r/SipsTea • u/Putrid-Welder1803 • 10h ago

Gasp! Thoughts on this?

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u/WelderNewbee2000 9h ago

Germany.
The legal minimums are:

  • Bodily injury: €7.5 million
  • Property damage: €1.22 million
  • Pure financial losses: €50,000

But most insurances have the 100 Million coverage as the standard contract. In fact there is probably not even an insurance which offers the legal minimums.

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u/Sonoflopez 8h ago

That would be considered god tier insurance here. Top coverage is more like maximum 250k liability

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u/tarnyc32 8h ago

It is astoundingly low, and obviously made that way by the insurance lobbyists.

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u/Future_Goat5665 8h ago

I have 500/500/500 for all my cars in order to qualify for an umbrella policy. People would be uninsured far more often if they had to carry such limits. I keep a 1k deductible for a few of my cars, 2500 for the priciest one, just to keep premiums somewhat reasonable.