07/01/2026
I was sitting in a networking meeting earlier this week and there were a couple of lawyers in the room. We were talking about some of the struggles of owning a business, and some points of celebration.
One of the attorneys brought up a case they were working on in the West Michigan area. They said their client was taken to court because they were at-fault in an auto accident that resulted in injuries to the passengers in the other vehicle.
The lawyer said his client was frustrated and nervous because he was always under the impression that you could not be sued for more than the liability that you choose to carry on your auto insurance. The client claims he had always been told that by his insurance agent.
The truth is, you can be sued for up to the value of your income and assets. That's equity in your home, retirement accounts, bank accounts, and projected future income.
This client is getting sued for $500,000 and and has $50,000 of liability on his auto policy. This could leave $450,000 that the insurance company wouldn't cover. His wages could be garnished and he could lose all of his savings just because his agent didn't educate him and do what's right for the client.
Please work with an agent who is knowledgeable and who is willing to take the time to educate you and encourage you to make the right decisions on your insurance.
I'd love to help walk you through your current policies and give you a quote for the right coverages so you can avoid a being in the same situation as the story above. It happens all the time, and it's easily avoidable.
It only takes a few minutes to really discover what coverages you truly need, and we can probably save you money at the same time.
