Quote:
Originally Posted by Rainger99
I just got my insurance renewals. I wasn't too concerned because I haven't had any claims and I have small car and small home. Thought it might be a little above inflation rate.
Auto is going up 26% and home is going up 67%!
I am looking elsewhere for insurance. The first company I called for auto told me that I had a bargain. He told me that he could beat my price if I reduced my liability coverage from $250,000 to $25,000. He said that the average bodily injury claim in Florida is only about $15,000 so I was over-insured.
I am still looking!
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There are certain assets that are protected by Florida law and judgement proof. All others can be garnished. If the licensed agent you are working with can not give you that information, RUN!
Huge % of liability claims in the US are in Florida. Auto, home and all personal liability should be based on your exposure.