Nightflier Posted November 23, 2005 Posted November 23, 2005 I am looking for some info on affordable Loss of License Insurance. ::thanks:: Quote
Eric Hunt Posted November 23, 2005 Posted November 23, 2005 Depends on your age and how much you want to insure. As you get older, the premium goes up and the sum insured goes down. At 25 it costs maybe $1000 to insure $200,000. By the time you are over 50, it isn't worth it to pay nearly $3500 annually to perhaps receive $50,000. Invest the money in lotto tickets, you get the same result - one in a squillion chance of collecting, but you get more fun with lotto. Quote
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