I live in Texas and I have the following auto insurance with GEICO. I seen so many accident lawyer ads ready to sue you. I am curious to know if other people have different insurances policies or having an umbrella policy to protect themselves from an accident where someone would come after you to take your assets and sue you.
The following is what I have from GEICO auto insurance:
Liability (Pays Others – if you’re at fault)
-Bodily Injury Liability – $100,000 / $300,000
-Property Damage Liability – $50,000
Personal Coverage (Pays You)
-Medical Payments – Not Carried
-Personal Injury Protection (PIP) – Not Carried
-Uninsured Motorist Bodily Injury – $100,000 / $300,000
-Claim Forgiveness – Not Carried
Vehicle
-Uninsured Motorist Property Damage – $50,000 / $250 Deductible
-Comprehensive (Other Than Collision) – $500 Deductible
-Collision – Not Carried
-Emergency Road Service – Not Carried
-Rental Reimbursement – $50/day, $1,500 max
Accident liability insurance for auto accident sue
byu/Sad-Diamond501 inInsurance
Posted by Sad-Diamond501
1 Comment
I would increase your Property Damage Liability to $100K. Even $50K can be too low and the difference in premium may only be about $1/month. Definitely worth it.
I would also recommend carrying Med Pay or PIP to protect you & your passengers.