3 ms·
Yea but if the costs of accident exceed that bond you still have to cover it if your at fault. Plus most medical expenses quickly will exceed those bond values
by anfilt 3y ago
Yea but if the costs of accident exceed that bond you still have to cover it if your at fault.
Plus most medical expenses quickly will exceed those bond values these days. Maybe decades ago if you had a lot money to just set aside getting no interest on it it may have made sense.
However the costs of medical and even cars today make it quite a risky proposition
- seanmcdirmid 3y agoLaws haven’t kept up with rising costs, so the amount of coverage you are required to have in most states won’t cover the average accident, let alone catastrophic ones. Same with the amount you have to bond for.
- kube-system 3y agoThat's not any different than with car insurance. If the costs of a car accident exceed your limits you have to pay it too.