suability factor

Suability factor signifies the likelihood of a legally liable insured being sued for alleged injuries or damage to a third party.

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This factor is determined, in part, by the size of the insured's savings account and stock portfolio, the extent of the real estate holdings, the family income, their profile in the community, and future income. Individuals with a high suability factor nearly always need a personal umbrella policy with at least a $2 million limit.