Originally Posted by RunNgun Could you elaborate? I think they are referring to any potential liability claims, IE you are taking your girlfriend for a ride, run a red light,
|
|
LinkBack | Thread Tools | Display Modes |
09-23-2011, 01:09 PM | #11 (permalink) |
Base Member
Join Date: Sep 2011
Location: La Grange, KY
Posts: 117
Drives: 78 280z, 40th 370z
Rep Power: 13 |
I think they are referring to any potential liability claims, IE you are taking your girlfriend for a ride, run a red light, get t-boned, she gets injured significantly. Most medical on car insurance would be about 25k, but then the girlfriends medical bills would be 200k, which her family could sue your insurance to cover. If you get that liability too low, then when they run out of insurance coverage, your personal assets will be sold to cover the difference. The insurance company won't start paying out of the bodily/property portion without a lawsuit, once the lawsuit is started then you are liable for the judgement whatever it is. If the judgement is 500000, and you only had 50,000 in coverage, then you owe 450,000 out of pocket.
Thats the basic idea of what they are saying I believe. |
Bookmarks |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
New Car Buying 101. Please Read Before Buying Your Nissan 370Z | AK370Z | Nissan 370Z Pricing / Ordering Discussions | 65 | 07-02-2015 11:35 AM |
Issue: High to Max Water Temp and High to Max Fan Speed While Idling After Long Drive | FLZ | Engine & Drivetrain | 4 | 08-06-2011 02:52 PM |
High oil temp and high oil consumption | cramcram | Engine & Drivetrain | 9 | 07-23-2011 01:01 AM |
Thinking of buying, question about high mileage | gizmo8500 | Nissan 370Z Pricing / Ordering Discussions | 6 | 01-17-2011 10:15 AM |
Need ideas for a daily driver, high MPG, real high please and roomy.. | Diversion | Other Vehicles | 24 | 07-26-2009 11:12 AM |