Bogan, thanks for the really thought provoking discussion on this. Presently we do pay ACC discrete premiums to cover us for specific things, We have different points of levy collection and these corrollate to the separate accounts ACC already runs for each type of coverage.
No ACC isn't 'insurance' by the narrow definition that you and I accept. But Nick Smith empahtically says it is Insurance and I want it to be, because it is to our advantage if it is insurance. Nick and John Key are looking for our support to help them change ACC to an Insurance company and I say lets support them wholeheartedly and then some.
"What goes around does comes around". Saying it simply doesn't make this statement true.
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All good, is one of the most on track ACC threads in a while!
Yes we do, but they are very general accounts, road users, employees, employers, other (i think they are). These seem to be set up to collect levies which are affordable to the individual, while still being able to cover the whole claims budget for each account. I like the idea of this, as risk based levies would most likely have prevented me from getting into road riding at all simply because the insurance would be too expensive as a learner rider and student, im sure the sam applies to other activities and people, ACC give us freedom to do more when we are young and earning less, then pay for it in middle age while earning more.
yeh, but i illustrated that subsidisation went both ways between the accounts as welli think
"A shark on whiskey is mighty risky, but a shark on beer is a beer engineer" - Tad Ghostal
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Motorcyclists have been paying more ACC than car drivers for years.
Great point well made.
Give me an example of the subsidisaton going each way then?
Bogan are you ready to become a member of P.A.I.N (Privatise ACC Insurance Now) yet?
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yeh, I dont think we should, same ACC account, same rate!
the one you gave of the motor vehicle account paying for income compensation of a high earner after he has an accident on the road. And the one i gave of a student having an accident at university and being paid from the earners account though the student only pays into the motor account.
I am not![]()
"A shark on whiskey is mighty risky, but a shark on beer is a beer engineer" - Tad Ghostal
This is what bothers me about privatisation. The only people who will make money are the lawyers.
And if you have a crash, you'll get sued by everybody in the car cos the passengers will all have "whiplash" and "emotional harm" and "hurt and humiliation"
And then the councils (or Transit) will be sued cos the roads are substandard and contributed to the crash - which means they'll need more cash to insure themselves, which they'll tear from the hands of ratepayers who are already hurting cos the rat-faced bastards keep increasing the "ratable" value of houses (and therefore the rates take) even when you are deafened by the whistling of house prices dropping around you.
*breathe* (sorry).
Or a kid will ride his pushbike into another kid, causing the "innocent" kid to have whiplash and emotional harm, so the parents of the "guilty" kid will get sued......
Where would it end?
Do we really want to be a mini-America in this regard?
Yes you have the right definition of worthy.
Please note than just as in Australia third party insurance will be compulsory so they won't have any trouble getting the money out of your insurance company. Of course you might want to defend it - because if you are deemed at fault you will loose your excess, your no claim bonus and your premiums are likely to go up next year.
Squiggles get off the fence will you be joining P.A.I.N. or not?
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You do realise that in Victoria with TAC (Compulsory 3rd party insurance) its costly and with what is currently a $50 extra if you're on a bike...
also note clauses such as that mentioned below... good wiggle room to get out of a claim
Under Victorian transport law you cannot make a compensation claim for damages unless you have suffered a 'serious injury', which is typically defined as a level of permanent impairment of 30% or more.
ACC is the way to go.
'Cos I wont pay it, I'll save the money to pay the fines should I ever be caught. 20,000 km last year without being checked...
But with ACC, I'm still 100% covered - Way to go eh !
David must play fair with the other kids, even the idiots.
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www.FastBikeGear.co.nz
Top brand Motorcycle accessories: R&G Racing, Titax, CTEK, Ultrabatt lithium Batteries, RockSolid, BikeVis, NGR, Oberon, Stopit, TUTORO, Posi-Lock, etc.
Mobile: 0275 985 266 Office, 09 834 6655
Well you might profit from this but you might not.
Once the police realise their is a money earner in checking registrations on bikes what do ou think will happen?
What's the bet that if you injure yourself in a bike accident and you don't have a registration, they will change it in the very near future so that you don't get ERC.
Of course since I and all the other retired and unemployed people don't qualify for ERC anyway your plan will work for us.
www.FastBikeGear.co.nz
Top brand Motorcycle accessories: R&G Racing, Titax, CTEK, Ultrabatt lithium Batteries, RockSolid, BikeVis, NGR, Oberon, Stopit, TUTORO, Posi-Lock, etc.
Mobile: 0275 985 266 Office, 09 834 6655
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