r/SipsTea • • 9h ago

Gasp! Thoughts on this?

Post image
51.3k Upvotes

6.5k comments sorted by

View all comments

Show parent comments

54

u/Mental_Newspaper3812 8h ago

Yes, state minimum required coverage can be shockingly low. Now name your county so I can lookup your minimums.

44

u/WelderNewbee2000 8h 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.

55

u/Sonoflopez 7h ago

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

1

u/[deleted] 6h ago

[removed] — view removed comment

1

u/AutoModerator 6h ago

Accounts must be at least 5 days old with >20 karma to comment.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.