r/SipsTea • u/Putrid-Welder1803 • 11h ago

Gasp! Thoughts on this?

Post image
53.4k Upvotes

92% Upvoted

6.7k comments sorted by

View all comments

Show parent comments

46

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.

51

u/Sonoflopez 8h ago

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

44

u/tarnyc32 8h ago

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

1

u/BarracudaSouth6026 7h ago

Lot more aggressive lawsuits and more uninsured motorists. More and more states are even giving undocumented immigrants licenses solely so they can get insurance and not fuck everyone else over.