Sorry to hear that, this sucks. I can’t speak to the PRK’s insurance requirements, but in Florida, which is a no-fault state, the number of uninsured drivers is nothing short of unreal. But - even with no-fault, if the other driver is uninsured, you’ll still get boned, much like you are now. That’s why I always carried the highest deductible collision I could get on my cars unless their value was negligible.
Bummer. -D > On May 8, 2024, at 5:01 PM, David Bruckmann via Mercedes > <mercedes@okiebenz.com> wrote: > > I have no collision coverage on any of my six (now five, alas) cars, under > the logic that I would never cause an accident and that the other party > would be insured -- because that's the law. If I did happen to cause an > accident, my liability coverage would handle the other party's claim, and > my punishment would be no relief from whatever damages my side sustained. > > Alas, I did not take into account that, unlike my native Toronto, here in > the US it's not uncommon to have uninsured drivers. Which, given how > litigious people are here, seems crazy. > > Absent collision coverage, I'm limited to the paltry Uninsured Driver > coverage, which makes no attempt to represent the vehicle's value. > > D. > > > Dan Penoff wrote: > > Ouch. As we say in my family, ?Hindsight is always 50-50,? this is a > perfect example of why having a stated value policy is worth it, even on a > $1500 car. > > I?ve never (knowingly) had a policy that had a limit on property damage, at > least not one that low. Wouldn?t this be covered under your uninsured > motorist part of the policy? > > -D > >> On May 8, 2024, at 3:33?PM, David Bruckmann via Mercedes < > mercedes@okiebenz.com> wrote: >> >> Indeed, the fact that the other party is not insured makes this >> particularly bad. While I'm "covered" for that situation, my insurance >> company's limit is $3500 in property damage. So essentially a useless >> amount that won't even cover the fenders, never mind the rest of the sheet >> metal and paint. >> >> On the bright side, I only paid $1200 for the car. On the dark side, I've >> spent a fortune on replacing the interior, seat pads, engine mounts, >> radiator, yadda yadda. In fact, last weekend I replaced the brake > calipers, >> lines, and pads. >> >> D. >> > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
