perinova
Full time employment: Posting here.
- Joined
- Apr 18, 2006
- Messages
- 563
Website from 'Progressive' mentions:
"Since injuries can cost a lot more than property damage, you'll want your total bodily injury limit (the second number to be higher than your net worth. For example, if your net worth is $90,000, then a good car insurance policy for you might be structured as $50,000/$100,000/$50,000, giving you $100,000 in total bodily injury coverage per accident."
I am sure there is a limit to this equation but the maximum offered is $250k/$500k/$100k, or there is $500k CSL (= Combined Single Limit).
Given the cost of medical care $250k per person is not very high so I am tempted to choose the Combined Single Limit option?
Anything above $500k would have to be taken care of by an Umbrella insurance, which I do not have now.
"Since injuries can cost a lot more than property damage, you'll want your total bodily injury limit (the second number to be higher than your net worth. For example, if your net worth is $90,000, then a good car insurance policy for you might be structured as $50,000/$100,000/$50,000, giving you $100,000 in total bodily injury coverage per accident."
I am sure there is a limit to this equation but the maximum offered is $250k/$500k/$100k, or there is $500k CSL (= Combined Single Limit).
Given the cost of medical care $250k per person is not very high so I am tempted to choose the Combined Single Limit option?
Anything above $500k would have to be taken care of by an Umbrella insurance, which I do not have now.