🚀 go-pugleaf

In <tweekDn8pFq.18s@netcom.com> tweek@netcom.com (R R M Tweek) writes: 

>See above.  My insurance premiums will be going up 500% (at least),
not 
>because I was in an accident, not because I have been ticketed, not 
>because there has been an increase in motorcycle related accidents,
not
>because more motorcycle accidents lately have been the fault of the
>motorcylist, but strictly because I now have to pay for the
irresponsibility
>of others.  

When I hear someone saying their auto (motorcycle) insurance rates will
go up by 500% - I'm listening.

You may have a good point, but, not for the reason you gave.

Under "no-fault", the Vehicle Code requiring operators of vehicles in
California to satisfy the finanical responsibility law by obtaining
*liability* insurance - I would assume, would be changed to require
operators to obtain the basic "no-fault" policy (?) Or, would the
financial responsibility law by dropped all together?

Anyway, my point is - for *motorcycle* operators to satisfy the current
law, liability by itself is only about $100 a year. If you include some
medical for yourself and uninsured motorist coverage (which is medical
for yourself) on your current motorcycle insurance policy - the premium
is closer to $500.

So, I can see your point. If your paying $100 a year now because you
just have liability - and carry no medical insurance.  Under
"no-fault", liability becomes history and the relatively good rate you
have for liability (because you operate motorcycle which can cause
relatively less damage) becomes history.  Your cost for insurance under
no-fault increases because you have to buy, in effect, medical
insurance for yourself - which is more expensive than liability on a
motorcycle.

Wait, I think I see your point about motorcycle operators vs. auto
operators, - because motorcycle operators are much more likely to get
hurt (higher medical bills) compared to auto operators - the insurance
marketplace may adjust to this by relatively higher rates for
motorcycle no-fault policies compared to auto no-fault policies.

Just trying to think this through.

Galen Hunter
http://www.hntr.com/paradigm/