Here are some simple steps to get you started:
- 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.
- Review your liability limits on your existing insurance policies (auto, homeowners, motorcycle, boat, etc.).
- 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.