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Insurance Coverage
Posted by: Yonkers ()
Date: December 06, 2018 10:27AM

Why do Some people not have insurance? I thought when the government took over Insurance, everyone was required to be insured or be penalized.

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Re: Insurance Coverage
Posted by: what type? ()
Date: December 06, 2018 12:18PM

Yonkers Wrote:
-------------------------------------------------------
> Why do Some people not have insurance? I thought
> when the government took over Insurance, everyone
> was required to be insured or be penalized.

What type of insurance are your referring to? (home, personal property, car, health, life, disability)

Virginia is one of the few states that doesn't mandate insurance for your car, which is a pretty bad idea. That said, minimum coverage mandates are usually insufficient.

Note to the rich folk; by liability policies that match your net worth; no reason to lose your house because your 17-year old kid gets into a car accident.

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Re: Insurance Coverage
Posted by: what type? ()
Date: December 06, 2018 12:26PM

what type? Wrote:
-------------------------------------------------------
> Yonkers Wrote:
> --------------------------------------------------
> -----
> > Why do Some people not have insurance? I
> thought
> > when the government took over Insurance,
> everyone
> > was required to be insured or be penalized.
>
> What type of insurance are your referring to?
> (home, personal property, car, health, life,
> disability)
>
> Virginia is one of the few states that doesn't
> mandate insurance for your car, which is a pretty
> bad idea. That said, minimum coverage mandates are
> usually insufficient.
>
> Note to the rich folk; by liability policies that
> match your net worth; no reason to lose your house
> because your 17-year old kid gets into a car
> accident.

Doh! "buy" liability policies that match your net worth; no reason to lose your house because your 17-year old kid gets into a car accident.

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Re: Insurance Coverage
Posted by: Sue Me ()
Date: December 06, 2018 03:24PM

If you mean "umbrella policies", everybody gets them, not just rich folk. And it's cheap, too. $1 million of coverage runs around $200/yr. Worth it when YOU do something stupid.

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Re: Insurance Coverage
Posted by: Watusay ()
Date: December 06, 2018 06:13PM

Did the government take over auto insurance?

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