Home insurance – does it protect you if you get sued by killing someone in your car?
Lets say you kill the neighbors kid by running him over.
The family decides to sue you for 3 million.
Your car only carries 100,000 in liability.
The family decides to sue you and try to get your house.
home insurance is just 100K if someone gets hurt in your property.
Not sure if that would even apply.
Can they take your house?
Pretend its a million dollar house and its paid off.
My goodness – thank you!!!!!!!
Auto insurance covers you for liability you incur from an Auto accident. homeowners insurance covers you for liability you incur from activities for just about anything you do outside of your car. There is actually an Auto exclusion as part of your Homeowners. It covers you for slip and falls in and around your home, if you drive a golf ball into another golfer, if you run somebody over while skiing, etc. An umbrella policy covers you for everything you might do and pays excess of the limits you carry on your Homeowners and Auto policy. If you are concerned about being sued for so much and having your home taken away or your wages garnished you should increase your limits on your Homeowners, Auto and buy an umbrella policy. I carry $250,000 per person $500,000 per accident for bodily injury and $100,000 for property damage on my Auto. I carry $300,000 combined single limit (both bodily injury and property damage) on my Homeowners. And carry a personal umbrella for $2,000,000 which I’m thinking about increasing to $3,000,000 or $4,000,000.