I get where you’re coming from, but honestly, umbrella insurance might be a bit much if you’re just rocking that old Corolla and don’t have major assets. Like, unless you’ve got a secret yacht collection nobody knows about, the minimum coverage probably covers most situations. I mean, if you do hit a Bentley or something, sure, it could get messy... but they can’t take what you don’t have. Sometimes I think the insurance companies are just really good at making us all paranoid.
I get what you’re saying, but honestly, Florida’s minimums are super low compared to other states. I’ve had a couple fender benders (not proud of it), and even with no fancy car or big assets, the bills can add up fast—especially if someone gets hurt. They can still come after your wages or put a lien on stuff if the damages go way over your coverage. It’s not just about what you own right now, it’s about what you might earn down the line. Just something to think about...
Yeah, that’s a really good point. I keep hearing people say “just get the minimum,” but then I read stuff like
and it freaks me out a bit. Even if you don’t have much now, what if something big happens? I’m starting to wonder if the small savings are really worth the risk, especially since accidents can get expensive in a hurry. Anyone else feel like the minimum just isn’t enough peace of mind?“They can still come after your wages or put a lien on stuff if the damages go way over your coverage.”
“They can still come after your wages or put a lien on stuff if the damages go way over your coverage.”
That’s definitely true, and it’s something a lot of people don’t realize until it’s too late. The minimums in Florida are pretty low compared to what an accident can actually cost. I get wanting to save money, but if you’re ever at fault in a serious crash, those savings might not mean much. Have you looked into how much more it would actually cost to bump up your liability limits? Sometimes it’s surprisingly affordable for a lot more protection.
“if the damages go way over your coverage.”
That’s what really got me to up my limits. Years ago, a friend totaled someone’s car and the bills were double what her insurance covered. She’s still paying off the difference. The extra $10 a month is worth avoiding that nightmare.