I'm retired from the insurance industry. I absolutely agree with AC2717, except I go with $2MM. I always thought, if I got sued, they'd say "go for big numbers. He sells insurance, of course he's covered" and in part because the training classes said you can't sell something you wouldn't buy yourself. My father advised me to get 100/300 liability in 1969 when I bought my first car insurance. If that's your limit now aren't you 50-60 years behind inflation? When you're a teen, you've got 50 years in front of you to absorb a loss and go out and make it back. When you're a teen plus 50, that opportunity isn't there anymore and you need the insurance. Sorry if that sounds preachy, but I believe it.
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