Talk of The Villages Florida - View Single Post - Car insurance rates just had their biggest annual jump in 47 years.
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Old 09-18-2023, 01:20 PM
retiredguy123 retiredguy123 is online now
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Quote:
Originally Posted by Cybersprings View Post
From what I have heard (I know what that is worth), even the $1million does not cover what you could end up being sued for after a bad accident. But it does get you much better lawyers from the insurance company for the case because it is now at an amount that catches their attention. I am not offering that as fact, just a thought.
That is my understanding also. People who only have $10K liability coverage may just get a check from the insurance company and be told that they are on their own.