Posted on 05/05/2016 11:13:34 AM PDT by nickcarraway
Which was NOT your complaint. Your insurance rate (what you were talking about) is based on the value of YOUR car and what the consider to be the likelihood of YOU wrecking it. The value of other cars on the road or insured by them is NOT part of that.
Now if you run into one, that’s on you. And yes your insurance will pay, and then yes your rates will up and you will eventually pay them back. But again, that’s on you since YOU would have to be at fault. And there’s no such thing as an overly expensive car, that’s liberal class warfare BS.
Once your limits are exhausted, your assets provide the next layer of coverage. There was a guy who caused a fairly minor accident under an underpass below an interstate. A fire started and extensively damaged the interstate. Big dollars to repair.
“I think insurance companies should be limited to liability covering $50,000 per vehicle, and anything over that, is up to the owner to self-insure.”
Why is that any of your business? If I go to state farm and want to insure my 150k Porsche, they calculate what payment makes it worth the risk to them, I pay it, and we strike a deal.
It doesn’t affect you at all. But your argument makes sense to Hillary.
Its amazing what duct tape will fix.
It’s just a scratch - it’ll buff out.
Again, referring to the tree.
Are you so naïve as to actually think his insurance rates for a 265K car are the same as what you pay? He pays way more. And arguably he is paying for the danger of sharing the road with your F-350 with a piece of irrigation pipe for a bumper.
The huge majority of these cars sit in a nice garage, only drive on clear sunny afternoons and are dusted with a baby diaper when put away.
They aren’t affecting your rates.
Poetic justice. Having such a vehicle for use on public streets and roadways is simply unnecessary. If he wants to run that car on a designated track (autobon) so be it.
I hope it was a muzzie oil sheik!
My insurance rate is made up of several components.
Collision and comprehensive is based on the value of my car.
But Property Damage is only covered up to the limit that I agree to pay for. I have to insure against the idiot that chooses to drive a $265,000 car, because he puts it out there on the public highway, where I might make a mistake and damage his ridiculously priced car.
So I think I have $300k of coverage. A lot of people don’t have that much. And I accidently cause an accident that totals this boob’s car and one other. And now because this idiot drove a ridiculously priced car I’ve over my coverage limit. I could have handled two or three cars, but not a $265,000 car.
So I’m having to carry more insurance. His car does costs me because I’m having to insure against the liklihood and the cost of running into it.
And I’m saying either all states should be no fault insurance and everyone fixes their own cars. Or there should be a limit, maybe 50% above the median car price where property damage liability stops.
Property damage is inanimate objects. If you’re at fault your insurance will pay the vast majority (they never pay it all, insurance companies are weird about that, they believe strongly in fractional responsibility and will spend months arguing between 60% and 70% responsibility) of the bill for the other car regardless of your coverage.
And in rush to class warfare BS you skip the most important part: you’d be at fault in the accident. Really, the 100% all inclusive totally effective method of making sure you never have to pay to fix a car that causes you class envy is: don’t hit it.
If there’s a boob here it’s the guy who thinks he has to carry extra insurance in case he runs into a car he’s probably never going to see, much less crash.
Hey! it's a SHINY piece!!! Worth more than scrap!
My neighbor had what I decided was the ultimate farm pickup, some ancient GMC with almost the entire front body rusted off and the radiator plainly visible, there was a treated 2x6 (with horse chew marks) mounted on the front rails with lights and license plate. The rust spots made a lovely speckled coat on the faded green in the rest of the think. The deck in the bed was a steel plate on some 4x6 beams.
It was a true collectors classic...
Excitement and a hefty amount of fear.
She looked low and nasty in 5 coats of black lacquer, with that huge tunnel ram sticking out the hood. I named her "The Kid". The shop who balanced and blueprinted the motor said there was about 1000 HP at the rear wheels. It got about 4 MPG..but MAN..... Not a production car around today, none,even some super exotic Bugatti that could touch her up to 1/2 mile. I took the car to the track, strapped on a helmet, raced her in Pro Street and I clocked a low 10 second 1/4 NOT on slicks. Before I sold the car, I put I nitrous and ran on some Goodyear slicks and hit a 9.98 in the 1/4 mile. I would say total I spend 50k on that car, but man what a car, I used to scare the crap out of friends in it, you could pin someone to the seat and see the abject terror as that beast lifted the front wheels off the ground
Really? Why is that? Who gets to decide how much of anything is too much?
Oh, wait, I know the answer to that one - it's the government and the socialists/communists who hate it that you've been successful.
Which group are YOU a part of, DannyTN?
He’s just damned lucky he didn’t kill an innocent bystander, or even himself.
Government always decides the rules of the marketplace. Always has and always will. That holds true of insurance and liability suits. They are all government based.
More money than brains.
I knew an arrogant leftwinger who was a heavy doper/ drinker. About 20 minutes after leaving the Harley dealer on a brand new bike he went through a barbwire fence.
Did not lead a healthy lifestyle. Died in his 50s.
In a right sided driver car....how are the brake pedal and the accelerator situated? I never really thought about it...until you made that comment.
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