OT: Insurance (in US)

 
I'm in midwest US, have an ancient CBR600, kinda ancient myself, don't
ride a lot.

State Farm policy looks like:

A.) Liability
    bodily injury 25/50k
    prop damage 25k             $39
B.) Uninsured motor vehicle
    bodily injury 25/50k       $110

A.) is up about 8% from last year. B.) is up about 38%.

I've got independent med insurance (500 deductible) that, if I'm not
mistaken, would cover me if some uninsured motorist managed to
splatter me all over the road.

I'm thinking I don't wanna pay for B.). Ask the insurance co. to
write for "Liability" only?

Also, seems there was some BS issue about coverage for 2nd rider
(I never, EVER ride double), but I can't remember the details.
Anybody know of such?

  Thx,
  Peetie

 Peetie Wheatstraw wrote:

I would consider this a blessing in disguise, it gives you an excuse to
investigate just how good your assumptions are about your independent medical
coverage.  I'm not saying you aren't covered, but digging into this might
reveal that you actually do need or at least might benefit significantly
from buying the BI coverage.

Get a copy of all relevant policy documents, read them cover to cover, and
then, when you don't understand something, at least you will be acquainted
with the main points and can intelligently discuss them with your ins co
representatives.

In other words, better just do your due diligence and don't rely on advice
you get here...

 

OK. Point well taken.


Say there were 150 million insured working adults in the US.

How many do you think:

a.) Maintain or can readily acquire all relevant policy documents?
b.) Would take 40 days/40 nites to read all the garbage-legalese?

When a Wellpoint co. took over med ins. in my state, it took months and
a complaint to the state ins. dept. just to get written policy definitions
out of 'em. So I understand where you're "coming from".

In fact, there are 69 specific exclusions to coverage on my policy.
You were right: I -did- need to take a look at them.

Near as I can tell, I am covered. An Anthem rep, on the phone,
confirmed, said that they would provide primary coverage for
injuries sustained in vehicular accident in which an uninsured was
legally "at fault". Then they would legally pursue the uninsured, if
practical (subrogation).


Part of it was just to get an idea of whether State Farm and the like
would split the coverage, write for liability only. They write purt
near what damn well pleases 'em, ya know.

  Peetie

 
I've dealt with State Farm.  Regardless of what they charge you, here is
what they actually pay for valid claims:

Zero

They simply take your money and, should you be foolish enough to actually
file a claim, they'll give you as many reasons as you like why you aren't
covered.

Anyway, may as well pay the $110 and cross your fingers.

CS

 


That's just damned silly.

All ins. co's split hairs, worship exclusions, etc. SF has had it's
share of lawsuits filed against it, etc. But ...

Few months ago, somebody did a tiny hit-and-run on my parked car while
I was shopping a super-mkt. I filed a no-fault claim, got SF to
send a guy around. He cut a check for the damage while parked
by my garage, no problem. Didn't cheapo the estimate either.

Got the new auto premium bill right here. A tad less than it
was last year.

So far as I know, if you've had no at-fault claims for a long
time, SF is good, cheap ins. Agents can be a PITA to deal with,
'tho.

  Peetie