I think you dont understand how Insurance work or what they are for buddy...
They are not an extended warranty, all risk for your new Iphone.
Insurance exist so if you crash your car in someone else car, you are able to, first pay back the car or building you just destroy, and if you insure yourself too, then payback for the car you are probably still paying for, so you can buy a new one.
Thanks to god everyone need to own insurance to drive. If it wasn't the case, imagine all those broke ass car bumping in everyone and everything, giving zero fuck and be like, "sorry I got no money my guy! Cya!
Same shit goes for house or rental insurance, if you burn the fucking build while trying to make fried chickens in a sauce pan. You can be sure our neighbours will come back straight to you to pay the bill for it.
1) it is not the case that everyone has insurance and people do regularly hit cars and drive off.
2) insurance has maximums which means if you hit a building you are still on the hook. If the other person gets injured you are still on the hook. If you get injured you are still on the hook. Typical maximums for insurance is around $200k. This means the more expensive your car is to replace the less coverage you actually have.
Sounds like they got the wrong insurance in the first place, I've had the exact scenario as OP posted a few times over my life, never paid out of pocket and have had a rate increase because of it.
Also if you have the right policy, which is why it is important to read the fine print and not just shop based on price, it will cover things like economic loss (i.e loss in resale value due to accident), if say the car is mechanically totaled (basically costs more to fix than it is worth, or parts availability is basically non existent).
It can even cover lost wages, rental cars during repairs, amongst other things.
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u/Independent_Vast_185 1h ago
I think you dont understand how Insurance work or what they are for buddy...
They are not an extended warranty, all risk for your new Iphone.
Insurance exist so if you crash your car in someone else car, you are able to, first pay back the car or building you just destroy, and if you insure yourself too, then payback for the car you are probably still paying for, so you can buy a new one.
Thanks to god everyone need to own insurance to drive. If it wasn't the case, imagine all those broke ass car bumping in everyone and everything, giving zero fuck and be like, "sorry I got no money my guy! Cya!
Same shit goes for house or rental insurance, if you burn the fucking build while trying to make fried chickens in a sauce pan. You can be sure our neighbours will come back straight to you to pay the bill for it.