Archives for September 2017

Motorcycle Owner Pre-Accident Advice

Mennonite insurance, Ryder insurance, Progressive Insurance and others focus on selling the minimum insurance required by law, which is currently $15,000, and has been since 1990. In that same span of time, health care costs have gone up 351%. According to statistics from the Center for Medicare and Medicaid Services as expressed in this article: https://www.thebalance.com/causes-of-rising-healthcare-costs-4064878 in 1990 the average person used $2,843 of their income for health costs, and in 2015 that number had risen to $9,990. Carried forward, that would mean if $15,000 was deemed sufficient mandatory insurance in 1990, then the implied reasonable insurance amount in 2017 would be approaching $53,000. So, the resulting shortfall in available funds to cover your recovery from a … [Read more...]

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