How much liability coverage do you need in Cincinnati?
Unfortunately there is no universal “rule” that provides the mathematical calculation to determine your exact liability needs for car and home insurance. The reason why this can’t be determined is because it is impossible to predict future claims you may become legally responsible for.
There are some commonsense rules that you should follow to protect your assets. For instance it was reported that Mel Gibson was in an automobile accident. Apparently it was a single car accident, but what if it wasn’t? What if he seriously injured someone and was determined to be his fault? If that is the case a significant amount of his financial assets could be up for grabs if he did not obtain sufficient insurance coverage.
Naturally most people do not have the asset base Mel Gibson possesses, but likely you do have assets to protect. What are some common sense amounts of coverage that you should carry to protect you?
Review the following outline to determine the minimum amount of liability coverage you should carry:
Pathway how much liability coverage is enough? (Only available to policyholders. If you are a client please call 513-662-7000)
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