Thats acurate...If u have an HMO plan or what not at work , they usually have a deductable rate , as well as a set insured up to amount... I have been pulled so many times on clearwater beach , for raipd lane changes when its hot as balls on a sunday in traffic... i usually strap my lid while on the beach... I have never once been asked for it...But having insurance is a good idea... primarily anti theft considering how many are turning up missing...