Have you ever heard of Dave Ramsey? Dave is THE man when it comes to managing your finances. He leads thousands of people to financial success! As a young professional, I am a huge fan of Dave’s work. He offers simple advice that I can apply in my day-to-day life. I recently came across an article published by Dave Ramsey’s team that explained, you guessed it, insurance. Whether you drive a 20-year-old vehicle or something fresh-off-the-lot, understanding your coverage plays an enormous role in protecting your financial future. The Dave Ramsey article zoned-in on the concept of liability limits.
25/50/25 | 100/300/100 | 250/500/250
What do these numbers ACTUALLY mean???
When looking at your auto insurance policy, you may see something like $100,000/$300,000/$100,000 or 100/300/100 for your liability coverage.
Here is how your liability car insurance coverage would break down:
- $100,000 of coverage for bodily injury (per person)
- $300,000 of coverage for bodily injury (per accident)
- $100,000 of coverage for property damage (per accident)
Blake Robbins loves making insurance easy! In less than ONE MINUTE, Blake creates clarity on your liability limits! Watch this video for more information!
Liability limits don’t cover you or your car. However, high liability limits do protect your wallet. If you are found at fault in an accident, liability insurance covers the medical expenses and auto-repair costs of the other party.
“So how much liability insurance should you have? That can be answered in two words—a lot!” – Dave Ramsey, CEO of Financial Peace University & author of The Total Money Makeover
Take it from Dave, the financial expert, and protect your family’s financial security with high liability limits. For more information, contact the RIG team today!