At a gasoline station in a small village, just out of doors of New Delhi, a collection of vacationers meets for the first time. They’re from all walks of life. However, they have come for the identical cause: an adventure through India’s regal vicinity of Rajasthan with Vintage Rides, a New Delhi-based totally organization specializing in bike excursions. Though notorious for its traffic, India is honestly without problems traveled by way of motorcycle, with riders capable of getting admission to lower back roads, traverse country trails and stop as they please. These encompass locations like Rajasthan, wherein the landscapes, markets, towns, and architecture erupt with color and energy. “For me, journey happens whilst you start having surprising encounters,” Alexandre Zurcher, director of Vintage Rides, tells CNN Travel. “We take businesses of riders off the beaten tune and [into] villages, wherein people aren’t used to seeing travelers. So, what occurs is continually unexpected.”
Zurcher determined his ardor for motorbikes throughout a scholar alternate application in Delhi at the age of nineteen. “I have had many stories driving bikes in India; however, the maximum memorable changed into my first experience from Kanyakumari [a southern coastal town] to the north of India,” says Zurcher. “I thought that traveling by way of motorcycle actually enabled a real interplay with the neighborhood populace.” Inspired by his private journeys, the French ex-pat launched Vintage Rides in 2006. Since then, the organization has improved to ten locations, including India, Laos, Bhutan, Thailand, Nepal, Mongolia, Sri Lanka, South Africa, and Peru.
Zurcher became the slow and constant Royal Enfield fan of vintage bikes because of the ride of preference for the enterprise’s organization excursions. “You have time to experience the panorama, to meet humans, to prevent and engage — and that is what we adore about visiting on a Royal Enfield,” says Zurcher. He provides that these motorcycles, not the handiest appearance cool, possess cultural that means, having been produced within us of a for many years. “Indians used to journey the British Royal Enfield when [the country] become a part of the British Empire. After independence, Enfield India started production within the past due to the 50s,” says Zurcher. “[This bike] has a very robust reference to the people of India.” But, in most cases, not exactly if you look into the details of the motorcycle insurance policy you purchased. The reason is that most full coverage motorcycle insurance policies will cover for total loss such as theft, accident, or natural disaster. Still, these policies typically only cover the depreciated market value of the motorcycle, not the outstanding value of your motorcycle loan.
Therefore, if you opted for a zero down payment motorcycle loan or perhaps a low payment credit card motorcycle loan, your Suzuki GSX-R1000 may have depreciated faster than you have paid down the value on your motorcycle loan. Since your motorcycle insurance policy will most likely only cover the depreciated market value of your Suzuki GSX-R1000, you are responsible for the difference in the value the insurance company pays you for your stolen or totaled motorcycle and what you actually owe on your motorcycle loan. If a motorcycle is stolen or totaled, motorcycle buyers in the first two years of a motorcycle loan are the most susceptible to not being reimbursed enough from their motorcycle insurance policy to cover the value of their motorcycle loan. So what is a motorcycle buyer to do to protect against the outstanding value of their motorcycle loan?
The answer for some motorcycle buyers lies in a little-known policy called gap insurance. Gap insurance is a total loss insurance policy that will pay the difference of the amount your motorcycle insurance company pays you for a total loss on your motorcycle and the value of your motorcycle loan. Here is a quick example. Let’s say your Suzuki GSX-R1000 has a going depreciated market value of $7500, yet you owe $9,500 on your motorcycle loan for it. In the event of a total loss such as theft or an accident, your motorcycle insurance policy will likely only pay you the used market value of $7500. However, you still owe your motorcycle lender $9500, so you have a gap of $2,000 ($9500-$7500=$2000). Gap insurance covers the $2000 gap that you still owe to the motorcycle lender since the motorcycle insurance company only paid you $7500 for your stolen or totaled Suzuki GSX-R1000.