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How Much Liability Coverage Should I Purchase?

The amount of insurance liability coverage that is enough varies depending on an individual's specific circumstances and assets. The general rule of thumb is to have enough liability coverage to protect your assets, including your savings, investments, and property.


Typically, a minimum of $100,000 in liability coverage is recommended for individuals who have few assets, while higher coverage limits of $1,000,000 or more may be appropriate for those with significant assets. Some experts recommend having liability coverage equal to the value of your assets, but this may not be necessary for everyone.


It's important to assess your own unique circumstances and consider factors such as your assets, debts, and potential future earnings when determining the appropriate amount of liability coverage. As insurance agents we can also assist in determining the appropriate amount of liability coverage based on an individual's specific needs and circumstances.

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