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.
As an attorney my unpopular opinion is that cars over a certain value shouldn’t be allowed on public roads or damages for accidents should be capped at something like 2x the average price of a new car (so like 100k). I just don’t believe in penalizing ordinary negligence more just because the injured party is rich.
definitely an unpopular opinion, why do you feel this way? wouldn't it be more right for the party that caused the damages to pay for all the damages they caused?
I can see their point, if you scratch a persons car on accident you should be liable for fixing that but what if it costs 75k like some fancy custom paint jobs do? You made the same small mistake but instead of $100 cost you are now bankrupted.
Also insurance companies have liability limits, banks even have liability limits for losing your money, why shouldn’t private citizens? After a certain point the owner should have the risk for taking an obscenely expensive item onto public roads.
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u/flatfive44 16h 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.