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Posted: 6/29/2015 6:24:23 PM EDT
Car insurance, what limits you guys carry?

I carry 500 K across the board
We had a family member who got into a pretty bad accident some years back with one of our vehicles.
He caused the accident and the property damage went up to $49875.00
We only had a $50K limit back then.
So if you hit a Mercedes worth $200 K and only have $50k you're screwed
Pretty scary thinking you can lose your house over a car accident.
2 things happened after that, we raised our insurance limit to 500 K and we never lent out a vehicle ever again.

Link Posted: 6/29/2015 6:29:26 PM EDT
[Last Edit: 6/29/2015 6:30:09 PM EDT by AKSnowRider]
I had 100/300K liability/comprehensive, 25000 medical and 100/300K for uninsured/underinsured..and it wasn't enough for the big accident I was in..wishing I had 500/1mil 100K med and 500/1mil for under/uninsured... but thats spendy..better idea maybe my original coverage along with a 1 mil.catastrophic policy...
Link Posted: 6/29/2015 6:38:39 PM EDT
250/500/100 with a $2mil umbrella on top of that.
Link Posted: 6/29/2015 6:50:07 PM EDT
State minimum. I live on the edge.
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