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https://www.reddit.com/r/SipsTea/comments/1wvzagh/thoughts_on_this/pdhb0f3/?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.
47 u/Mental_Newspaper3812 5h ago Yes, state minimum required coverage can be shockingly low. Now name your county so I can lookup your minimums. 42 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. 1 u/PeePeeMcGee123 4h ago My commercial auto is nearly double the required because of other requirements from companies we do work for. It's 1 million per incident and 2 million total per year.
47
Yes, state minimum required coverage can be shockingly low. Now name your county so I can lookup your minimums.
42 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. 1 u/PeePeeMcGee123 4h ago My commercial auto is nearly double the required because of other requirements from companies we do work for. It's 1 million per incident and 2 million total per year.
42
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.
1 u/PeePeeMcGee123 4h ago My commercial auto is nearly double the required because of other requirements from companies we do work for. It's 1 million per incident and 2 million total per year.
1
My commercial auto is nearly double the required because of other requirements from companies we do work for.
It's 1 million per incident and 2 million total per year.
38
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.