How do I choose the right liability insurance limits for my needs?

When choosing liability insurance limits, consider your assets and potential risks. Higher limits protect you in case of a costly lawsuit. Calculate your assets, like savings, home, and car value, to determine how much coverage you might need. Also, think about the types of risks you face, such as driving habits or business activities. It’s important to balance coverage with what you can afford in premiums. Talking with an insurance agent can help you make an informed decision based on your specific needs and situation.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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