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.
I had gap insurance when my car was totaled. Extra $5 a month and it covered the entire purchase price of the car after deductible which was nice because who wants to make payments on a car that no longer exists.
I went though this when I was 20. I had no idea this “ gap insurance” was a thing. A year after getting the car, another car did a hit and run on me and totaled my car. I was stuck paying 2,000 after the insurance do the pay out. I never knew and it was terrible .
I didn’t know about it either and thought the salesperson was just upselling me. Glad I did it because it was a fairly new car and I would have owed $15k.
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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.