Deductibles, liability, and which half of a car policy is protecting against the losses that could actually ruin you.
Most attention goes to the half of the policy covering your own car. The other half faces losses that are not limited by the value of anything you own.
Damage to your own car is capped by what the car is worth. Harm you cause to someone else is not.
Plenee Academy provides financial information and education, not personalized financial advice. Plenee Co. is not a registered investment adviser, broker-dealer, or financial planner. Some of this material is written with AI assistance and may contain mistakes. Check anything you plan to act on. Legal Disclosures & Notices →