{"id":12,"date":"2020-08-30T04:00:00","date_gmt":"2020-08-30T10:00:00","guid":{"rendered":"https:\/\/www.alltexinsurance.com\/blog\/?p=12"},"modified":"2020-08-30T11:11:26","modified_gmt":"2020-08-30T17:11:26","slug":"how-much-liability-coverage-do-i-need","status":"publish","type":"post","link":"https:\/\/www.alltexinsurance.com\/blog\/how-much-liability-coverage-do-i-need\/","title":{"rendered":"How Much Liability Coverage Do I Need"},"content":{"rendered":"

Every state – except for New Hampshire – requires that motorists carry liability insurance. For those that aren’t in the know, liability auto coverage helps pay for damage that you cause to another person or property. Your auto insurance policy will distinguish between both bodily injury liability – the amount paid to a third party for any medical bills or damages related to an injury – and property damage liability. Keep in mind that when you purchase an auto insurance policy, you will be able to choose how much liability coverage you want with the general rule of thumb of the more, the better. If your maximum bodily injury liability coverage is $100,000, then any amount over that becomes your responsibility to pay.<\/span><\/p>\n

Since liability insurance is designed to protect your finances when you are responsible for an accident, it is imperative to have enough to cover your net worth. Therefore, start by determining your net worth, which includes any property you own, investment accounts, retirement savings, college savings, savings accounts, and more. Once you total those figures, you’ll have a better idea of how much money you are worth on paper, which is what you stand to lose if you are ever sued in an accident. While it can be tempting to choose the minimum required liability coverage because this will be the cheapest option, it may not be the best choice for every individual. Consequently, working with a reputable insurance agency can help ensure that your needs are being met.<\/span><\/p>\n

At All-Tex Insurance in Granbury, TX, our team of auto insurance professionals knows the industry inside and out. As a result, we are the perfect agency to help you find the right policy for your needs. By taking the time to learn about our customers and educate them on the available policies, we help ensure your complete satisfaction. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Every state – except for New Hampshire – requires that motorists carry liability insurance. For those that aren’t in the know, liability auto coverage helps pay for damage that you cause to another person or property. Your auto insurance policy will distinguish between both bodily injury liability – the amount paid to a third party […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[7,6],"class_list":["post-12","post","type-post","status-publish","format-standard","hentry","category-auto-insurance","tag-all-tex-insurance","tag-granbury-tx"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t