Jump to content
Stosh

Interesting topic came up....

Recommended Posts

I know how an umbrella policy works, it kicks in when my home and auto liability insurance isn't enough.  I live in a no-fault state which means whoever runs into me it isn't their fault.  Thus I have a stupid people insurance policy.

 

Considering I haven't had a traffic citation since 1982 and no fender benders except where a few people ran into me and paid for repairs in full or I had their insurance companies pay for repairs.  I have I once had to make a claim on homeowners for theft of property (stupid people insurance) and I have never had to make a claim on any car insurance policy in 50 years of driving.  So, regardless of the definition of extended liability insurance, I have always viewed it as my stupid people insurance policy.  :)

Share this post


Link to post
Share on other sites

I thought in a no fault state your own insurance covered you?  That would make you . . . .    :D

Share this post


Link to post
Share on other sites

Naw, when the gal that hits you garners up 3 traffic citations and puts one of her passengers in the hospital, her insurance is johnny-on-the-spot with the check book to convince you not to take this to court and make it worse.  Or when they back into the side of your car and it's parked?  Or my best one when I was going slowly through the company parking lot looking for a spot and MY BOSS backs out of a stall into the side of my car.  :)  It didn't tell him I have stupid people insurance.  He just paid for the repairs in full.

Share this post


Link to post
Share on other sites

The being sued is one thing, losing the case is quite another.  If I do what a prudent person would have done, I can't lose.  If I'm negligent, I won't win.  I do have control of the issue, I have no control over being sued.

Well, of course the decision about whether you were sufficiently prudent or not is decided by six or twelve people you don't know, and weren't there (or one such person, if a jury is waived), long after the fact. You could be as prudent as the day is long, or think you were, and still lose if the "trier of fact" disagrees.

Share this post


Link to post
Share on other sites

Stosh, you are not describing "no fault" according to both what I recall (when it was the inevitable wave of the future) and what I find on Google.  The idea was to treat it like workers' comp.  Your get damaged; your insurance pays.  No lawsuits.  No determination of fault.

Share this post


Link to post
Share on other sites

Well my insurance company paid only once when the other motorist had no insurance and had their driver's license pulled.  Otherwise, The other guy's always ponied up the costs of repairs.

 

I am totally clueless with this because for 50 years of driving I've never had to deal with any of it.  That's what I have insurance for.

Share this post


Link to post
Share on other sites

So you had "uninsured motorist" coverage, a standard option in regular fault insurance. 

Share this post


Link to post
Share on other sites

So you had "uninsured motorist" coverage, a standard option in regular fault insurance. 

Yep and it costs $1 and is worth nothing in the long run.  If the insured motorist pays, you get 100% of the repairs paid for.  With uninsured motorist, YOUR insurance company deducts $100. :)  I did get his driver's license revoked and got hm off the streets.  He also had to pay heavy fines for being uninsured.  My wife was pregnant at the time and the police held his license until the baby was born and okay.  He was not a happy camper, but that's the price one pays for being stupid.

Share this post


Link to post
Share on other sites

I'm not talking the little stuff.  I'm talking the fires in Utah set by unsupervised youth members stuff.  I'm talking sexual abuse stuff.

 

Go to google.  Type in Boy Scouts of America liability lawsuit judgment

 

Watch the results roll out :(

 

 

I can tell you from my recent experience, your state's minimum insurance standards also play a role. When you allow folks to drive with a pitiful amount of minimum insurance AND they have fly-by-night insurance company, you know it is OUR insurance (and BSA's) that will pay.

 

Until THAT is fixed, having good personal insurance -- and BSA's secondary insurance -- will be all you have to protect you.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×