Quote:
Originally posted by Turk
I just don't understand the coverage and the denial of coverages when they have no problem with bikes.
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TURK, my theory is that the losses for the crotch rockets are spread over a larger pool of risk (i.e. sure there are some nasty accidents but a larger population you are insuring thus your loss ratio is possibly lower). The insured population of Cobras on the road is what? I have seen people estimate it that roughly right 10,000 replicas and real ones have been sold? There are probably that many crotch rockets running around just in the LA basin. I sadly took a class on this stuff in college called Risk and Insurance. BORING stuff, but my answer is likely correct. Then further magnify the Cobra situation down to a specialty insurer and someone with a driving history that is not the most desirable, and it is a real problem.