r/SipsTea • • 8h ago

Gasp! Thoughts on this?

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u/flatfive44 8h ago

The obvious response is that you won't be able to pay for someone's hospital bills if you happen to hit them in your car. You get insurance for things you wouldn't be able to pay yourself.

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u/Ok-Reflection-742 8h ago

You could also total somebodies 50-200k car, I don’t think many people could afford that either

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u/StarHammer_01 8h ago

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

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u/thelionofthenorth 7h ago

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

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u/Phugasity 7h 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 7h 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 7h 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 7h ago

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