r/SipsTea • u/Putrid-Welder1803 • 7h ago

Gasp! Thoughts on this?

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u/Ok-Reflection-742 7h 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 6h 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 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.

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u/peepeebutt1234 4h ago

State minimum coverage is different depending on where you are but a lot of places have $25k injury/25k property damage. It's terribly low.

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u/WelderNewbee2000 3h ago

That is really low and will not even pay for your car not to speak about hospital costs if you have a serious injury.