Car Insurance Liability Coverage - Do you Have Enough?
If you're a car owner, I'd like you to take a look at your liability coverage on your insurance policy. Is it only a paltry $500K, or is it $1 million or hopefully higher? A lot of car owners just blindly keep renewing their policies year after year without considering how much actual liability coverage they have. In my opinion, $1 million is no longer enough and you should really be taking it up to $2 million, which will cost you around $20 per year more than the $1 million level. This is even more important if you occasionally drive into the USA, since our dollar has fallen to about the 80 cent level.
I'm a software developer, NOT a financial advisor. These are just my own opinions/rants/musings on certain financial topics and should not be taken in any way as actual financial advice.
I can be reached at jim dot somerville at gmail dot com.