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I'm guessing that insurance works differently in the US (assuming that it's where this author lives) since the question about insuring against hitting random Be
by Hamuko 5y ago
I'm guessing that insurance works differently in the US (assuming that it's where this author lives) since the question about insuring against hitting random Bentleys is a non-issue here: motor liability insurance is mandatory for all drivers. And really the most important thing about the insurance isn't even the fact that it covers super-expensive luxury cars like Bentleys (who even has one?) but rather that it covers healthcare costs for both parties.
I also don't have a separate coverage plan for my phone but my phone, alongside with my computers, TV, etc, are covered by my home insurance. Granted, the deductible is 150 € but it's quite a lot cheaper than replacing the screen on my iPhone 11 Pro, which is about 310 €. And I don't really even want to guess how much it'd be if I spilled a drink on a laptop. And of course, the most important part is that if there's a fire or a pipe breaks, the home insurance also covers that part. And the premium is also only 190 €/year, so I think it's pretty well worth it.
- tshaddox 5y agoLiability insurance is legally required in the US as well, yet it’s still common to pay for “uninsured driver insurance” in case you get hit by a driver who is illegally driving without insurance. There’s also “underinsured driver insurance” for cases where the at-fault driver has only the legal minimum insurance coverage and your medical bills are higher than that.
- Hamuko 5y agoIf there's someone driving an uninsured car illegally in Finland, the state will actually pay out all of the damages and then fine the ininsured person (I believe at around three times the rate that the insurance would actually be). And I think there's no maximum coverage for our mandatory motor insurance, so there's no under-insured issue either. Additional insurance coverage is then against accidents that you yourself cause, vandalism, fire, animal damage, parking mishaps, windscreen damage and so on.
- denimnerd42 5y agothe uninsured in my city tend to be illegal immigrants or poor. government is never going to recover from them so it just ends up being an insurance you pay for with your taxes doesn't it..?
- gambiting 5y agoThe problem is that even though US has mandatory 3rd party liability insurance the liability limits can be stupidly low. In the EU the absolute minimum any policy has to provide is 5 million euro for 3rd party damage, you'd need to crash into multiple Bugatti Veyrons to actually run out of coverage. And then actual insurance is usually way higher than that, I'm with the cheapest of the cheap insurers here in UK(Hastings Direct, I pay £300 a year for a fully comprehensive policy) and my liability limit is 25 million pounds.
- denimnerd42 5y agouninsured also covers hit n runs usually.