Here are some simple steps to get you started:

  1. Calculate your net worth. Add the value of all assets (home, autos, cash, stocks and bonds, retirement accounts, etc.) and then subtract the value of all your debts.
  2. Review your liability limits on your existing insurance policies (auto, homeowners, motorcycle, boat, etc.).
  3. Take the smallest liability limit from step 2 and subtract from the number you figured in step 1. The difference is the amount that is unprotected.