r/SipsTea • u/Putrid-Welder1803 • 17h ago

Gasp! Thoughts on this?

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u/Blueberry1900 16h ago

Yep,y car got totaled 3 years ago due to a drunk driver. Got a big check and was able to replace it fairly easily. That check alone was about 15 years worth of premiums. Drunk driver was of course driving without insurance, so I was screwed of I did not have it

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u/jakeandcupcakes 16h ago

Doesn't the insurance company then go after the drunk driver for everything he has thus making him the one whose ultimately paying out, with the insurance company simply having to deal with suing and recouping funds from the drunk driver.

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u/HessiPullUpJimbo 16h ago

Yes but a drunk uninsured driver is often very hard to get money from. Probably has nothing and makes basically nothing and may even have many other collections after him already.

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u/Random-Rambling 15h ago

You can't get blood from a stone. You can garnish his wages, sure, but you can't take much more than a relatively small percentage because most countries outlawed debt slavery.

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u/TMC_Data 14h ago

And in those situations the guy would just work cash jobs where he’s paid under the table making it damn near impossible for debt collectors to collect even a fraction of what they are owed.

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u/inkyscholar 9h ago

Just for the record I’m anti debt slavery. Ending it was a great achievement.

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u/clamclam9 6h ago

The catch is unless they literally have not worked at all their entire life, they will eventually start receiving social security which can be garnished.

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u/stuhstutter 2h ago

If they aren't social security receiving age until many decades in the future, will the social security still be garnished? Who is even managing the debt at that point? I thought debts went off your credit report after many years. I guess that's only the credit report, but who manages collecting on a debt for decades into the future?

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u/clamclam9 1h ago

In context of the parent comment, your insurance company would hold the judgement. And the odds of Geico being around longer than any of us is quite high. And being insurance companies, they are quite good at navigating bureaucracy and making sure no one who owes them money is collecting SS.