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Car insurance has no lifetime limit. The limit is either per year or per event.
by bonzini 8y ago
Car insurance has no lifetime limit. The limit is either per year or per event.
- rayiner 8y agoCar insurance is sold in a 6-month or 12-month policy term, with a "lifetime limit" during that term. You can buy a new policy at the end of the term, but the insurance company isn't obliged to sell it to you.
- mikeash 8y agoIs there an explicit limit, or is it just implicit based on how many crashes you can possibly get into and get repaired within the policy period?
- SamReidHughes 8y agoThere are very explicit limits that you select when buying car insurance.
- mikeash 8y agoPer incident, though, not total, isn’t it?
- SamReidHughes 8y agoHmm, you’re right. I always figured the non-minimum limits were per term. This Geico policy document I’m reading specifically states it’s per incident.
- dragonwriter 8y agoHealth insurance was typically sold in annual terms, with annual, lifetime (actual lifetime), and often per-event limits. Health insurers were not obliged to sell you the same policy at the same rate, the same policy at any rate, or any policy at any rate, either.
- deleted 8y ago[deleted]
- eli 8y agoMy renter's insurance technically has no lifetime limit either, but they declined to renew my policy for another year after I made a single claim.