Reply to Driving in MD becoming unaffordable?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If your car is more than 7 years old or has more than 100K miles, that when it's time to consider dropping the collision and comprehensive coverage. My car might be worth $7,500 now, so I have dropped this coverage because I can afford that loss. I can even afford buying a new car with cash at this point.

[b]What I don't skip is having high liability limits in addition to an umbrella policy.[/b][/quote]

This is smart.  Dumbass PP arguing for minimal liability coverage while insisting you must have enough cash on hand to buy a new car at any time is just asking to lose his assets after an at-fault collision.[/quote]

We carry a good umbrella policy of $3M.   WIth that, it means the insurance company will put their top lawyers on all cases, if needed, as they won't want to pay out.  It protects are much higher assets from a $$$ seeker. 
[/quote]

There's no such thing as top lawyers for insurance defense. [/quote]

Well they will put the best they have to avoid paying out $250/500K+$3M.  But yeah, it's "insurance company level top lawyers".

Versus if you have $100k/300K coverage, they will just pay out and let you be sued for anything above that and save the lawyer fees, if you are actually at fault/in the wrong.

We pay less than $1K for our umbrella policy.  Well worth every penny to protect our assets should something happen[/quote]

This isn't how insurance defense works. [/quote]

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