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<blockquote data-quote="cleonard" data-source="post: 48709" data-attributes="member: 21"><p>First I'm not an insurance guy or a lawyer so noting I'm about to say should in any way be construed as advice. It's just some incoherent ramblings.</p><p></p><p>To decode what Rack is implying you need to think like a shark, um I mean a lawyer. I apologize to sharks for that. Say you have an incident in a vehicle and you are potentially on the hook for big bucks. Before a lawyer will take a contingency case they do some digging. Do you have any assets like a home? What kind of job do you have and how much do you make. You see then can take what you have and they can attach part of your income. If you basically have neither you are pretty much "judgment proof." If you have assets and/or an attachable income stream you start to become a juicy target. </p><p></p><p>I've got a home and a steady job so I'm a worthy to sue target. Therefore I go high on the liability. One thing that I have noticed is that the first minimum part of the liability insurance costs the most and adding more isn't really all that much. </p><p></p><p>Do some shopping around because the rates can vary by a large factor from one insurer to the next.</p><p></p><p>In my 30+ years of driving Rack is 100% correct. Insurance is a ripoff. I've never had a liability claim filed against me that was paid, but I've sure paid a lot for having it.</p></blockquote><p></p>
[QUOTE="cleonard, post: 48709, member: 21"] First I'm not an insurance guy or a lawyer so noting I'm about to say should in any way be construed as advice. It's just some incoherent ramblings. To decode what Rack is implying you need to think like a shark, um I mean a lawyer. I apologize to sharks for that. Say you have an incident in a vehicle and you are potentially on the hook for big bucks. Before a lawyer will take a contingency case they do some digging. Do you have any assets like a home? What kind of job do you have and how much do you make. You see then can take what you have and they can attach part of your income. If you basically have neither you are pretty much "judgment proof." If you have assets and/or an attachable income stream you start to become a juicy target. I've got a home and a steady job so I'm a worthy to sue target. Therefore I go high on the liability. One thing that I have noticed is that the first minimum part of the liability insurance costs the most and adding more isn't really all that much. Do some shopping around because the rates can vary by a large factor from one insurer to the next. In my 30+ years of driving Rack is 100% correct. Insurance is a ripoff. I've never had a liability claim filed against me that was paid, but I've sure paid a lot for having it. [/QUOTE]
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