Originally Posted by
Bob Penn
Before an insurance company makes a policy a lot of very smart experienced people sit down and review the statistics. They build into the price the odds of a claim and a sure profit margin for themselves! Like Las vegas your playing against the house and the odds when you buy any insurance policy!
Like health care, car insurance and yes even bike insurance, it's to the advantage of the insurance industry when the price of repairs goes up resulting in the fear of loss, forcing people into buying their product. But the facts and numbers prove, most of us will never use these policies.