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A comment on Finally, Private Unemployment Insurance. But Will Anyone Buy It?. Parent comment

Re:Finally, Private Unemployment Insurance. But Will Anyone ... by mseebach on Saturday May 28, 2016 @06:57AM (#11791222)
In many (most?) jurisdictions you can post a bond for liability insurance. This is typically used by fleet managers etc, but is also available to HNW individuals.

Essentially you prove to an insurer (by posting a bond) that you can and will pay for any third party damage you cause, and in return they give you a practically free (or cheap, super-high-deductible) policy.

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Re:Finally, Private Unemployment Insurance. But Will Anyone ... by rwmj on Saturday May 28, 2016 @09:06AM (#11791500)
In the UK you can post a bond in lieu of having motor insurance, but it's something like £250,000 so rather out of the range of the ordinary car driver. (It's mainly used for commercial vehicle fleets as you say.)
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