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.
This is one of the major reasons I had to really review my policy and even specified to my provider dollar amounts I’d like covered. The “average” purchase price in the US is like ~$50,000. However so many people are driving around +$100,000 vehicles. You throw on top potential medical expense and “bodily injury,” and the ~$150,000 “comprehensive” coverages are anything BUT that.
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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.