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Scams upon Scams (lemmy.dbzer0.com)
submitted 11 months ago by to c/whitepeopletwitter@sh.itjust.works
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[–] 59 points 11 months ago (6 children)

Then if you are in an accident or something happens to your car, they'll try not to pay out and even if they do, they'll make you pay even more every month, regardless of whether the accident was your fault or not. Oh and you have to have it where I live or you're breaking the law.

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  • [–] 12 points 11 months ago (4 children)

    Where I live, you can choose to not have it as long as you take $50,000 and put it into a bank account and secure it and not touch that $50,000 as long as you are driving without insurance.

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  • [–] 2 points 11 months ago (3 children)

    What if you hit a lambo?

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  • [–] 2 points 11 months ago (2 children)

    It doesn't really matter either way. If you have 50k cash or a 50k insurance limit. The other party can settle for 50k or they can try to get more through sueing you. If they get a judgement for more than 50k (likely after years) then you have to pay, but if you don't have a million dollars, they aren't getting it anyway. From there they can agree to a payment plan or try to garnish wages or place line.

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  • [–] 2 points 11 months ago (1 child)

    Sounds wild to me. In UK the third party liability insurance limit is usually in the millions.

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  • [–] 3 points 11 months ago

    It's the difference between minimums and maximums. In most American states you have to have $50,000 worth of liability insurance to legally drive, which covers the majority of financial consequences for accidents.

    That being said, now that cheap cars are $35,000 brand new, it might be a smart thing if you're an American driver to have $100,000 or $125,000 worth of liability insurance to keep yourself from going bankrupt.

    The extra $100 a year for that coverage would totally be worth it if you ever have to use it.

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  • [–] 4 points 11 months ago

    Also they will arbitrarily decide how much your car was worth. Did proactive maintenance and no accidents? Cool, now it's assessed to be the same as if you had six unrepaired fender benders and kept raccoons in the back seat.

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