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If there's one thing that seems the be much more forgiving in the US, it's car insurance. How has his premium and excess not become unmanageably expensive? Or n
by scoot 5y ago
If there's one thing that seems the be much more forgiving in the US, it's car insurance. How has his premium and excess not become unmanageably expensive? Or not to have been denied insurance?
UK car insurance feels more like US health insurance. High premiums, and heaven forbid if you get into an accident.
- conductr 5y agoI think it has become expensive by most measurements. Except, for them at 96, the cost and vehicle buys them independence. The alternative is to move into a senior living situation, which is quite expensive as well. I’m pretty sure they only cover him for liability and he keeps just buying new cars every time. He has some minor wealth and mailbox money type arrangements and at this age he’s in a “can’t take it with me” phase of his financial justifications. So he pays the premiums. Why they keep insuring him with no sense of the danger he imposes to others is an interesting question and it’s because their financial exposure is all that matters. They are betting that he won’t kill anyone and if he causes some property damage they feel protected from a risk adjusted perspective. But no larger corporate responsibility / citizenship is in place.