Quote:
Originally Posted by extrashaky
Insurance is not a scam if you take the time to educate yourself on what you're actually buying. Insurance is simply a hedge against risk. When you drive, you risk damage to yourself and your property. By buying an insurance policy, you pay a company to assume part of that risk for you, subject to certain terms that are spelled out in your policy when you sign up for it.
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Just to add to this you are also paying a relatively small amount to avoid having to pay a massive amount if you cause damage to property or injure somebody else.
Your liability limit is probably in the neighborhood of $100K. I don't know many people that could fork that out if they caused an accident.