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Old 06-27-2013, 03:58 PM   #16
Wlfman
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When you purchase auto insurance there are several aspects to it.

Comprehensive coverage pays for loss or damage to your vehicle caused by fire, theft, vandalism, hail, windstorm, riot, falling objects, flood, collision with an animal, and other events as stated in your policy contract.

Each comprehensive claim is subject to a deductible (the amount you will pay out of pocket). You should choose a deductible that meets your financial needs; the higher the deductible, the lower the premium charged for this coverage.

Comprehensive is an optional coverage. You may want to consider whether the present value of your vehicle justifies the cost of this coverage. If you finance or lease your vehicle, your lease or financing agreement may require you to have this coverage. You should refer to your lease or financing agreement for details.
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Collision coverage pays for accidental damage to your insured vehicle caused by collision with another vehicle or stationary object. Collision does not pay for incidents covered under Comprehensive (such as theft, fire, or collision with an animal). Collision pays for reasonable repair, towing, and storage costs. If repairing your vehicle is not reasonable, this coverage pays you the actual cash value of the vehicle.

Each collision claim is subject to a deductible (the amount you will pay out of pocket). You should choose a deductible that meets your financial needs; the higher the deductible, the lower the premium charged for this coverage.

Collision is an optional coverage. You may want to consider whether the present value of your vehicle justifies the cost of this coverage. If you finance or lease your vehicle, your lease or financing agreement may require you to have this coverage. Refer to your lease or financing agreement for details.
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Bodily Injury (BI) Liability coverage pays damages for other people's injuries or death resulting from an at-fault accident involving an insured vehicle or driver. This may include medical treatment, lost wages and compensation for pain and suffering. In the event of a serious accident, these costs can become substantial. If you do not carry a sufficient limit of insurance, your personal assets and earnings could be at risk. You should choose a coverage limit that will adequately protect your assets. BI coverage also includes payment for certain legal fees, bail bonds, and court costs that you might incur.

BI provides two limits of coverage. The first figure is the maximum amount paid for injury or death to any one person. The second figure is the maximum paid (regardless of the number of people involved) for injury or death stemming from a single occurrence.
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Property Damage (PD) Liability Coverage pays for damage to other people's property (such as vehicles, shrubs, signs, or buildings) resulting from an at-fault accident involving an insured vehicle or driver. In the event of a serious or multiple vehicle accident, property damage costs can become substantial. If you do not carry sufficient coverage, your personal assets and earnings could be at risk. You should choose a coverage limit that will adequately protect your assets.
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Medical Payments coverage pays medical, dental, hospital and funeral expenses for you, household relatives and guest passengers injured in your insured vehicle. This coverage extends to household relatives injured in other vehicles or if struck as pedestrians.

The limit of liability for medical payments stated in the declarations as applying to "each person" is the limit paid for all costs incurred by or on behalf of each person who sustains bodily injury in one accident. This applies regardless of the number of persons insured or the number of vehicles to which this policy applies.

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Uninsured Motorist Bodily Injury (UMBI) pays you, your household relatives, and passengers in your insured motor vehicle for damages resulting from bodily injury or death arising out of accidents caused by uninsured motorists and, in most states, by hit-and-run motorists.Your UMBI limits must equal your Bodily Injury liability limits unless you specifically request lower limits in writing. To choose an appropriate limit, you may want to consider your ability to meet your medical expenses and other financial obligations if you were injured in a vehicle accident.

UMBI provides two limits of coverage. The first is the maximum amount paid for injury or death of any one person. The second figure is the maximum paid (regardless of the number of people involved) for injury or death stemming from a single occurrence.
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Uninsured Motorist Property Damage pays damages you are legally entitled to recover because of damage to your insured vehicle caused by uninsured or hit-and-run motorists. You must carry this coverage at the same limit as your Property Damage liability coverage unless specifically requested at a lower limit in writing. Uninsured Motorist Property Damage does not cover the first 200.00 of damage to your vehicle as the result of any one accident. In choosing a limit, you will want to consider the highest value of any of your vehicles listed on your policy.

In choosing an appropriate limit, you should consider your ability to meet your medical expenses and other financial obligations if you were injured in a vehicle accident.
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Underinsured Motorist (UIM) Coverage pays you, your household relatives, and passengers in your insured motor vehicle for damages resulting from bodily injury or death arising out of accidents caused by motorists whose liability limits are not sufficient to cover your claim.

Underinsured Motorist Property Damage
pays damages to your insured vehicle caused by motorists who have lower limits of liability coverage than those damages suffered by you. In choosing a limit, you will want to consider the highest value of any of your vehicles listed on your policy.
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In other words, you need to have Medical Payments coverage to cover yourself and passengers if you are involved in a single vehicle accident or any accident in which you are at fault otherwise you are SOL. Unless you have separate medical insurance.
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Wlfman screwed with this post 06-27-2013 at 07:40 PM
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Old 06-30-2013, 03:19 PM   #17
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Quote:
Originally Posted by redeye-az View Post
bar ditch.....not sure what the acronym means. but it's basically the drainage ditch on the side of the road. don't know if that verbiage is regional or not.
they usually make good berms if needed.
Quote:
'The slang term bar ditch supposedly comes from barrow ditch when hand labor and wheelbarrows were used to haul dirt dug from a ditch and dumped into the roadbed to raise it above the surrounding terrain. Another version states dirt borrowed from a ditch and placed on the roadbed gave birth to the term bar ditch.'
http://www.phrases.org.uk/bulletin_b...sages/994.html
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Old 06-30-2013, 03:23 PM   #18
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Originally Posted by Tom48 View Post
I have maximum insurance on my 4 motorcycles and its cheap ($400.00)
Now excuse me, but WTF does "maximum insurance" mean? It that like "full coverage", which is pretty meaningless also? Does "maximum insurance" mean you have PIP, UIM, UMPD, UMBI, etc. etc., what what what? Oh yeah, and to what policy limits, $300,000 or $500,000 or what?
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Old 07-01-2013, 04:02 PM   #19
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Quote:
Originally Posted by viverrid View Post
Now excuse me, but WTF does "maximum insurance" mean? It that like "full coverage", which is pretty meaningless also? Does "maximum insurance" mean you have PIP, UIM, UMPD, UMBI, etc. etc., what what what? Oh yeah, and to what policy limits, $300,000 or $500,000 or what?
I agree with Viverrid on this one. Lemme tell you right now, if you have the true "maximum" coverage, you're looking at a HUGE increase in premiums. When I last looked at insurance, the "full" package was three times the amount of just comprehensive and liability. This stuff isn't cheap!! Even with multi-bike discounts, there's no way you'll get $400/yr or bi-annually; maybe per MONTH, but not yearly.

You might want to double check what your coverage actually details, and Wlfman's post is really good as a checklist.
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Old 07-05-2013, 09:59 AM   #20
acesandeights
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Looks like we have some insurance folks in the house. Nice.

Full coverage is a mis-nomer. There is no such thing, or it's so ambiguous to be meaningless. What is "full" to your insurance carrier may mean something completely different to another carrier. Most people consider it comp (usually a mandatory coverage) and collision (an elected coverage). However, it can mean from minimum coverage (to include collision), to maximum limits with an umbrella. It's meaningless in the insurance industry.

We as consumers are responsible for what we buy and don't buy. To think an insurance company owes you something because you didn't purchase that coverage is asinine, maybe even asiten.

PIP or Medpay is first-party coverage for injuries. Every state is different so certain coverages are mandatory and others are not, but it's our responsibility as consumers to know what we pay for, or don't.

Most people are so concerned with premiums/rates that they don't even know what they buy, as long as it's cheaper than the last place. Talk to your agent (if you have one) and read the policy (declarations page). Also know that motorcycle coverages are not necessarily the same as auto. For example in my state PIP is mandatory on auto policies, Medpay is not on motorcycle policies. So, if you have auto coverage you have PIP, because you can't have auto without it. On a motorcycle policy you can purchase Medpay, but since it's not mandatory (and raises the premium) most people don't purchase it.

When your medical insurance carrier sends a letter to your auto/moto insurance carrier (if you don't carry PIP/Medpay) it's only to get a response that shows no coverage, a denial of coverage. It's because the insurance carriers need to determine which is primary (which carrier pays first, or at all). It's the normal procedure, to determine which carrier(s) should be receiving and paying bills and then if there is another carrier that steps up when that policy reaches its max.
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Old 07-06-2013, 10:09 PM   #21
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Several replies on this thread have suggested bringing the policy to the insurance agent for interpretation. Not wanting to sound paranoid but the agent may not have your best interests at heart. They are paid by the insurance company, not by you. It might be better to bring your policy to a lawyer knowledgeable in insurance claims.
Some time ago I had an insurance agent deny a claim only to find out later it should have been covered. When confronted the agent denied ever having spoken to me. As I had not filled out a claim form there was no paper trail. Fill out the form and request all correspondence in writing. Including any supposed denial of coverage or claim. As you may have only a certain amount of time to file a claim, the agent in my case used that to further deny my claim. They said that being as I hadn't filed the claim within the time limit they would not accept the claim.
I no longer have insurance with that company.
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Old 07-07-2013, 07:24 AM   #22
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Insurance Companies...Making Lawyers Look Good
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Old 07-07-2013, 11:47 AM   #23
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First off, never talk to an insurance agent about a claim. They are sales people. That is it.

That is why there are claims adjusters. Most claim problems would never exist if agents would stick to the part of the process that they actually are trained for.

Yes I am an adjuster, does it show.
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Old 07-07-2013, 12:05 PM   #24
acesandeights
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You sound like a Progressive insurance adjuster?
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Old 07-07-2013, 12:16 PM   #25
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I second the recommendation to get a copy of your policy and read it. They are pretty easy to understand/read and tend to be very carefully worded.

A good lawyer can be really helpful. It's extremely hard to find a good lawyer, especially if you are operating outside the realm of high end corporate stuff.
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Old 07-08-2013, 11:07 AM   #26
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Originally Posted by acesandeights View Post
You sound like a Progressive insurance adjuster?
Why would you make me dislike you so quickly?

Also you need more than just a copy of the policy. You need a copy of the declaration page as well. That shows what you actually paid for.
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Old 07-08-2013, 12:17 PM   #27
acesandeights
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I saw where you're from and thought Progressive had a large call center there, but was just trying to be funny. I worked for a few insurance carriers, for a number of years, back in the day.
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