inde wrote:never, but they paid for some dumbassery when I was a kid.
This is an insurance I feel everyone should have. It's quite cheap (in Germany less than 100 EUR per year) and protects you from very costly although unlikely situations.
Not saying you are man. Just saying why I accept life's knocks and wrinkles without seeking an insurance policy against them. They call it 'self-insurance', i.e. considering maybe 30% of an insurance policy cost is commission, say 30% admin fees, maybe only 40% is your potential payback. I'd rather not pay 100% to have a call on 40% of it back (which they'll kick and scream about anyway), but instead live so that I can deal with that potential hit when it happens. Why not just take the cost of the policy and put it in a bank savings account each year, and earmark it for 'When I do something really dumb'?inde wrote:dude, I'm not trying to sell something here.
How about exit / escape clauses ?? like .. I destroyed it when I was drunk ?? Oooppsssscarteki wrote:It does exist and is called Personal Liability I haven't seen it marketed at all in Singapore and tends to be a "bundled product" (the reason I know about it is that I've just received a renewal notice for the insurance on my property back home with it bundled in but it is only applicable to local residents!).
The cost in my quote back home is equivalent of $12 for $20k coverage. Never looked into it here. Would it cover you if you destroyed your friends cell phone? Probably not, but in the case of a cycling accident it would.
carteki wrote:It does exist and is called Personal Liability I haven't seen it marketed at all in Singapore and tends to be a "bundled product" (the reason I know about it is that I've just received a renewal notice for the insurance on my property back home with it bundled in but it is only applicable to local residents!).
The cost in my quote back home is equivalent of $12 for $20k coverage. Never looked into it here. Would it cover you if you destroyed your friends cell phone? Probably not, but in the case of a cycling accident it would.
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