While discussing a new bike this afternoon with a Sydney dealer the topic of insurance came up. As I'm looking to finance the new baby full comp is required. This is expected, OK and normal. However, several "extra" options were offered by the insurer this dealer used. GAP cover. Basically the difference between "Agreed Value" payout and the owing finance amount if the bike is stolen/written off. Life cover. If you die the loan is paid out and thus no-one goes chasing your family for the debt. Disability cover. If you're disabled and cannot work the payments are covered. Unemployment cover. If you're fired (not sure if redundancy is covered but quitting is not) the payments are covered while you're unemployed. Does anyone have any experience with these extras? Opinions as to their worth or lack thereof? Personally I'm thinking that it's worth skipping all except the life cover, reasons being: in disability/unemployed I still have the bike and can sell it to cover most if not all of the owing amount; GAP isn't that much and basically comes down to excess + greenslip refund + any amount left owing on the premium if your bike can be replaced under "new for old" (as many/most insurers do for bikes < 2 yrs old). Regarding the life cover, is it even legal for a finance company to chase your relatives for payment of a loan if you have died? I would think "no" but am not sure (and don't wish to pay $ consulting a lawyer ). Furthermore one would assume that if you did die while owing money on the bike, either the lender could recover most/all of the cost of the bike via selling it or the insurance company would payout on the agreed value if it was written off. Thoughts?