08/05/2026
Why State-Minimum Auto Insurance May Not Be Enough | Michael Prata
Could one brief distraction put your home, savings, and financial future at risk?
In this week’s BNI featured presentation, Michael Prata of Farmers Insurance explains what auto liability insurance actually covers—and why carrying only the state minimum may leave a dangerous gap.
Using a memorable $805,000 accident scenario, Michael covers:
Bodily injury and property-damage liability
Medical bills, lost wages, and pain and suffering
Uninsured motorist and umbrella coverage
How subrogation can put your assets and income at risk
Why adequate liability limits protect much more than your vehicle
This presentation is for general educational purposes. Insurance policies and requirements vary; consult a licensed insurance professional regarding your specific coverage.
Could one brief distraction put your home, savings, and financial f...