Ive always had 25/50/10 bodily injury/property damage. Is this too low? Comment with your coverage.
Btw im going to buy a bmw m3 which is why this is top of mind.
- Get umbrella insurance... This will solve your too low problem because it will require you to raise it
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- Open Table is 100% right. You need enough coverage to cover your current and future assets (that can be estimated based on your current salary).
If you ever get into a bad accident, the injured party can easily sue you and get a judgement that you may have to pay the rest of your life.
I rear-ended a pregnant woman. She was fine, the baby was born healthy many months after. The demand from her layer was for $110K. (Not sure how much the insurance will be paying out...but imagine if the woman and baby were not fine.)