Boaters get better coverage just in time for summer fun!

If you’ve been getting the fever to get your boat out on the open waters, it may be a good time to evaluate your current insurance policy. Two insurance companies have recently restructured their coverage for recreational boat enthusiasts. BoatU.S insurance company and CNA insurance company have added benefits to policies for boaters. Boat Owners Association of the United States (BoatU.S.) has been insuring the boating community for over 40 years, and currently has over half a million members. Richard Schwartz started the company in 1964. In 1966 Dick Ellison…

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Snowmobile accidents reach an all time high

 In the Midwest, Michigan is a popular spot for snowmobilers. It has over 6200 miles of neat trails luring thousands of people every winter. However, despite its attractive profile, according to a crash data review by the Free Press, more than one hundred thirty snowmobilers died here since 2005 with hundreds seriously injured – this with even lesser snowmobiles on trails due to high gas prices and recession. In contrast to some Great Lake states which were able to minimize snowmobile related deaths, Michigan has not gone about setting speed…

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Swinton Bikes Encourages Motorists to Slow Down

Speeding has been around since speed limits were begun. Excessive speeds can cause you to have heftier fines, more points, and higher insurance rates. Additionally, it endangers your life and the lives of everyone around you. Many motorcyclists are breaking the speed limit regularly and Swinton Bikes is encouraging motorcyclists to slow down.  Swinton Bikes, the UK’s biggest retailer of motorcycle insurance, advised motorists after the Department for Transport figures showed that about fifty percent of them were exceeding the speed limit in 2009. The excessive speeds were found on…

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Motorcyclists hope for lower insurance rates

The Knesset recently passed the initial reading of a bill. If passed, it could mean lower motorcycle insurance rates.  The government will create an inter-ministerial committee to devise a solution for dropping compulsory insurance rates.  A decision is expected within 3 months. Should this bill pass, motorcyclists’ compulsory insurance pool will change.  Currently, insurance companies do not profit from compulsory insurance for motorcyclists.  For most riders they are covered by a state-mandated pool which currently runs at a deficit. It also has a cap, mandated by law, of 8%. The treasury…

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Insurance companies hesitant to insure motorcycle taxis

Insurers are not providing new products for motorcycle taxi owners. This is because of the increasing number of accidents.  Last month, the government required that all motorcycle taxis have to be insured, the riders must wear helmets, drivers must have a valid license and standard fare rates are a necessity. Despite the new reforms, insurance companies have excluded motorcycle coverage.  Insurers say it is because there has been a high loss ratio regarding theft and accidents.  The losses are significantly higher than it is for private vehicles. According to the…

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