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Old 02-19-2019, 08:15 PM
 
Location: Vienna
252 posts, read 131,829 times
Reputation: 177

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I understand that the min. Insurance here is 25/50/20k.
This looks ridiculously small for me. What are average costs of a crash at fault that includes bodily injuries here? Together with civil court cost this might go in the 100ks if I am not wrong.

So, having min 1 million cover seems reasonable. Any thoughts?
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Old 02-19-2019, 08:40 PM
EA
 
Location: Las Vegas
5,765 posts, read 4,937,013 times
Reputation: 6242
With the way people drive here, get the most insurance you can afford.
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Old 02-19-2019, 09:23 PM
 
Location: Southern Highlands
1,214 posts, read 790,058 times
Reputation: 1033
Get the minimum liability insurance, unless you have enough assets to make suing you worthwhile.
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Old 02-19-2019, 10:49 PM
 
Location: Vienna
252 posts, read 131,829 times
Reputation: 177
Quote:
Originally Posted by EA View Post
With the way people drive here, get the most insurance you can afford.
How much do you have?
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Old 02-19-2019, 10:51 PM
 
Location: Vienna
252 posts, read 131,829 times
Reputation: 177
Quote:
Originally Posted by Cold Warrior View Post
Get the minimum liability insurance, unless you have enough assets to make suing you worthwhile.
Well, I would want to avoid loosing the house I own due to being under-insured...
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Old 02-19-2019, 11:30 PM
EA
 
Location: Las Vegas
5,765 posts, read 4,937,013 times
Reputation: 6242
Quote:
Originally Posted by michael2016 View Post
how much do you have?


300/100
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Old 02-20-2019, 12:21 AM
 
1,782 posts, read 3,137,029 times
Reputation: 1916
Most people homestead their house which protects it from these types of claims.

Quote:
Originally Posted by Michael2016 View Post
Well, I would want to avoid loosing the house I own due to being under-insured...
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Old 02-20-2019, 12:01 PM
 
542 posts, read 618,574 times
Reputation: 510
Get an umbrella policy that will protect you. Umbrella policies are cheap, I pay 300$ annual for 1MM liability coverage.
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Old 02-20-2019, 12:09 PM
 
8,910 posts, read 4,200,907 times
Reputation: 11371
The first thing a lawyer does is check the policy limits of any insurance the defendant has. The surest way to get sued for a million bucks is to have a coverage limit of a million bucks.
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Old 02-20-2019, 12:56 PM
 
Location: The North
5,049 posts, read 8,918,191 times
Reputation: 3990
Unless there is permanent disability or death caused 100/300 is sufficient. The minimums are a joke, if you are going to regulate people having insurance allowing minimum coverage is stupid. Insurance companies love minimum coverage because they just pay it off and wash their hands of the situation. No need to litigate or keep their people occupied just pay off the max and leave the insured on their own should there be more liability.
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