SJB
Well-known member
Back to the insurance question a minute. My attorney is a good friend of mine, and has practiced law for about 35 years. he had an interesting take on the liability insurance deal.
He said that it is basically impossible to buy "enough" insurance. He said you should instead buy enough insurance that the insurance company would send its best attorneys to defend you on their dime.
If your insurance company is potentially on the hook for a million, you're going to get the best legal representation they have. His point was that, that free, highly specialized, top shelf legal representation was what you were really paying this premiums for. So in that way, the actual liability coverage isn't necessarily the most important thing.
He said that it is basically impossible to buy "enough" insurance. He said you should instead buy enough insurance that the insurance company would send its best attorneys to defend you on their dime.
If your insurance company is potentially on the hook for a million, you're going to get the best legal representation they have. His point was that, that free, highly specialized, top shelf legal representation was what you were really paying this premiums for. So in that way, the actual liability coverage isn't necessarily the most important thing.