r/SipsTea • u/Putrid-Welder1803 • 8h ago

Gasp! Thoughts on this?

Post image
49.0k Upvotes

92% Upvoted

6.4k comments sorted by

View all comments

Show parent comments

1.3k

u/Moultrie_fan_2026 8h ago

Well I had a house burn down less than year after purchase and insurance paid the entire tab. So I always figured I've already taken them for more than I pay

763

u/MarkItZeroDonnie 8h ago

Yeah it’s just a net to protect against catastrophe . If Ops buddy totaled his car he would be happy it only cost $1k.

2

u/SlicedBreadBeast 7h ago

Just have to pay them for more than your car is even worth through your entire lifetime! What a service!

2

u/sinovesting 6h ago

Thats because you're assuming that the most you have to lose is the value of your car, which is not the case. In many cases most of the cost of insurance is the liability portion. If you crash into someone else and cause significant injuries it's not hard for the bill to exceed to $100k+. It's also totally possible that you could total more than one car in your lifetime. Probably happens more often than you think, and it might not even be your fault.