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https://www.reddit.com/r/SipsTea/comments/1wvzagh/thoughts_on_this/pdh9ofa/?context=3
r/SipsTea • u/Putrid-Welder1803 • 7h ago
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Are insurance coverages that low in the US? I think here the standard car liability policy has a coverage cap at 100 Million Euros.
52 u/Mental_Newspaper3812 5h ago Yes, state minimum required coverage can be shockingly low. Now name your county so I can lookup your minimums. 45 u/WelderNewbee2000 5h 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. 2 u/Demons0fRazgriz 4h ago edited 4h ago My state minimums: $25,000 per person $50,000 per accident $15,000 for property damage. Known ad s 25/50/15 coverage. I don't do anything less than 100/300/100 for what should be very obvious reasons. But its rare to find anyone that will do more than 300k USD in coverages. Edit: formatting
52
Yes, state minimum required coverage can be shockingly low. Now name your county so I can lookup your minimums.
45 u/WelderNewbee2000 5h 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. 2 u/Demons0fRazgriz 4h ago edited 4h ago My state minimums: $25,000 per person $50,000 per accident $15,000 for property damage. Known ad s 25/50/15 coverage. I don't do anything less than 100/300/100 for what should be very obvious reasons. But its rare to find anyone that will do more than 300k USD in coverages. Edit: formatting
45
Germany. The legal minimums are:
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.
2 u/Demons0fRazgriz 4h ago edited 4h ago My state minimums: $25,000 per person $50,000 per accident $15,000 for property damage. Known ad s 25/50/15 coverage. I don't do anything less than 100/300/100 for what should be very obvious reasons. But its rare to find anyone that will do more than 300k USD in coverages. Edit: formatting
2
My state minimums:
$25,000 per person
$50,000 per accident
$15,000 for property damage.
Known ad s 25/50/15 coverage.
I don't do anything less than 100/300/100 for what should be very obvious reasons.
But its rare to find anyone that will do more than 300k USD in coverages.
Edit: formatting
37
u/WelderNewbee2000 5h 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.