Insurance premiums are calculated by the average cost of liabilities. If I were to create a car that costs a few trillions, would it force all insurances to rise their premiums in case anyone hits me?
Insurance premiums are calculated by the average cost of liabilities. If I were to create a car that costs a few trillions, would it force all insurances to rise their premiums in case anyone hits me?
Usually, there is a limit on the amount of damage that is covered by the mandatory liability insurance (in Germany, at least 1.22 million € for property damage).