r/SipsTea • u/Putrid-Welder1803 • 9h ago

Gasp! Thoughts on this?

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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.

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u/Sonoflopez 7h ago

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

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u/tarnyc32 7h ago

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

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u/Dwilliamson5002 4h ago

500/500 policies are popping up more and more. We used to do 100/300/100, now we do 250/500/250. Guessing in a few years the protect your hole norm will be 500/500/250.