Should I opt for extra liability insurance coverage?

[Dave S.]

Looking to understand what others have done in the past and why? Am i just over paying for something that i never will use?

[Michael Norris]

(I'm an insurance agent) The secret sauce of having higher liability limits on your policy (landlord, home, and autos) is that it forces the insurance company to fight harder on your behalf. If you had some sort of large liability claim against you - once your company accepts fault it becomes a business decision for the claims dept . Simple numbers - You get sued for $150,000 in damages but only have $100,000 in coverage. It's no brainer for the company to go ahead and pay out the max on your policy ($100,000) avoiding the extra cost of defense. That leaves you holding the bag for the remaining $50,000 in damages. With high limits the insurance company has a stronger incentive to fight harder on your behalf.