Accepted an offer from PwC. But noticed that PwC requires the automobile insurance about $100,000/300,000 in personal injury and $50,000 in property damage. Do you really purchase that high premium?

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Posting as :
works at
You are currently posting as works at

Honestly that's very low

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Do they even validate this?

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No. You just have to sign off every year that you have it.

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That's not low PWC1, but rather very standard.

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I have 100/300 and 100k property as well. People driving nice ass cars by me, last thing I need is headache from being underinsured.

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As someone who worked in insurance for 6 years before joining PA, this is the correct answer.

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That’s only if you use your personal car for work.

How and why do they require that? I presume when driving on firm business?

Yep, basically if you’re driving somewhere for work or driving a colleague for work purposes and an accident happens, you can be certain someone is gonna go after PwC. PwC has insurance that would cover it (and probably you, at least at EY) but because of how insurance and all that jazz works, they need you to be insured personally.

Your insurance is primary (which is why they want you to have it), but their insurance is secondary.

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Whether one's worked in insurance or not I think we all agree. Keep a reasonable level of coverage but don't be up sold by agents into buying excessive amounts/more than you need.

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Ending this belief in our unerring exceptionalism might actually be the thing that saves us. There’s a lot we can learn from the success of other countries (be in healthcare, education, infrastructure investment), but for a long time we turned a blind eye to it because “we are the best”. Countries like Germany, which don’t endlessly praise their own history, have been liberated from the constraints of the past and have been able to make far healthier societies.

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50 percent of my investment..vanished.

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