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Calculating Personal Liability Coverage
Old 04-30-2015, 06:36 AM   #1
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Calculating Personal Liability Coverage

In glancing over the liability coverage thread posted a few days ago it looks like for the most part folks carry 1 ,2 or 3 million in coverage. Just curious how one calculates how much coverage to carry.

I used to carry it but dropped it as I didn't see the value of it. I view most insurance like paying the Mafia protection money.

If I carry $10 million in liability and lose a $20 million dollar judgement, what good was my coverage. Is it really just a false sense security that makes one sleep better at night ?

Educate me and what am I missing ?

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Old 04-30-2015, 06:47 AM   #2
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There's some discussion of it here: How much liability insurance do you carry?

I think the post by Del Q is informative (see page 2) regarding judgements over liability limits.
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