If I stop my policy and get into an accident such as above, there is no way Id be able to cover the bill by saving on not paying insurance.
One day stay can be tens of thousands of dollars.
i agree 100%, an even more on the no loyalty aspect of company’s they are all greedy, take for instance my job is hiring more and more kids out of high school to do oil changes we have 3 now, might as well as put up a jiffy lube sign and call it a day because if they think that cheaper employees will generate them more income then i dont even know what im doing here anymore
well isent mr. obama taking care of that high cost of insurance? im still trying to see how this is going to benefit me.
if i had insurance through my work id be paying over 9% of my total income a year for insurance, aguably it would be worth it if i used it once a year for a crash like that above but i dont see myself doing that once a year…
Neither did that guy.
My wreck was a bit past that. The heli ride alone was $70K or something stupid IRC. And they tried to stick ME with the bill becasue I couldnt tell them that there was a closer hospital to take me to instead of Albany Med. LOL “Excuse me Sir, can you just turn the chopper around and take me to Amsterdam’s St. Marys instead?”
The moment EITHER insurance company finds out about the other’s involvment… shit hits the fan. IE, progressive didnt want to pay shit, and neither did CDPHP. All said and done, progressive paid the first 20K out of their pocket and CDPHP picked up the rest. That was the extent of my motorcycle policies coverage.
I fought for over 1 year, on average a phone call a week atleast chasing down loose ends and getting phantom bills with my name on them finally paid by my insurance carriers. Hospitals would double and tripple bill for things I had to chase down, becasue the insurance co wouldnt pay them and the bills came to me in my name. Long list of bullshit.
Its an absolute disgusting gut feeling when you get a bill for $60K in your name. Let me tell you.
absolutly no fucking way could that work. NONE. You are trying to tell me that somehow making even say $60K a year, someone can manage to stash away $100K in a shoe box, NOT SPEND IT, and pull it out when the accident comes!?! And even if you COULD, its not happening that year, or the next, atleast. What happens if ya get into a wreck before the shoe box is full? Bill collections will start rolling in, I whitnessed it with my own wreck when the insurance co’s pissed in eachother cheerieos refusing to pay the bills.
I would love to have the financial responsibility skills you do.
Even lowsiding a bike, breaking an arm or leg, and taking a heli ride and your looking at well over $60K in bills. EASY.
My wife is in the health care field, and I know plenty of first respondants. Everyone I know in those fields say a motorcycle MVA with injuries, a helicopter is dispatched the moment the call comes in. It takes alot NOT to have a heli come pick a rider up off the ground thats hurt!
EDIT, but yah. if you are unemployed, and subsiquently uninsured… keep your ass off a bike until you get a job and coverage. But if you dont, thats your own stupidity.
Who picks up the tab for those uninsured? Doubt many can afford a bill of caliber.
That would be those of us that work.
and those of us that have health insurance pay more to help off set those hospital losses on the uninsured.
Are you talking about the same person in question there?
$80,000 a year SI - SI tax (.31) (24,800) = $55,200 net
$18,000 yr for mortgage (1500 a mo)
$3,600 yr car payment ($300)
$1068 yr for bike payment ($89 a mo)
$1200 a yr for bike insurance (lien on bike, must have colision CBR1000 22yr old)
$1000 yr for car insurance
$2,600 yr gas ($50 a week)
$3650 yr for foor a day ($10 a day)
$1440 yr for cable phone and internet ($120 a mo)
$1320 yr for electric ($110 a mo)
$2250 a yr for house upkeep (15% of $150,000 [percent of home value])
Lets just draw the line there. Call this guy a 22 yr old single guy who owns his own porn business. Gets up goes to the studio, works, comes home watches tv or plays on the net, goes to bed, repeats. Doesnt even go out, no CC, student or msc loans.
$19,072 left at the end of the year put away into the bank. And remember hes making 80K a year (probably 3 times a much as most 22 yr olds he knows, imagin if he only made 60K a year). And doesnt spend money on shit. Saves it all for the most part. Start knocking thousands off that if he buys good gear for the bike ($2000) mods ($2-4K+), repairs and maint on the bike and car ($1500-2500 easy, tires, oil, brakes), goes out every weekend to clubs ($1400 a yr), … there is another easy $6,500 spent there if he wants to have a little fun.
so knock that yearly savings to $12,572.
Oh fuck he’s down, $136K in medical bills. His bike insurance covered $20K, I guess its not bad, saving all his money and paying his medical bills out of pocket… I mean it will only take 9.22685 YEARS to pay them off at that rate… As long as his porn biz keeps making him 80K a year!