What liability coverage amounts do you convey on your insurance and why?

Answers: Depends on your net worth. If you achieve into an acciden and it's your fault, you want to have ample liabilty insurance to protect your assets.

If you're net worth is $25K, there is no plea to carry $300K liability insurance. If it's $1,000,000, then you may want to transport the most you can afford, plus an extra umbrella policy to cover any amount over the maximum of your liability insurance.
100k/300k, because i can afford it and i dont be aware of like screwing associates i might inadvertently harm
I'm underinsured, I feel, because I can't have a word my husband into raising our limits. The actual amount is irrelevant, as it is a vastly case by case principle.
Liability insurance is insurance that pays someone damages for actions you do that harms them.
For example, you drive your car through a stop sign and seriously injure someone.

That creature can and will sue you for damages, if they are young and can never work again , and are paralyzed and need constant watchfulness. the judgement could be MILLIONS, and it doesn't matter if you have the money or not, you owe it and YOUR LIFE IS RUINED AS WELL AS THEIRS.

My vehicle insurance is 3rd party liability 2 million
my house insurance has 3rd deputation liability of 2 million

When the other answers talk about 300,000 coverage, check out greater amounts, the cost is not a lot more.
I carry 300/300/100 on my auto w a 1 million dollar umbrella policy.

Contrary to what SWH states it is NOT all roughly speaking your net worth. If you ruin someone's life through injury cause by your negligence a judge may order you to pay packet for the rest of your life (if necessary) to make pious on what you did.

Future wages, inheritances, lottery winnings, whatever are all balanced game. Folks often buy minimum liability because they don't own much money, or are trying to save money....bad judgment, when you might pay only abput a dollar or two per month to double the state minimum liability for your state. Source(s): Insurance professional 20 years

Related Questions:
I'm going to rent out my apartment surrounded by Spain... do I call for personal liability insurance?   Where can i find liability insurance for a tent?   Where can I find information on have liability insurance for an in-office workout room?   Public Liability Insurance?   Question give or take a few Judo or Jiu Jitsu & liability insurance?