If you have additional insurance above and beyond the policy you posted, you're misrepresenting what you pay to insure your vehicle(s). I'm not sure what's so hard to grasp about that.

It's no different from saying "I have a $35k car that does a 10.2 1/4 mile" without mentioning that you've put $25k of mods into it (don't know the exact numbers, just making a point).

 

Let me fill you in on a little 101. People who sue, will generally sue for more than your policy is worth no matter what the dollar amount is or at least go for your max policy(hint-hint). If they want more they will have to tie it up in court and it will take over 4 years Insurance companies always try to settle out of court and will generally settle for max policy amount or if things go well less. I can't tell you whats right for you or someone else and have no reason to justify my sitiation. I simply stated you could insure a Gallardo for less than 200 a month. Someone said I was fos, I proved it wrong. You had some idiotic comment, go bother someone else. If you still think I'm "plain stupid", I have been sued twice and would love more than anything to share the entire process on both occassions. They lost both times LOL.... But hey, I'm the dumb one.

 

You're putting words in my mouth.


Regardless, I understand what you're saying, even if it's not necessarily the best advice to give someone. Based on your financial situation, I'm going to assume you can afford to retain a good lawyer who can deal with insurance company lawyers. Not everyone has that luxury; most people rely on their insurance to save their rear end if they get sued.

This is getting way off topic. Anyway, props for backing up your statements.

 

Seriously PWND!
Hats off to you. Haters everywhere you go. I think you need to take a hatecation and get away from it all. Most-Wanted FTW!

 

He didn't say "you are stupid", he said:

Which describes your actions and not you yourself. It's a subtle difference, notice the use of "that's" in place of "you". If WSB had called 'you' stupid, I'd be having an offline conversation with him right now. But that's not the case here. In fact, I think he expressed it just as I would have had I been in on this conversation. Hope that clears it up. Carry on.

 

Back on topic,

I hear some insurance companies won't even insure salvage titled/wrecked exotics. This is another important factor when considering buying something like this...

 

If you have an umbrella policy because you own real estate or whatever, sometimes they have exclusions built in that require you to have a certain amount of auto insurance. If your building falls down and squashes someone, they can refuse to pay out of the umbrella policy because you are in violation of the terms even though it had nothing to do with the reason for the payment. It is like if you put on your life insurance that you don't smoke, and you get hit by a car, they can refuse to pay if they find out that you did smoke. Insurance companies are ****s like that.

Just as an FYI for everyone who may be thinking about following MW's method