THE INSURANCE RACKET. PROTECTING YOURSELF FROM "MINIMUM COVERAGE"

nsurers sell minimum coverage because it’s profitable. Drivers buy it because it’s cheap. But accidents don’t care about “minimums.” Hospitals, garages, and lawyers bill for the real cost — and that gap falls squarely on you and your family.
Minimum Coverage: Leaves big gaps in both hospital and property bills.
High Coverage (100/300/100): Closes most gaps for typical accidents but could still be stretched thin in severe cases.
Minimum + Umbrella: Even with the weakest auto policy, the umbrella effectively wipes out personal exposure — protecting wages, savings, and assets from lawsuits.
👉 This is why many financial planners recommend carrying higher auto limits plus an umbrella policy once you own property, have savings, or otherwise have something to lose.