Imagine this scenario...
You buy a nice new car for lots of $$$$$$, and to protect your investment you take out comprehensive car insurance. It's a lot of money, but you have your dream car and you're safe in the knowledge that you're fully insured.
A few weeks later though you are hit by another driver, someone driving an old bomb with no insurance beyond what's on the rego (perfectly legal). There are no injuries in the collision, but both cars are a complete 'right off'. You also find out the other driver is unemployed and doesn't own their own house - they have no other assets beyond the 'bomb'.
Hmm... what are the outcomes here? Did you take out comprehensive car insurance to insure against others who don't? Do you have to pay the excess for the inconvenience? Would this legally happen in old blightly?
Would this scenario really happen?