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Initio posted:How much liability (auto) insurance should someone buy? I get that it's important and can be supplemented with an umbrella policy, but most web sites I've seen don't give a number or a method to calculate what you need, but instead say something like 'Buy a lot! If you don't have enough you'll get sued for all of your assets'. Get a quote for a few different limits. You will likely find that there is not a huge difference between really low limits (like 15/30), more reasonable limits (50/100) and higher ones (100/300, 250/500). I go for 250/500 myself because I work in the medical field, and in this day and age settlements for even relatively minor problems frequently exceed $30,000 and often $100,000 x multiple people. Many people out there are trying to cash in on their pre-existing chronic injuries/pain. I think 250/500 will cover most people in most situations but it could depend on where you live and how much these things cost.
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Sep 10, 2012 22:21
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| # ¿ May 4, 2024 08:15 |
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