Andrew's thread reminded me of an insurance issue I've been pondering for some time now, liability limits. In Texas, you must have at least $30,000 in liability coverage for each injured person, up to a total of $60,000 per accident, and $25,000 for property damage per accident. This basic coverage is called 30/60/25. I've carried 100/300/50 for decades, seems like that's not enough these days. I asked my Farmers agent about it, he said you're fine where you're at. With cars and trucks commonly exceeding $100,000 these days it seems like more would be better? Any thoughts on limits?
I would bump up the coverage, especially as you pointed out the PD 50k limit. One new high end car or truck, or two more reasonably priced vehicles and you have likely exceeded that amount. Hell a new Silverado now a days can easily get to well over 70K.
