1. 16495 POINTS
    David OsgoodPRO
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    Insurance is as unique as the individual purchasing it. Enough auto insurance is the amount that is necessary to provide complete coverage for all claims after you are involved in an accident. That amount could be as little as the state minimums all the way past 500/1000 coverage. Contact a local agent to discuss your coverage needs and pricing.
    Answered on September 25, 2013
  2. 14231 POINTS
    Tom SheehanPRO
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    A client who had just purchased a $3 million Personal Umbrella Policy then asked me if $3 million was enough.  The answer was, "Yes, unless you get sued for $5 million".  I am making an assumption that the questionner is askling about Liability Protection in an auto policy.  The fact is that most States set a minimum requirement in order to meet their compliance standards for registering a car.  In many cases, the minimum is far below the amount necessary to protect enough if sued as a result of an accident, but it may be plenty  for individual cases.  The asnwer to the question honestly lies in the answer to this question: "What is my Financial risk?"  Let's consider 2 examples. A young person with a part time job and whose property ownership is limited to his older car probably has enough liability protection by having a state's minimum to cover his personal financial risk.  His is minimal compared to a professional who owns a business and a home and has investments and money in the bank.  This person's financial risk is much greater and therefore he or she should be considering higher limits of liability protection.  So, hoiw much is enough?  The answer is enough to reasonably protect your financial exposure.
    Answered on September 25, 2013
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