but on what experience do you base your answer on please.

 

I bet the insurance company knows the answer to the question.

 

I was on my way home from a trip to Alaska once.
After taking shelter in a closed gas station up in Alberta Canada to get out of a bad thunderstorm, I noticed one of my leather saddle bags had abandoned me.
That saddlebag had a lot of tools and spare parts in it.
After I got back home, I stopped by my insurance agents office to see about filing a claim.
I was told, "no problem, get an itemized list of the value of the saddlebag and it's contents and we'll take care of it.
I did as I was asked and took the list along with any receipts I had in to them and filed the claim for a loss of $1,250.00. .
Before I got back home which was a bout a 20 minute ride, I had a voicemail on my phone telling me that if I wanted to file the claim, it would have to be on my homeowners policy and it had a $1,500.00 deductible and filing the claim would more likely than not, cause my rate to go up.
I do not trust them as far as I could throw Rosie O'donnell which is not very far.

 

I wouldn't even touch Rosie O'Donnell.....

 

If you don't ask then you won't know. My agent, Farm Bureau, gives me a copy of the policy upon request. They've bought two Road Kings for me, first was stolen, second was accident. On both, I gave them itemized lists of what was attached and in the bike. I had to file separate claims on the first one, one for the bike itself and installed items, then on the homeowners policy was contents.

They paid off near 100% on both based on my submission and what I had already annotated on the policy as add-ons.

Whatever it says is in your policy is what they are going to pay. I think I would start there instead of here.