Thursday, August 19, 2010

Q&A: How much auto insurance do I need if I own a home and some other assests?


Question by Stacey M: 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.


Best answer:

Answer by lj1
Technically, that is true, but it sounds like they are trying to scare you into buying a more expensive policy. If they are trying to pressure you into spending more, I would look elsewhere.



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Orignal From: Q&A: How much auto insurance do I need if I own a home and some other assests?

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