Woman Reverses her Mercedes on Top of Ferrari 458!

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Today someone put out a balloon and flowers

 

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It looks bad but her insurance should be sufficient if she didnt skimp on coverage and got some decent property damage coverage...

 

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It looks bad but her insurance should be sufficient if she didnt skimp on coverage and got some decent property damage coverage...

Aint no insurance in the world gonna save her especially if she's at fault for hitting a FERRARI....

 

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Aint no insurance in the world gonna save her especially if she's at fault for hitting a FERRARI....

Property damage covers you even when youre at fault..i have 100k of coverage cos thats what i can afford but some people have all the way to 300k just in case they hit something expensive...like that ferrari

 

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Property damage covers you even when youre at fault..i have 100k of coverage cos thats what i can afford but some people have all the way to 300k just in case they hit something expensive...like that ferrari

Who has a 300K car insurance policy?!!?

 

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Who has a 300K car insurance policy?!!?

Im talking about the required coverages...Every state has a legal minimum

Required Auto Insurance Coverages

• Liability Coverage – Pays for bodily injury to another person or property damage you cause due to the negligent operation of a vehicle. It may also pay if the accident was caused by a member of your family living with you or a person using your vehicle with your permission. The coverage may also pay for a legal defense if you’re sued because of the accident. Liability coverage is often split into two separate coverages:
  1. Bodily Injury (BI) – Pays for costs due to injury or death to a pedestrian(s) or person(s) in another car. It may also cover your passengers’ injury costs as long as they aren’t members of your household. Illinois law (625 ILCS 5/7-203) requires BI limits of at least $25,000 per person per accident and $50,000 total per accident.
  2. Property Damage (PD) – Pays for damage to another person’s car or property such as fences, buildings, utility poles, signs, and trees. Illinois law (625 ILCS 5/7-203) requires PD liability limits of at least $20,000 per accident.

Note: You may want to consider buying higher limits because the state minimums may not be enough to fully protect you from lawsuits. Many vehicles today are worth more than $20,000 and medical bills for injuries could easily exceed $25,000 for one person. If you are found negligent in an accident and the damages exceed your insurance limits, you can be sued in court for those amounts not covered by your insurance.

• Uninsured Motorist Bodily Injury Coverage (UM) – Covers you for your bodily injury caused by a hit-and-run driver or an at-fault driver who has no auto liability insurance. Currently, Illinois uninsured motorist bodily injury minimum limits are $25,000 per person and $50,000 per accident. For additional premium, you may buy higher limits to pay for claims that exceed those amounts.
• Underinsured Motorist Bodily Injury Insurance (UIM) – Pays the difference between your UIM limits and the liability limits of the at-fault driver, if lower than your UIM limits. Illinois law (215 ILCS 5/143a-2) requires this type of coverage if you purchase higher limits of uninsured motorist bodily injury coverage (UM).

The law requires a minimum of 25k for everyone now actually but most agents will tell you to up it because many cars on the road easily cost 70-100k ...so thats where you should be ideally in case you total a Range rover or Escalade and you were at fault.

and you can up it all the way to 300k even 500k if youre real paranoid.