gerard2006
Member
- Jurisdiction
- New York
Folks - Can anybody comment if this statement below makes sense? The thread was mostly based on coverage amounts i.e. whether one should take 100/300 which most people deem as sufficient or move to 250/500k + potentially umbrella policy.
Remember this: the insurance company is putting up $250/$500k dollars on you. They don't want to lose that money, so they will fight whatever fault or liability on you needed to defend it. However, if you had say $50k limits they might just write a check for $50k and they are done, but that won't stop anyone coming after you for anything beyond that.
If you care, the whole thread is here - Reddit - Dive into anything
Remember this: the insurance company is putting up $250/$500k dollars on you. They don't want to lose that money, so they will fight whatever fault or liability on you needed to defend it. However, if you had say $50k limits they might just write a check for $50k and they are done, but that won't stop anyone coming after you for anything beyond that.
If you care, the whole thread is here - Reddit - Dive into anything