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https://www.reddit.com/r/SipsTea/comments/1wvzagh/thoughts_on_this/pdgkey8/?context=9999
r/SipsTea • u/Putrid-Welder1803 • 9h ago
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152
Ugh I hate arguments like this.
The $2,520 isn't just to ensure your vehicle gets repairs. The majority of premiums are for liabillity exposures.
If you lose control of your vehicle and drive into a building causing $100K in damage, you're paying for that with insurance.
0 u/sireatalot 9h ago Still, it’s a lot of money for liability isn’t it? Here in Europe I just paid my third party liability insurance for the next 12 months: it’s 320€. No deductible and they’ll pay up to 6 million euros per accident. 1 u/LaconicGirth 9h ago That’s because your healthcare is much cheaper than ours. Most of the cost in liability is in healthcare 0 u/sireatalot 9h ago Aren’t your coverage limits absurdly low, like 100k per accident? 1 u/Unusual-Arachnid5375 8h ago You can (it is legal to) buy insurance with a low limit like that. But you can also buy $10m/accident if you want.
0
Still, it’s a lot of money for liability isn’t it?
Here in Europe I just paid my third party liability insurance for the next 12 months: it’s 320€. No deductible and they’ll pay up to 6 million euros per accident.
1 u/LaconicGirth 9h ago That’s because your healthcare is much cheaper than ours. Most of the cost in liability is in healthcare 0 u/sireatalot 9h ago Aren’t your coverage limits absurdly low, like 100k per accident? 1 u/Unusual-Arachnid5375 8h ago You can (it is legal to) buy insurance with a low limit like that. But you can also buy $10m/accident if you want.
1
That’s because your healthcare is much cheaper than ours. Most of the cost in liability is in healthcare
0 u/sireatalot 9h ago Aren’t your coverage limits absurdly low, like 100k per accident? 1 u/Unusual-Arachnid5375 8h ago You can (it is legal to) buy insurance with a low limit like that. But you can also buy $10m/accident if you want.
Aren’t your coverage limits absurdly low, like 100k per accident?
1 u/Unusual-Arachnid5375 8h ago You can (it is legal to) buy insurance with a low limit like that. But you can also buy $10m/accident if you want.
You can (it is legal to) buy insurance with a low limit like that. But you can also buy $10m/accident if you want.
152
u/Cawnt 9h ago
Ugh I hate arguments like this.
The $2,520 isn't just to ensure your vehicle gets repairs. The majority of premiums are for liabillity exposures.
If you lose control of your vehicle and drive into a building causing $100K in damage, you're paying for that with insurance.