this post was submitted on 06 Oct 2025
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The USA has ~23 million millionaire households. So many people could do that.
It seems that one can pay a percentage of the bond amount as an annual fee, avoiding having to put up the fully amount. I have no idea if that is a good idea, and I have no finished reading the link I posted.
When would some want to do this over having normal liability insurance? Maybe if they drove very little.