Where can I go to research reasons why and how much liability insurance to buy on my home and auto?
Question:
Answer:
I'm not sure I completely understand your question, but I will say this..
The best place to research reason why & how much liability insurance you should have is YOU. Are you married with kids? Do you have assets? What's your salary like?
Generally, the higher your salary and the amount of assets you have determines how much liability insurance one buys.
Look at it like this...if you kill someone in an auto accident, do you want someone taking your home & garnishing your wages?
The smart thing to do is carry a PUP policy (personal umbrella) and those limits START at 1 million. And they're cheap too.
Call or write to the Bureau of Insurance at your States Capitol.
You purchase liability insurance to protect your assets. A good insurance agent can help you with figuring out how much to purchase. If you don't have much, you don't need high limits of liability. If you have a lot of assets, you need a lot of insurance, and possibly an umbrella policy to increase your coverages, too.
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