WAUKESHA, Wis., Nov. 17 /PRNewswire/ -- To
provide peace of mind to motorcyclists and assistance to their families
in the event of a tragedy, Markel American Insurance Company now
provides Funeral Expense Insurance Coverage as an option within its
BikelinE(TM) motorcycle insurance program.
A 2006 report
from the National Highway Traffic Safety Administration (NHTSA) showed
that in 2005, motorcycle rider fatalities made up 10.5% of all motor
vehicle traffic fatalities. The report continues with data showing that
since 1997, both motorcycle registrations and motorcycle rider
fatalities have been on the rise, but the rate of increase of
fatalities has been higher than the rate of increase in registrations.
According
to the National Funeral Directors' Association (NFDA), as of July, 2004
the average cost of a funeral was $6,500, which didn't include cemetery
costs, which usually start at $2,000. Often these expenses are paid via
the life insurance of the deceased, diminishing the available funds for the future use of the family.
Markel's
funeral coverage is designed to help ease the financial burden on the
family members of the motorcyclist. The coverage provides up to $5,000
for funeral expenses associated with a motorcycle accident that results
in the death of the named insured or resident relative while operating
or occupying the insured motorcycle.
A subsidiary of the
Markel Corporation, Markel American Insurance Company specializes in
the lines of Powersport Products, Specialty Marine, Preferred Yacht and
Small Boat, and Specialty Property. For more information on our
products, please visit http://www.markelamerican.com/.
Copyright (2006) PR Newswire. All Rights Reserved.
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