4 ms·
Isn't that the definition of uninsured?
by johnbellone 4y ago
Isn't that the definition of uninsured?
- function_seven 4y agoNo. If I crash my car into a $80,000 BMW and totaling it—and I have no insurance—the other party will still be able to sue me and partially recover their losses. Maybe they get $63k from me and eat the other $17k. The bank has assets. Just not enough to cover all liabilities. That's why you see the term "haircut" being used a lot in these threads.