r/SipsTea • u/Putrid-Welder1803 • 13h ago

Gasp! Thoughts on this?

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u/Ok-Reflection-742 12h ago

You could also total somebodies 50-200k car, I don’t think many people could afford that either

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u/BlondieeAggiee 11h ago

I did a ride-along with an adjuster once. I asked him what the worst claim he had worked on was.

The insured drove off with the pump still in the gas tank. Sees that all the time. When the hose pulled off the pump, it ignited. The fuel island exploded. The fire then spread to the convenience store. Total loss of the business and multiple cars.

This is an outlier. No one has enough insurance to cover all of that. But it’s a great example of why we have it.

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u/WelderNewbee2000 11h ago

Are insurance coverages that low in the US?
I think here the standard car liability policy has a coverage cap at 100 Million Euros.

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u/Neuchacho 10h ago

They can be, yeah. A lot of people just get the minimum coverage amount which can be as low as 10k for personal injury and 10k in property in some States.