Check your insurance' medical coverage! - Kawasaki Vulcan 750 Forum : Kawasaki VN750 Forums
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post #1 of 10 (permalink) Old 11-17-2010, 10:11 PM Thread Starter
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Check your insurance' medical coverage!

Guys, I wrote this in my last post, but I think it might be worth repeating as a main thread.

Check your motorcycle insurance's medical coverage on YOU, the primary rider. If your insurance is like mine, you will find it to be a paltry sum (like my $5000).

Just in case, see how much it would cost to up that aspect of your policy. My collision with a deer at 40 mph will ultimately end up running out my $5000 medical coverage, and I did not require surgery and did not stay overnight in the hospital.

Even with my injuries being relatively minor, I'll be out of pocket on this. Just wanted to mention it so you could keep it from happening to you. I don't think the increase in medical will cost you that much, and it would certainly be worth it...

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post #2 of 10 (permalink) Old 11-17-2010, 10:12 PM
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The medical coverage on your policy is only designed to provide quick cash for immediate medical expenses. It is not intended to take the place of general medical insurance.
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post #3 of 10 (permalink) Old 11-18-2010, 09:32 AM
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Quote:
Originally Posted by RobertGary1 View Post
The medical coverage on your policy is only designed to provide quick cash for immediate medical expenses. It is not intended to take the place of general medical insurance.
He's right they will usually give you the medical payments as so much per diem to the cap. They will also usually do so before any type of settlement, which is where bodily injury and property damage are covered.


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post #4 of 10 (permalink) Old 11-18-2010, 11:41 AM
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Just by way of clarification:
Bodily Injury & Property Damage apply ONLY to damage you cause to a third party. Medical Payments are considered to be coverage for anybody involved in an accident. For example, if you stumble upon a wreck and call an ambulance, if the injured people have no coverage, most time your insuror will be willing to pay (under medical payments) certain finite amounts for the emergency responders. The medical payments also apply to the "Insureds" immediate medical care, ie ambulance, ER, fire department, HazMat if required.
I strongly suggest to all the Vulcaneers residing in states with required un/under-insured motorist coverage to look at the maximum limit possible.
In Alabama you have a greater chance of being hit by an under-insured cager than any other type of accident. That coverage applies to passengers also for you 2 up riders.
I will be glad to discuss any members' coverage at no cost.
I may be learning motorcycles & motorcycle engines, which is why this board and the members have been SO helpful, but 35 years as an insurance broker has made me " Smarter than the average bear " as Yogi would say.
Ride safe

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post #5 of 10 (permalink) Old 11-18-2010, 12:00 PM
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Quote:
Originally Posted by 76dore View Post
Just by way of clarification:
Bodily Injury & Property Damage apply ONLY to damage you cause to a third party. Medical Payments are considered to be coverage for anybody involved in an accident. For example, if you stumble upon a wreck and call an ambulance, if the injured people have no coverage, most time your insuror will be willing to pay (under medical payments) certain finite amounts for the emergency responders. The medical payments also apply to the "Insureds" immediate medical care, ie ambulance, ER, fire department, HazMat if required.
I strongly suggest to all the Vulcaneers residing in states with required un/under-insured motorist coverage to look at the maximum limit possible.
In Alabama you have a greater chance of being hit by an under-insured cager than any other type of accident. That coverage applies to passengers also for you 2 up riders.
I will be glad to discuss any members' coverage at no cost.
I may be learning motorcycles & motorcycle engines, which is why this board and the members have been SO helpful, but 35 years as an insurance broker has made me " Smarter than the average bear " as Yogi would say.
Ride safe
Great advise 76.

I pay around $100 for full coverage for a full seasonal year through Darryland Ins. If I'm not getting something like you described I'm sure if it went up a bit more to add better coverage I can live with that.

See folks with such a diverse base of members here on this great forum, you learn more then just how to work on or improve/modify your bike.

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post #6 of 10 (permalink) Old 11-18-2010, 12:12 PM
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I have everything except medical on my insurance and it runs me around $250 a year. To add the minimum of $5000 medical, would cost me another $200 a year. I just don't find it to be worth the cost. But that just me.
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post #7 of 10 (permalink) Old 11-18-2010, 12:18 PM
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Here's the latest we have in our library re: Maine's Uninsured motorist statute...if you're needing some sleeping material...
http://www.insurancejournal.com/news...0/04/46460.htm

2006 w/ 3124mi.
new to me Aug. 2010
X2-15L Battery
Iridiums
Mustang One Piece Studded
Fluids replaced
H4 Bright White Headlight

ALAS sold to a great guy in Birmingham
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post #8 of 10 (permalink) Old 11-18-2010, 01:06 PM
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The cost varies a lot by state. In California medical payments is a very expensive option to add, almost double's the policy for me. I was told that is because California has no season for riding; we ride year long.
Again, the purpose of medical payments is immediate cash. The insurance company will pay this out before a complete investigation is done and before deciding who is at fault. After that other insurance is expected to cover the actual cost of medical.

-Robert
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post #9 of 10 (permalink) Old 11-18-2010, 05:24 PM
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If you have excellent medical cover through a health insuror, is personal coverage needed?

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post #10 of 10 (permalink) Old 11-18-2010, 09:47 PM
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FW, I applaud that you have top quality medical coverage. With Barry Obama's plan, very few will have that luxury. Off my soapbox now. The "Medical Expense" part of most insurance carriers's policies is a very broad & very affordable coverage to carry. It is normally a throw in for the liability and physical damage portions of the Motorcycle insurance policy, but, As you've seen , some states have a proven history of higher claims, ergo, a much higher premium.
The most recent tragedy involving the hit & run that killed all those innocent riders points out the fact that it will be years before any of the insurers sort out "whom" is responsible for all the medical, emergency and police expenses caused by this wreckless prick. We all put our lives at greater risk to ride virtually unprotected among, for the most part, resentful cagers that have very little concern for anyone's space but their own.
It is a trade off.
I always suggest to my clients that ALL insurance is "sleep protection". Each consumer needs to buy the limits of coverage that they are comfortable with.
Insurance companies ain't your pals, they ain't your good neighbors, you ain't in good hands. Pick where you feel vulnerable and buy the coverage that protects against that.
All you need to do is go online with 5-6 different carriers and check out their prices. It will take an hour but well worth your money. Unless you are buying from a long time familty friend, it is like buying eggs at the supermarket. Is there that much difference in grade "a" Large or Grade "A' extra large.
No insurance covers everything that can happen.

I carry much more liability insurance than I should but I never want my family to be beholding to someone because my riding error caused someone else harm.
Your medical insurance should not have any exclusions for injuries resulting from riding a 2 wheeler. If it does, then fill in the gaps with your motorcycle policy. If not, then sleep well tonight and ride safe in the morning.
Sorry for the long reply but as you know, you can't ride without insurance and the money grubbing insurance carriers will sell you anything you will buy.

Most likely you have got adequate coverage but I would take that time to hit the websites of all the "Motorcyle specialist"
1. Geico
2. Progressive
3. Allstate
and all the regional guys like they have in Maine.
Hope this helps

Ride Safe

2006 w/ 3124mi.
new to me Aug. 2010
X2-15L Battery
Iridiums
Mustang One Piece Studded
Fluids replaced
H4 Bright White Headlight

ALAS sold to a great guy in Birmingham
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