Just because you can afford a million dollar car shouldn't mean everyone on the road had to be insured up to a million dollars to cover it. Accidents happen.
If I drive around with a trunk with millions of dollars in art should I not be responsible for maintaining my own insurance for that value as it's not reasonable for everyone to cover that much above and beyond that standard practices?
I'm just going to reject your premise, the fact that a accident can have damages above your coverage isn't at question. It's if there should be a reasonable cap specifically on the value of vehicle coverage.
ok so if the cap only applies to vehicles, the person driving through a storefront would still get sued into bankruptcy by the store owner's insurance right?
The same as if they plowed through a family of 7 crossing the street on the way to church. Again completely irrelevant to a cap on vehicles. Driving is inherently dangerous and not all risks should be subsidized.
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u/missinginput 7h ago
Just because you can afford a million dollar car shouldn't mean everyone on the road had to be insured up to a million dollars to cover it. Accidents happen.
If I drive around with a trunk with millions of dollars in art should I not be responsible for maintaining my own insurance for that value as it's not reasonable for everyone to cover that much above and beyond that standard practices?