Originally Posted by wsheldon50131
$300 dollars covers 20 grand in equipment, and liability for 50 grand for 1 year. Full coverage on my 2006 Jetta only costs me 450 per 6 months. Iowa is one of the cheapest places for insurance.
$50 thousand liability insurance is, in my opinion, not nearly enough. I guess you mean liability that covers injury to others if you are held responsible.
I am no expert on much of anything, however when people go after you it is not for thousands, it is for millions. I believe my libility was for one million, and that would not really be enough, but the cost is so high for more.
On the other hand, the auto insurance is much higher than what I mentioned.
Anyway, always read the fine print on insurance forms. Some coverage is limited, and the wording is such that unless your equipment is in a bullet proof container or stolen by a guy wearing a red baseball cap on Sunday afternoon, you are not covered (Naturally my last comments are tongue in cheek). But there are some interesting limitations on some insurance coverages.