by Guest » Wed Mar 05, 2008 02:03 am
Dear all, nice to have found this forum.
I have a serious question that I need your advise.
I was involved in a car accident recently and there were severe damage on my car and the other driver's car, the other driver also reported severe personal injury to both my insurance company and their own insurance company. I am thinking at I may be at-fault, but need to wait for adjuster's final investigation.
I have full insurance coverage, my liability coverage for personal injury is 30000 per person and 60000 per accident and my liability coverage for car damage is 25000.
But the other driver hired a lawyer saying that my liability coverage for both personal injury and car damage will not be enough, I think they are planning to sue me and ask for a lot of money, I am worried if they could get a money judgment against me and execute against my property, I have bank accounts, salaries, and a house under my name and my title, will they be able to get additional money from me by execute against my bank accounts, salaries, my house?
Thank you.
I have a serious question that I need your advise.
I was involved in a car accident recently and there were severe damage on my car and the other driver's car, the other driver also reported severe personal injury to both my insurance company and their own insurance company. I am thinking at I may be at-fault, but need to wait for adjuster's final investigation.
I have full insurance coverage, my liability coverage for personal injury is 30000 per person and 60000 per accident and my liability coverage for car damage is 25000.
But the other driver hired a lawyer saying that my liability coverage for both personal injury and car damage will not be enough, I think they are planning to sue me and ask for a lot of money, I am worried if they could get a money judgment against me and execute against my property, I have bank accounts, salaries, and a house under my name and my title, will they be able to get additional money from me by execute against my bank accounts, salaries, my house?
Thank you.
Posted: Fri May 29, 2009 12:16 am Post Subject: Lets be realistic
Linda,
You probably don't earn MUCH money...You probably shop for "cheap insurance." When your agent suggested having more coverage, you probably didn't want to pay the money. By the way - YOU CHOSE THAT COVERAGE!!! I hope you lose it all b/c you chose to save $5 a month to have less coverage & now it came back. Hahahahahah :)
Posted: Thu Nov 05, 2009 11:53 am Post Subject:
Hi CIC..it's not always that we'd be glad to have less coverage. Many of us are pretty much aware of the unforeseen risks and the consequences. Still, quite a few of us won't find it easy to get the right coverage due to the rising costs. Hope, we'd be able to get out of the shackles of the economic downturn sooner than we expect.
Posted: Sat Mar 27, 2010 11:44 pm Post Subject: jogger ran into my car
she has hired a lawyer and is sueing me. how do i protect my assets if allstate does not cover the entire award if it goes to court.
Add your comment