There is no way anyone has that much insurance as a renter. I tried to insure my coin collection (in a rated safe) on top of my renters insurance and the premium was insane. Best you might get is around $25k.
Also they got sued by all the renters around them for damages.
I have something called liability insurance (Haftpflichtversicherung) and it covers up to 10.000.000 € in damages I could inflict on other peoples property. And it only costs me 75 € a year. Nearly everyone here has such an insurance.
Up to $20 million cover for legal claims involving accidents at the insured property that cause death, bodily injury or damage to someone else’s property.
So yes, but only if it happens at your house. If you do the clothes hanger flood thing at someone else’s house they won’t cover you
I mean… you’re only explaining why insurance is a scam, not why someone would expect coverage.
You’re right in that anyone expecting insurance to cover this doesn’t understand the first thing about insurance, but that’s because insurance is a fucked up garbage industry full of grifters.
They have insurance, they paid out. Now the insurance company sues the idiot that flooded the building to recoop their losses.
Yeah, so can’t be their insurer
There is no way anyone has that much insurance as a renter. I tried to insure my coin collection (in a rated safe) on top of my renters insurance and the premium was insane. Best you might get is around $25k.
Also they got sued by all the renters around them for damages.
See my other comment, but our very affordable home and contents insurance here covers $20 million in public liability
Thats an Australian company, I’m in the US. I wish that option was available here :-/
I have something called liability insurance (Haftpflichtversicherung) and it covers up to 10.000.000 € in damages I could inflict on other peoples property. And it only costs me 75 € a year. Nearly everyone here has such an insurance.
Sounds like a good idea. In Australia we have something like that specifically for cars/driving but it would be cool as a general thing
We do have that as part of our home insurance in Australia
For example with youi you’re covered for $20 million public liability
https://www.youi.com.au/home-insurance/building-and-contents
So yes, but only if it happens at your house. If you do the clothes hanger flood thing at someone else’s house they won’t cover you
No shit, it’d be their home insurance then
We have that too as a separate insurance and this is even mandatory. Your not allowed to have a car without that.
You got me to double check whether I actually have liability insurance (aansprakelijkheidsverzekering in Dutch)
Looks like I’m good 👍
You have to be kidding, right?
No. Just like German, Dutch uses compound words.
“Aansprakelijkheidsverzekering” is two words in a trench coat:
You can further break those down too:
So in a way that word means “to-speakableness-assurance”
Edit: One of the longest (non-medical) words in the dictionary is actually another type of insurance:
“Arbeidsongeschiktheidsverzekering” (Insurance for being unfit to work (i.e. disability insurance), literally “labour-unsuitableness-assurance”)
Cool, we don’t have that here. Mores the pity…
I mean… you’re only explaining why insurance is a scam, not why someone would expect coverage.
You’re right in that anyone expecting insurance to cover this doesn’t understand the first thing about insurance, but that’s because insurance is a fucked up garbage industry full of grifters.