After My ZX6R got stolen I owed Statefarm 600 bux. I was curious about the math (monthly payments)
My agent was not allowed to share the monthly breakdown with me(!). I think they did not know it either.
I had to contact Complaint Liaison Office and they took few days to provide it.
Motorcycles, Mopeds and Scooters
% of the retained premium
January 0
February 0
March 5
April 10
May 10
June 20
July 20
August 20
September 10
October 5
November 0
December 0
Use during the summer months is heaviest and this generates additional premium for these months. Included, you will find the pro-rate chart which outlines the amount of premium that is charged during the months where a motorcycle is used the most. The period between March and October is considered the main usage months for motorcycles
(see diagram below).
.....................Mar. ............................Oct....................
|---------------[------------------------]----------------|
January .................... one - year term.................... January
As a result, the annual premium is pro-rated so that the premium is “used up” during this period
(summer). Full coverage however, is provided all year long.
My agent was not allowed to share the monthly breakdown with me(!). I think they did not know it either.
I had to contact Complaint Liaison Office and they took few days to provide it.
Motorcycles, Mopeds and Scooters
% of the retained premium
January 0
February 0
March 5
April 10
May 10
June 20
July 20
August 20
September 10
October 5
November 0
December 0
Use during the summer months is heaviest and this generates additional premium for these months. Included, you will find the pro-rate chart which outlines the amount of premium that is charged during the months where a motorcycle is used the most. The period between March and October is considered the main usage months for motorcycles
(see diagram below).
.....................Mar. ............................Oct....................
|---------------[------------------------]----------------|
January .................... one - year term.................... January
As a result, the annual premium is pro-rated so that the premium is “used up” during this period
(summer). Full coverage however, is provided all year long.