Financial Asset Worksheet – How Much Coverage Do I Need?

Do you have the coverage you need?

A quick calculation of the following items may help you determine a minimum appropriate limit of liability insurance for your current situation.

Financial Assets

Equity in your home: $______________

Investments: $ ____________________

Savings/Checking Cash on Hand: $ _________________

Future Wages: $____________

Total amount you have at risk = $_____________


Current Insurance Protection

Auto Liability Limits: $________________

Personal Liability Limits (home/renters/condo policy): $_________________


Is There a Gap?

What you need – what you have = $__________________


What’s the Risk?

If  you’re responsible for an accident, you may have to pay for:

  • Vehicle Damage
  • Loss of use
  • Towing
  • Car Rental
  • Damage to Personal Property
  • Damage to Business Property
  • Environmental Cleanup
  • Modification to a home
  • Pain and Suffering
  • Loss of Essential Services (lawn care, housecleaning, ect)
  • Attorney Fees
  • Loss of Wages
  • Medical bills


If you have a gap in coverage, contact us to discuss your options.



Written by: Casey Shipley

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