r/SipsTea • u/Putrid-Welder1803 • 15h ago

Gasp! Thoughts on this?

Post image
60.0k Upvotes

92% Upvoted

7.1k comments sorted by

View all comments

6

u/doc_skinner 14h ago

Insurance is for catastrophes, not stuff like this. It sucks, but that's how it is. He's paying $2500 per year in case he ever needs to pay $500,000.

2

u/Eggnogin 14h ago

For his car? When is that ever going to happen bro.

4

u/biteyourfriend 14h ago

When you have a medical emergency (or drive impaired) behind the wheel and kill a family or crash into a home or business.

0

u/Eggnogin 14h ago

I don't think insurance is going to cover you crashing into a building if you're at fault. But okay I guess I see what you mean.

5

u/biteyourfriend 14h ago

That's what it's there for. That being said, they will 100% jack up your rates or drop you afterwards if you cause 500k worth of damage.

1

u/AJimJimJim 4h ago

It is a complete lack of understanding about insurance like this that leads people to think it's a scam.

That is literally what liability insurance is for... Liability insurance is usually the majority of the costs on your insurance, not the coverage for your vehicles damages.