How do you protect assets from auto insurance claims?

Answer 1

Firstly, you need to purchase an adequate amount of liability coverage for your situation. You have a choice of liability limits that you want when purchasing auto insurance. You can also purchase an umbrella or excess liability policy that will give you coverage over an above your auto, home, boat, etc policies and increase limits of all to 1, 2, 5 million dollars, also your choice. These umbrella policies are very inexpensive but require that you carry higher limits of liability on your base policies like your auto and home. Get with a good independent agent in your area that deals with many different insurance companies and they can shop rates and coverages for you based on what you want.