Important aspects to keep in mind when considering
insurance include estimated total of final expenses (e.g. medical
bills, burial costs etc.), total living expenses for all surviving
family members, any outstanding loans (e.g.
auto, credit cards), the unpaid balance on one's mortgage, expected costs for your children's education, the estate taxes, and any business maintenance costs.
Tort states operate on the idea that if you're at fault, you should foot the
bill, and that makes it vital that you acquire ample
auto insurance to protect your
family and your finances in the event of a serious
auto accident.