I would like to find the one person on earth that disagrees with this "unpopular" opinion 😐

by Anonymous 2 days ago

I think a lot of people would disagree with this if you put it in context. 2 things to consider: 1st, The state requires you to have a "minimum" amount of insurance. That doesn't mean your liability is limited to that amount of insurance. Forget cars for a second, what if you drove your car into a store which caused a fire and burned down the business. Are you not liable beyond your measly $25k liability? Are we saying the business who was harmed due to no fault of their own, they should have to suffer from your consequences? 2nd, using this same logic why are personal injury lawyers allowed to sue for such large judgements? You think a $250k car is expensive, if I own a retail store and someone trips because they are staring at their phone and they fall and break a hip, if I have a $5mil umbrella liability policy I guarantee you I am getting sued for $5mil.

by Anonymous 2 days ago

I have but didn't think about it.

by Anonymous 2 days ago

People that have multi million dollar cars don't have normal insurance (most are probably self insured). If they get in a wreck they know the other person's insurance isn't going to cover it.

by Acceptable-Pin 2 days ago

Lmao

by Resident_Cost8906 2 days ago

Their insurance can cover the max, but after that no personal asset touching. That's why people have insurance and it should not be able to be surpassed.

by Anonymous 2 days ago

Should this also apply to commercial vehicles? A lorry carrying consumer goods is easily worth a million euros. Should the company owning the truck or the goods inside just take it to the chin and lay off four people to cover the damage?

by Lanky_Inspection 2 days ago

That's the system today. Most companies moving goods like that would have secondary insurance, since other people's insurance normally wouldn't cover them fully.

by Even_Educator9534 2 days ago

This is totally different. It's commercial. I'm sure they have full coverage/different policies.

by Anonymous 2 days ago

They are usually self insured.

by Acceptable-Pin 2 days ago

This isn't unpopular. Anyone with a Buggati has full insurance no matter who is at fault.

by Anonymous 2 days ago

I was not aware of that.

by Anonymous 2 days ago

Just out of curiosity, what should be the cutoff for this? I know someone who was hit by another driver who had one of those low-cost insurance policies that was the legal minimum for the state. It had a max payout of $10k, even though my friend's SUV was worth more than that. It wasn't a $250k luxury car, it was a Dodge Nitro that was worth like $15k at the time.

by Anonymous 2 days ago