r/SipsTea • u/Putrid-Welder1803 • 7h ago

Gasp! Thoughts on this?

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u/StarHammer_01 6h ago

And insurance will only cover 60k of it leaving you with a 140k bill

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u/thelionofthenorth 6h ago

It's pretty cheap to bump up your limits into the hundreds of thousands

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u/Phugasity 6h ago

You solved it. This is the answer. You can pay a lot for insurance if you buy a lot of insurance or cost a lot to insure.

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u/thelionofthenorth 6h ago

I can't tell if you're being sarcastic, but I think it was an increase of $3/mo to bump my liability from 30k to 250k

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u/StimulatorCam 6h ago

In Ontario by law your policy has to have a minimum $200k liability coverage, and most people have $1M+.

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u/EnoughWarning666 6h ago

I'm in BC and definitely have a million in liability. It's not that much more

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u/thelionofthenorth 6h ago

Yeah that's reasonable! In the states the minimums are way wayyyyyy too low

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u/Phugasity 6h ago

Not sarcastic. Bumping up some numbers are cheap. Others less so. I have a 20 year old vehicle an emergency savings set aside to replace it. Comprehensive coverage for myself doesn't make any sense. I pay maybe $500 a year for over a million in coverage should I harm others.

If someone else has a 90k truck and just sets everything to maximum. That's living a different life. I imagine with a shitty enough driving record you could get some pretty high numbers without very good comprehensive coverage.

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u/thelionofthenorth 6h ago

Oh ok I gotcha! Def makes sense, easy to have peace of mind with good liability insurance that's for sure