What a Great New Law!! 2322I'm starting to get the impression that there really is no sensible comparison to be made -- plainly the social and legal and economic context of the insurance is too different...
Hi!
Ad absurdum per aspera
No, it's really 50 million euros (50,000,000.00 EUR), which is even a little more than US$ 60 million these days.
Total one new S-clbutt Mercedes and be in debt.
Consider medical expenses. Let's say I cause a bus to crash into an oncoming truck. Bingo, 15 dead, 45 severly injured, some possibly handicapped for life. In this country, my insurance will have to pay those expenses ... and if I'm underinsured, I'll have to.
That said, I *was* surprised when I looked up the exact amount. I'd only known it was millions; I'd rather have expected it to be 7.5 or maybe 10 million Euros. 50 million does seem high to me too, but hey -- I'm not complaining.
How can they offer it so cheaply? No idea, really. But presumably the really expensive accidents are rare enough to not make as huge an addition to the premium as one might think they would. Besides, I think the legal minimum coverage in Germany is several million Euros anyway. (We used to have optional *unlimited* coverage until a while ago, for a rather small additional premium; that seems to have been discontinued, though I don't know when exactly nor why.)
Yours, Erik. -- "Microsoft are very good at what they do, it just has no connection to writing software." -- Jim Lovejoy, found in a.h.b-o-u.
