What is the name of your state? North Carolina
I was in a car accident 3 1/2 years ago - I was turning left, didn't see the car, and he hit me. I was issued a citation for failure to yield (which was dismiised in court w/ proof of ins.).
Then in March, 3 years to the day after the accident, he sues me/ my ins. company. I've been working with the lawyer from the insurance company, and I haven't been too worried up to this point.
Here is the thing - the man in the other car is representing himself. He never submitted any medical bills to my (former) insurance company, according to the lawyer. The case is going to court-ordered mediation, but the lawyer is preparing for trial, b/c as she says, he is asking for A LOT of money- coming for a lawyer, that doesn't sound good to me.
My question is this, IF the case goes to trial, and IF a judgement was issued against me in excess of my insurance (I had 30/60 k at the time - fresh out of college and broke, wish now I had upped the liability coverage, but too late now ) what of my assets are vulnerable? I have a house now, which I didn't have then and bought before I knew of the lawsuit. It is in mine and my husband's name. I don't work (stay-at-home mom). My life is completely different now. Are all the things we've acquired since my accident at risk if he won more money than I was covered for??
TIAWhat is the name of your state?
I was in a car accident 3 1/2 years ago - I was turning left, didn't see the car, and he hit me. I was issued a citation for failure to yield (which was dismiised in court w/ proof of ins.).
Then in March, 3 years to the day after the accident, he sues me/ my ins. company. I've been working with the lawyer from the insurance company, and I haven't been too worried up to this point.
Here is the thing - the man in the other car is representing himself. He never submitted any medical bills to my (former) insurance company, according to the lawyer. The case is going to court-ordered mediation, but the lawyer is preparing for trial, b/c as she says, he is asking for A LOT of money- coming for a lawyer, that doesn't sound good to me.
My question is this, IF the case goes to trial, and IF a judgement was issued against me in excess of my insurance (I had 30/60 k at the time - fresh out of college and broke, wish now I had upped the liability coverage, but too late now ) what of my assets are vulnerable? I have a house now, which I didn't have then and bought before I knew of the lawsuit. It is in mine and my husband's name. I don't work (stay-at-home mom). My life is completely different now. Are all the things we've acquired since my accident at risk if he won more money than I was covered for??
TIAWhat is the name of your state?