I currently have 250/500 and a 1 million Umbrella. I feel like that is enough for the vast majority of potential claims against me. On the other side of the coin, I think my coverage is a decent amount of compensation to a victim if I cause them severe harm. I have little respect for people that under insure when they have the means to adequately protect themselves and their potential victims.
I agree with the above, that not many settlements/verdicts go over the policy limits. Most people with the state minimum don't have anything extra to go after.
I agree with the above, that not many settlements/verdicts go over the policy limits. Most people with the state minimum don't have anything extra to go after.