Insurance Insurance Insurance

[MMiz]

So today I spent a few hours updating my home, car, and professional liability insurance for two professions (separate policies). In the past five or so years I'd estimate I've paid $6,000 or so, yet have never made a single claim.

It's tempting to drop my HPSO EMS policy and Teacher's Liability Policy (combined $300 a year), but I would just hate to have something "pop up" and regret not paying the bill.

We've had many threads like this, but does anyone actually know someone in EMS or the healthcare profession that has depended on malpractice insurance or a union to keep their job?

 

[Ridryder911]

I understand being insurance poor. Well, I will say I know of a Paramedic that is getting "personally" sued on a response; on top of the medical litigation of the EMS. So no, not in directly but one of my reasons for maintaining malpractice insurance is not so much the pay off; but the costs of attorney(s) fees. Alone in one suit it would not be too unreasonable to have a $35-60,000 attorney fee on a minor case, even if you still one.

It's worth the $200 for me...

R/r 911

 

[mikeylikesit]

don't feel bad i carry it to for the exact reason that rid mentioned. Insurance has some wired way of being needed after you drop it. i have a friend that paid off his car loan and dropped the full coverage for liability, a week later his car got stolen:unsure: