Re: Market Failures, Monocultures, and Dead Kids (Oh My!)
"Timothy C. May" <tcmay@got.net> writes:
At 5:48 PM -0600 3/17/97, Igor Chudov @ home wrote:
do you also oppose mandatory liability insurance?
Yes.
In New York State, every motorist is supposed to have $10K insurance as well as a licence. Of course, a lot of drivers in New York City have no licences or expired/suspended licences, and no insurance. If you're injured by an uninsured driver, or someone who fled, or someone with no assets and a $10K insurance and $500K claim, then your only hope to recover something is to carry "underinsurance insurance" with your own insurer. I understand that it's even messier in New Jersey. It would be much healthier if instead of trying to file a claim against the other party's insuerer (if it exists :-) you always filed a claim against your own insuerer and let them figure out who to sue. The system doesn't work.
(By the way, Igor, could you make a greater effort to snip out sections of posts you are not directly commenting upon?)
Learn to ignore what you're not interested in, Timmy. --- Dr.Dimitri Vulis KOTM Brighton Beach Boardwalk BBS, Forest Hills, N.Y.: +1-718-261-2013, 14.4Kbps
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