The first coverage on your policy is Liability which pays if you hurt someone else in an accident, and is what we consider the most important coverage you can have on your policy. With liability, you're actually able to pick how much protection you have and a general rule is that you always want to have at least as much coverage as what your assets are worth. A lot of people don’t know that if they caused an accident where the cost of the damages is more than the amount you are covered for, you can be sued for the rest.
Unfortunately, if you get sued because of an accident the courts and lawyers can really wipe you out. They can potentially take any away your entire net worth including any real estate you own, your vehicles, all the money you have in the bank, and even garnish up to 25% of your furture income.
That's why we say liability is the most important part of your policy, because without the right amount of coverage your assets may be left exposed in a lawsuit. If you were to add all of those things up, your home equity, vehicles, life savings, and future income what do you estimated the total value be?