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Motorcycle Awareness, Organ Donor Initiatives, Overland Flood Coverage

Posted By Thom Young, April 21, 2015
Updated: April 20, 2015

Motorcycle Awareness

With our spring weather, motorcycles are back on the road again, and people need to be looking for bikes. The most common injury to motorcyclists comes from vehicles turning in front of them, either making an unsafe left turn or failing to yield the right of way to a motorcycle by entering the highway in front of them. Virtually all of the drivers who cause these accidents claim they didn’t see the motorcyclist. In truth though, they weren’t looking. Often, they fail to judge the speed of a motorcycle approaching them because of either inexperience or indifference. Many state after the fact that they believed the motorcyclist was travelling at excessive speed. I’ll concede that they may be right on the speed issue once in a while, but, in reality, analysis of the impact usually exonerates the motorcyclist. Unfortunately though, whether right or wrong, the motorcyclist and passenger are always the losers in any motor vehicle accident. Please watch out for motorcycles on the roadways. Double check when making that left turn, and give extra space to allow them to pass before pulling out on the highway. In particular, if you see a large black Harley going by with a couple of happy people on it, wave. I’ll be sure to wave back!

Speaking of motorcycle safety, let’s not forget the extra precautions that we as motorcyclists need to take to ensure our own safety and the advice we should be giving our clients on this issue as well. IBC publishes a number of very good handouts on insurance matters, and all insurance brokers should remember their role as educators and advisers to their clients on preventing loss and ensuring their safety.

IBC's Top 10 Tips for a Safe Motorcycle Ride

    IBC Motorcycle Tips
  1. Drive what you can control. Often, people buy motorcycles that are too powerful for them to handle. Ask your dealer if you can test drive the bike before you buy it.

  2. Take a safety course. Be aware of your limits on a motorcycle. What would happen if you had to quickly avoid an incident?

  3. Ride according to weather and road conditions. Check the forecast and keep your eyes on the road ahead.

  4. Wear a DOT (Department of Transportation) approved helmet.  Choose the helmet best suited for how you ride, and replace your helmet every five years.

  5. Wear clothing that will protect you in a fall. Heavy denim or leather jackets and pants aren't just stylish; they help prevent nasty cuts and burns if you fall.

  6. Stay focused on the road. The cold reality is that motorcyclists are 30 times more likely to die in a collision than people in a car, according to the Insurance Institute for Highway Safety.

  7. Always be seen. Assume car drivers can't see you, so leave them plenty of room. Also, wear clothing or reflective materials that allow you to be seen.

  8. Ride in the proper position in the lane. Know where you should be positioned in the lane and never drive along the middle of the lane where there is oil build up from cars.

  9. Practise riding with others. When riding as a group form a staggered pattern and establish hand signals that all of the riders understand.

  10. Stop frequently. Being rested will help you focus on the roads.

Download IBC’s Motorcycle Tips poster.

Riders, be careful out there. The number one thing you need to do is drive defensively. On any motorcycle, you have maneuverability and visibility advantages, but they won’t save you unless you are keeping a lookout for what the other guy is doing. I couldn’t give any better advice on this issue! In my experience, it usually doesn’t matter who is at fault in an accident involving a motorcycle: the motorcyclist always loses.

Organ Donor Initiatives Revisited

I received a whole bunch of emails thanking me for making this topic an issue for discussion. My superficial review of what’s going on was criticized as well because I didn’t cover the topic in its entirety. In the last issue, I barely touched on the whole registry initiative that is underway, so here is the circular and the form that Alberta health sent to registries. You can complete the form yourself and make the brochure available in your insurance offices as well. Let’s make this important issue a game changer.

Alberta Organ and Tissue Donation Registry Brochure and Form

Overland Flood Coverage

I received a briefing on this new initiative of Aviva. The program looks very good, and I’m very excited about its introduction in our province. Brokers need to get behind it for two reasons: one is it’s good for our clients, and the other is the way it’s being rolled out. You have huge E&O exposure if you fail to provide information on it to your clients. Even existing Aviva clients will need to be presented an option midterm to ensure that they have been given notice that this coverage is available. Any opportunity to contact your client about anything is a huge opportunity to give that value-added service that others aren’t providing. You need to get a plan together. Write your homeowner clients a letter explaining what’s available and how they can get it. They may choose to wait until the renewal or to stay with what they have, but, regardless, we have to let them know. The letter needs to be followed up with a phone call and notes on the resulting discussions about the coverage. If you explain the coverage properly, the client declines it, and you fully document the interaction, there will be no coming back at you if there’s an overland flood coverage shortfall. Further, this contact will give you a wonderful opportunity to cross sell your other insurance products to your clients.

Now that the word is out, we’ll need to listen carefully to the competitive response by other insurers. One hopes that a uniform approach to this coverage by the major players will keep our marketplace level and not disrupt our clients so badly that our industry comes into disrepute on account of it. I noticed a news article on TV this week which focused on the dilemma of a homeowner who had three weather-related losses in the past five years and was advised that the insurer would not be willing to offer a renewal if any further weather-related losses occurred. The gist of the discussion was that coverage refusal was unfair. Well, it may be unfortunate but not unfair. We as an industry need to continue to educate our clients on the issues before them. Insurance remains a vehicle to share the risk of sudden and unforeseeable events. If a loss becomes a routine occurrence, companies will not want to share that risk unless the premiums are high enough to cover the losses in time. The perception that making money is bad and that our industry focuses on unreasonable expectations of returns ahead of the needs of the public is unfortunate. The premiums produce the money to pay the claims. If the claims exceed the premiums, then the premiums go up. It’s not really rocket science.

Negative selection due to these new coverages may occur, and we may well find the public pushing back, especially where a group is redlined from the coverage on account of an area’s high risk. At some point, sharing these excessively high risks may have to come about through government intervention in the market that mandates basic coverages supported by a government-funded risk sharing pool. Perhaps a facility for facultative underwriting of residential risk may be needed. Time will tell my friends, and it is an exciting time to be in our business!

In Closing

It’s nice to be back in Alberta for a while—a little windy for my liking, but the weather is temperate for this time of year. I have no illusions that I’m home scot-free of some inclement weather—at least one big spring snow storm. As dry as it is in the south, precipitation will be welcome no matter how it comes. Most of the grain crops are sown. If Mother Nature cooperates, the harvest should be early this year.

The opinions expressed in this blog are not necessarily those of IBAA.
Comment on this post below or email Thom Young privately. Thom also encourages suggestions for topics.

Tags:  motorcycle  organ donor  overland flood insurance 

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