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Post by tmurphy on May 29, 2013 12:42:46 GMT -5
Insurance isn't required in Florida, but the financial responsibility bit means that I choose to pay $82 a year for insurance on my 150. I keep myself in a state of near insolvency at all times, so that I can be collection proof, but I still buy the insurance to eliminate the hassle of legal action.
As far as the original post goes, I'm shocked that insurance in Canada costs so much. Higher costs usually mean a more costly risk pool, so I wonder if Canada has different vehicle insurance laws that prevent insurance companies from denying as many claims as they do here in the USA...
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Post by rockynv on May 29, 2013 21:11:38 GMT -5
It is the extra terratorial insurance and comprehensive coverage with uninsured/underinsured motorist protection that costs extra. In the Tampa Bay area these can add $1,500 to a policy however if your health insurance does not exempt injuries sustained while riding a motorcycle then you may not need the extra $1,500 of insurance. Property damage and full replacement coverage for my Aprilia is less than $100 a year since my health insurance does not exempt motorcycles.
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Post by rockynv on May 29, 2013 21:19:07 GMT -5
Legal action is not prevented by having insurance in Florida. Once they tap out the max on your policy then they will start digging for hidden assets and for others who could be held accountable for your actions.
For example a 45 year old son or daughter living in your house gets into an accident and is found at fault so after they tap out their insurance and assets they can then go after the parent that they are living with even though they are self supporting adults paying room and board. They will first go after the parents automobile insurance and they start going after any tangible assets they can find.
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Post by payneib on May 30, 2013 0:53:56 GMT -5
a 45 year old son or daughter living in your house Needs to get a job and move their out! |
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Post by rockynv on May 30, 2013 4:23:01 GMT -5
a 45 year old son or daughter living in your house Needs to get a job and move their out! Moved back in to care for aging parents is not that unusual. Also parents that move in with their kids can also get into a traffic mishap and open their children to being sued. |
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20% Cooler in 10 Seconds Flat
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Post by steelace on May 30, 2013 10:02:43 GMT -5
MY progressive quote is 75 a year, never had a license and this is my first scooter.
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Post by dragonsparks on May 30, 2013 22:34:58 GMT -5
Someone call the  cause I'm 48 no tickets in 12 year's & mine is 99. Ohhh never mind that's for full coverage.  Dave |
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