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Car insurance coverage

Nov 8, 2018 25 Comments

Ive always had 25/50/10 bodily injury/property damage. Is this too low? Comment with your coverage.

Btw im going to buy a bmw m3 which is why this is top of mind.

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TOP 25 Comments
  • OP is soooooooo Indian.
    Nov 8, 20185
  • Qualcomm whTC47
    100/300/100
    Nov 8, 20180
  • New b00
    Get umbrella insurance... This will solve your too low problem because it will require you to raise it
    Nov 8, 20184
    • OP
      I feel dumb. What is umbrella insurance and is it more cost effective
      Nov 8, 2018
    • New b00
      Insurance and cost effective should not be said in the same sentence. But yes it's more cost effective if something really bad happens. otherwise it's throwing away more money.
      Nov 8, 2018
    • OP
      What i meant was, is that cheaper than just upping my coverage
      Nov 8, 2018
    • AMD
      5nm

      AMD

      PRE
      Intel
      5nmmore
      You need the maximum coverage to qualify for an umbrella policy. My limits are 250/500/100 and I have a $2M umbrella coverage that costs about $250 a year.
      Nov 14, 2018
  • AMD
    5nm

    AMD

    PRE
    Intel
    5nmmore
    Open Table is 100% right. You need enough coverage to cover your current and future assets (that can be estimated based on your current salary).

    If you ever get into a bad accident, the injured party can easily sue you and get a judgement that you may have to pay the rest of your life.

    I rear-ended a pregnant woman. She was fine, the baby was born healthy many months after. The demand from her layer was for $110K. (Not sure how much the insurance will be paying out...but imagine if the woman and baby were not fine.)
    Nov 14, 20183
    • Intuit destiny
      How did they come up with $110k?
      Mar 12
    • AMD
      I/O

      AMD

      PRE
      Intel
      I/Omore
      Medical bills were $20k, the rest was pain and suffering.
      Mar 12
    • Intuit destiny
      It's probably less BC the lawyer`s number is a point of negotiating.
      Mar 13

  • This comment was deleted by original commenter.

  • It is to protect your asset and income from being sued in an accident. If you are broke you don't need much but if you have 1M TC you better max them all out.
    Dec 17, 20180
  • Juniper scandeep
    Isn’t that lower than minimum requirement for coverage? I have 100/300/100
    Nov 8, 20181
  • Facebook oJvA68
    You don’t want your insurance to be vastly lower then your TC. If they find where you work and assume your TC they will sue you for the difference and you’ll be able to pay.
    Nov 8, 20180
  • Nvidia Dvencoys
    Wow..that’s low
    Nov 8, 20181
  • Snapchat uHVs63
    100/300/100
    Nov 8, 20180
  • New / Eng
    ComTruise

    NewEng

    BIO
    Tc = broke. Education: the Derek Zoolander school for kids who can’t read and want to do other stuff good too
    ComTruisemore
    What you have is minimum coverage basically. The m3 will rape you on premiums unless you are a 60 year old with no claims over the last 3 decades.
    Nov 8, 20180

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