Re: Motorcycle insurance policy cancelled
Unfortunately, insurance was never meant to be used for so called 'trival' claims, even though they are defined as covered under most policies. I deal with 2 of the largest actuarial firms in the world, and they have gone on record as saying that insurance is designed to cover your losses in the event of a catastrophy or disaster, not to repair a dent or replace a handlebar. Once you figure that one out and raise your deductibles accordingly, it really means that unless you 'really can't' afford to pay for it yourself, then and only then should you file a claim.
If your claim was for a totaled bike and they covered it, then alledgedly you would have gotten your moneys worth (?).
The best one is that most insurance carriers are now factoring in your credit rating as a means to calculate your rates. This is the result of a 450 element many to many array used to determine 'associated' factors involved in financial exposure by the carriers. It takes over 4 hours to run this program on a 32 processor box specifically designed to run in Fortran/Assembler.
Bottom line is that they are in this to make money, not to lose it, so whenever they review the loss ratios and they can identify a trend, the insured ends up taking the hit . . .