Insurance Question: Uninsured Bodily Injury vs. Healh Insurance - Stromtrooper Forum : Suzuki V-Strom Motorcycle Forums
General V-Strom Discussion Talk about all things V-Strom not limited to just one of the above models

Reply
 
LinkBack Thread Tools Display Modes
post #1 of 20 Old 04-25-2008, 08:23 PM Thread Starter
Stromthusiast!
 
MrSpock's Avatar
 
Join Date: May 2007
Location: San Francisco, CA
Posts: 137
Question Insurance Question: Uninsured Bodily Injury vs. Healh Insurance

I'm on the market for my annual insurance renewal. Iíve got a pretty good health insurance thru my employer, so I wonder: Do I heed to pay for Uninsured/ Underinsured Motorists Bodily Injury option? It seems like all hospital bills would be paid by my health insurance (I asked them directly Ė they do cover motorcycle accidents). What strommers think? Any personal experience?

Here is the definition of Uninsured/ Underinsured Motorists Bodily Injury option:
Protects you, your relatives, and occupants of a covered vehicle if any of these insured sustain bodily injury, including any resulting death, in an accident in which the owner or operator of a motor vehicle who is legally liable does not have insurance or does not have enough insurance.
MrSpock is offline  
Sponsored Links
Advertisement
 
post #2 of 20 Old 04-25-2008, 08:41 PM
Stromthusiast!
 
Green427's Avatar
 
Join Date: Nov 2007
Location: Newark, DE
Posts: 464
If it costs a little bit more, it may be worth it just in case.

Getting uninsured/underinsured protection will help you if someone hits you and totals your bike, but does not have insurance to pay all your bills & bike replacement. If someone does not have insurance, chances are you will have to sue them for your deductibles, etc, and chances are they will not have any money to pay you.

Read your insurance's fine print carefully. My first bike insurance company said that if I waive PIP, the deductible will be $15,000. Many health insurance companies will not cover injuries sustained while using recreational motorsports, so do your research carefully.

1995 Honda CB750 - sold
2005 Honda Rebel -sold
1990 Honda PC800 -sold
2007 DL650 - sold
2011 DL650A - current

Last edited by Green427; 04-25-2008 at 08:44 PM.
Green427 is offline  
post #3 of 20 Old 04-25-2008, 08:54 PM Thread Starter
Stromthusiast!
 
MrSpock's Avatar
 
Join Date: May 2007
Location: San Francisco, CA
Posts: 137
Quote:
Originally Posted by Green427 View Post
If it costs a little bit more, it may be worth it just in case.

Getting uninsured/underinsured protection will help you if someone hits you and totals your bike, but does not have insurance to pay all your bills & bike replacement. If someone does not have insurance, chances are you will have to sue them for your deductibles, etc, and chances are they will not have any money to pay you.
I believe the bike repair/replacement should be covered by Collision coverage... The one I meant is "Uninsured / Underinsured Motorist Bodily Injury Coverage" - it supposed to cover medical bills.

Quote:
Originally Posted by Green427 View Post
Read your insurance's fine print carefully. My first bike insurance company said that if I waive PIP, the deductible will be $15,000. Many health insurance companies will not cover injuries sustained while using recreational motorsports, so do your research carefully.
I asked Blue Cross rep about motorcycle accidents coverage. He told me any road accided will be covered. They won't cover the life flight though. Only if I'm uncontios or there is a life/limp loss thretening situation.
MrSpock is offline  
 
post #4 of 20 Old 04-25-2008, 08:59 PM
 
Join Date: Mar 2008
Posts: 428
Definitely talk with your agent, usually however if you have uninsured motorists on another vehicle with the same agent it will cover you on the bike
Bitter Born is offline  
post #5 of 20 Old 04-25-2008, 09:10 PM
Stromthusiast!
 
stevet's Avatar
 
Join Date: Jun 2007
Location: Twin Cities, MN, USA
Posts: 2,153
Exclusive of the annual/monthly premium of the coverage, you can't have too much.

Example- you take a header into a curb. Your $500 helmet does it's job and you live to tell about it, but it takes a month for you to get out of the hospital to share the story...

Again, you can't have too much insurance. $200k, 300k, 500k goes REALLY fast with extended stays in the ICU. Even worse- the one that has the extended stay is a loved one and the vehicle insurance (you are considering skipping) is the only thing paying (some) of their bills because they work part time for a non-profit social agency and they have no health insurance...

It's only money, you can't take it with you.

Steve.
Twin Cities, MN, USA
'18 DL650XT, previously '07 DL650 and others
"With the rights of life, liberty, and the pursuit happiness comes responsibility, to yourself and others. With responsibility comes accountability. Without responsibility, without accountability, we cannot and will not be a free and civilized society."
-Me, Steve T.
stevet is offline  
post #6 of 20 Old 04-25-2008, 09:17 PM
Stromthusiast!
 
Join Date: Oct 2005
Location: Albuquerque, NM USA
Posts: 268
Quote:
Originally Posted by MrSpock View Post
I'm on the market for my annual insurance renewal. Iíve got a pretty good health insurance thru my employer, so I wonder: Do I heed to pay for Uninsured/ Underinsured Motorists Bodily Injury option? It seems like all hospital bills would be paid by my health insurance (I asked them directly Ė they do cover motorcycle accidents). What strommers think? Any personal experience?

Here is the definition of Uninsured/ Underinsured Motorists Bodily Injury option:

Protects you, your relatives, and occupants of a covered vehicle if any of these insured sustain bodily injury, including any resulting death, in an accident in which the owner or operator of a motor vehicle who is legally liable does not have insurance or does not have enough insurance.
It's worth every penny in the event your losses and/or injuries occur as a result of an uninsured driver's actions -or worse yet, a driver who flees the scene. Check with your agent and get the details.

You ain't bragging if you can do it
05 DL1000 (departed)
06 DL1000
jomawan is offline  
post #7 of 20 Old 04-25-2008, 09:46 PM
Stromthusiast!
 
Xavier6162's Avatar
 
Join Date: Nov 2007
Location: Corona Caifornia
Posts: 1,123
If you already have regular health through your employer, as an example, then having the Uninsured/ Underinsured Motorists Bodily Injury option would result in double coverage. And if that's the case, your insurance company will let your Health Insurance take the hit.

Last edited by Xavier6162; 04-25-2008 at 09:49 PM.
Xavier6162 is offline  
post #8 of 20 Old 04-25-2008, 10:30 PM Thread Starter
Stromthusiast!
 
MrSpock's Avatar
 
Join Date: May 2007
Location: San Francisco, CA
Posts: 137
Quote:
Originally Posted by stevet View Post
Again, you can't have too much insurance. $200k, 300k, 500k goes REALLY fast with extended stays in the ICU.
That is the problem! The option I'm talking about covers only $15K/person $30K/accident! But it increases the premium approx by 30%

Last edited by MrSpock; 04-25-2008 at 11:27 PM. Reason: Edited the coverage values
MrSpock is offline  
post #9 of 20 Old 04-25-2008, 10:38 PM
Stromthusiast!
 
stromerman's Avatar
 
Join Date: Apr 2008
Location: Salt Lake City
Posts: 83
Send a message via Yahoo to stromerman
Talk to your agent, shop around. Can't stress that enough. I left Allstate here in Utah to go to Farmers. Better insurance and lower rates. I had a friend get in a bad motorcycle accident, broken bones, rash, etc. Medical insurance covered all medical bills. The auto insurance didn't cover much at all, so they let the medical insurer take the hit even though the cage driver was at fault. I am certain this varies state by state too. I hope that helps.

Rich[COLOR="Navy"] [/COLOR] '06 Red V Strom. Suzuki Top Case.
"When I was a kid I used to pray every night for a new bicycle. Then I realised that the Lord doesn't work that way so I stole one and asked Him to forgive me."
"Extraordinary claims require extraordinary evidence." Carl Sagan
stromerman is offline  
post #10 of 20 Old 04-25-2008, 10:42 PM
Stromthusiast!
 
Join Date: May 2007
Posts: 166
MrSpock, like you, I'm a CA resident and have good MEDICAL (sic) coverage through my employer's group health plan. For those living outside the state of CA, there is a law on the books here that requires insurors to notify prospective insureds (is that even a word??) that they will have to specifically sign a waiver acknowledging that they are refusing un-/under-insured MEDICAL coverage. The requirement creates a lot of heartburn for those of us who don't understand insurance-speak.

I called Geico, my bike insuror, and they had one of their licensed CA agents speak with me. His explanation left a lot to be desired, but it came down to him being required to make specific statements that left the answer rather unclear, but essentially, with good health insurance, a rider doesn't need the un-/under-insured MEDICAL coverage from them.

I called my health plan, and they told me that I am fully covered for MEDICAL costs by them, to the limits of the policy, if I am injured in a motorcycle crash with an un-/under-insured motorist. Obviously, there is going to be a conversation in front of a judge between my insuror and the other party, but that won't be my problem.

I declined the un-/under-insured motorist MEDICAL coverage offered by Geico, and I sign their waiver every time the insurace is renewed. Saves me a little money for gas.

George
George Johnson is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Stromtrooper Forum : Suzuki V-Strom Motorcycle Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome