Insurance Renewal time

[Kretz]

Insurance wise, we bikers in Michigan got sold down the stream a number of years ago when the "No-Fault" insurance scam came into effect.. Part of that scam included this thing called the "Catastrophic Fund" that all vehicle owners are required to pay into.. The basis is that whenever someone is injured in vehicle accident and their medical costs go over a certain amount, instead of funding that amount - insurance companies turn it over to the fund managers of the Catastrophic Fund for handling and they (the company's) are no longer responsible = definitely rubbing shoulders with socialism.

Digging a little deeper into the whole scam revealed (and it still is this way), a person insuring a bike also has to pay into the "fund" at the same rate as car owners, to the tune of 170 a year.. If you own a car and a bike = 340 a year just for the fund.. The horror story of all this comes up when an unsuspecting bike rider has a run in with another biker, a deer, a bicyclist or any other means of accident other than an actual 4 wheeled insured vehicle.. If no 4 wheeled vehicle is involved in a bike accident that results in personal injury = even though we are forced to pay the fund fee - we do not have access to the fund....

 

As you say Puc a scam, legally operated but still a scam & disgusting that they can get away with this nonsense!

Here in BC we also pay an uninsured /underinsured motorists protection insurance, so that if you're hit by someone who is under or uninsured, you can still make a claim. The premium used to be $25 per household, then last year they sneaked it up to $35 & that is now per vehicle (including bikes).

[djh3]

I know I hate playing the Insurance roulette ever 3 or so years. But a guy has got to do what ya can. Seems everything but my pay goes up 10% every year.