[dmurray]

> In the EU every car insurance has to cover minimum 1 million euro in personal liability and 5 million in 3rd party liability.

Source on this? I've always understood you only needed third party insurance, and the EU website [0] seems to back this up.

> it's very hard to imagine how payouts would be anywhere near those sums.

If you kill someone or permanently incapacitate them, you could be on the hook for their lifetime loss of earnings. Here's [1] a family being awarded €650,000 following the death of their mother. Agreed, it's still hard to rack up €20 million and I don't know what the precedent is if you run over a billionaire, but in theory I believe the payout here is uncapped.

[0] https://europa.eu/youreurope/citizens/vehicles/insurance/val...

[1] https://www.personalinjuryireland.ie/news/fatal-car-crash-in...

[gambiting]

>>Source on this? I've always understood you only needed third party insurance, and the EU website [0] seems to back this up.

Sorry, I suppose I worded it incorrectly. The minimums mandated by the EU are 1 million euro for damages to property, and 5 million euro for damages to persons, and actually, having found the document, even that is not entirely correct - it's 1.2 million euro for damages to property, and 1.2 million for damages to persons per victim up to 6.2 million euro per claim

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2016...