How much auto insurance do I need if I own a home and some other assests?
My auto insurance company told me that if I’m in an accident and I don’t have enough auto insurance I can be sued and possibly lose my home. I never heard of anyone losing their home because of an auto accident. If I have a good driving record, how much insurance do I really need and can I really lose my home if I don’t have enough? and how do you collect from someone who doesn’t have any insurance? It seems stupid to carry uninsured insurance if I can sue someone for damages. A: Yes, you can sue someone. However, unlike you, they might not have any assets. You may not be able to collect from them if they do not have assets. You should have the total of all your assets (including the house) or $100,000, whichever is less, in property damage liability coverage. If the total of all your assets (including the house) is more than $300,000, then you should have $300,000 in bodily injury liability insurance AND have umbrella insurance with limits equal to the total of all your assets (includ
