There are also state laws to consider, such as:
* Can your wages be garnished by lawsuits in your state if there is an award that's greater than your assets and insured liability coverage?
* Can your homesteaded residence, retirement plans, insurance and pensions be seized by judgments against you in your home state?
If "yes" to either of these you probably want considerably more liability than your assets would cover.
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)