10/02/2026
Do you know what happens if you cause an accident and your liability limits on your insurance policy are exhausted?
Let’s say you cause an accident and the other person suffers $300,000 in damages.
You only carry $100,000 in liability coverage.
Your insurance doesn’t cover the other $200,000. If you’re legally responsible for damages beyond your policy limits, your personal assets and income could be exposed.
Indiana allows wage garnishment to satisfy certain court judgments, subject to legal limits.
This is why I constantly talk to clients / prospects about higher liability limits and umbrella coverage.
Don’t let what you have worked hard for be exposed because you were trying to save a few dollars.