because some people wouldn't buy any insurance if they had the choice?
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200 000 liability question
- Thread starter toothpicker
- Start date
because some people wouldn't buy any insurance if they had the choice?
Hammer
Well-known member
In todays society, everybody is trying to pull a scam and sue for millions...
BEWARE!!
It's like those riders that buy a bike in the winter and don't put insurance on their bike till the spring...
the bike gets stolen and then they whine about why there bike was stolen and how they had no insurance...
Stupid is as Stupid does. you can't fix stupid!
BEWARE!!
It's like those riders that buy a bike in the winter and don't put insurance on their bike till the spring...
the bike gets stolen and then they whine about why there bike was stolen and how they had no insurance...
Stupid is as Stupid does. you can't fix stupid!
RickT
Well-known member
In my case the jump from $200K to $1Mill to $2Mill was such a small cost that I'd have to be really broke or dumb to consider going with $200K. Even the most minor accident can easily run up $200K in expenses. So, to answer your original question, I'm sure if you pushed you can get a quote on $200K, I'm also sure the reason your agent doesn't want to provide the quote is that the small difference in premium isn't even worth considering, just go with $1Mill.
I've asked this question before but in light of your comment maybe I can impose on you to elaborate on a scenario.
Scenario: Eighteen year old punk with maximum attitude and minimum insurance pops a wheelie and loses it as you are walking along with your loved one. Serious medical consequences result to the tune of millions so you sue and get the 200K from insurance and the court orders the punk to pay an additional 2 million.
Punk gives the judge the finger saying you can't get blood from a stone. I don't own anything. A valid point.
Fifteen years later the punk's parents die of natual causes and he inherits the family home and cottage package worth a million plus. Could you go after the inheritance?
If the punk had matured and had a decent job could you go after part of his wages?
Maybe punk meets a stupid rich girl and moves into her house and it becomes common property. Is it up for grabs?
Is there a statute of limitations?
I believe they would garnish his wages in the meantime, and if he bought a home or inherited one it would be possible to put a lein on the house.
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