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Old 06-30-2003, 02:21 PM
dk2
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Can I buy a house? Or need to wait ? Please need advice. Help


What is the name of your state? Florida

I was involved in a muti-car accident... I was in the 3rd car, I may be getting sued by 2nd car driver for bodily injury claim (soft-tissue related - solder or neck pain). But 2nd car driver hit harder on 1st car (cost $8000+ on property damage, paid by 2nd car insurance). My hit on 3rd car cost just $400 after the first accident (no hard hit or bump, paid by my insurance). No one was injured and all cars were in good driving condition. We all went home with our own cars. After 4 month later I got a letter from 2nd car's attorney asking my insurance details.

We don't know the claim yet. Most probably soft-tissue related (solder or neck pain). My insurance company, is informing me that they will not settle with the plaintiff since any injuries she sustained is not be my fault.

In this case, this case might end up in trial. If I make a house purchasing after the lawsuit, what would happen if I were buy a house then court decides that the amount she gets is more then my insurance limit of $10,000? Do I need to sell the house? Where can I find more info on this issue?
  #2  
Old 06-30-2003, 02:26 PM
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Join Date: May 2000
Location: Catatonic State
Posts: 75,781

Re: Can I buy a house? Or need to wait ? Please need advice. Help


Quote:
Originally posted by dk2
What is the name of your state? Florida

I was involved in a muti-car accident... I was in the 3rd car, I may be getting sued by 2nd car driver for bodily injury claim (soft-tissue related - solder or neck pain). But 2nd car driver hit harder on 1st car (cost $8000+ on property damage, paid by 2nd car insurance). My hit on 3rd car cost just $400 after the first accident (no hard hit or bump, paid by my insurance). No one was injured and all cars were in good driving condition. We all went home with our own cars. After 4 month later I got a letter from 2nd car's attorney asking my insurance details.

We don't know the claim yet. Most probably soft-tissue related (solder or neck pain). My insurance company, is informing me that they will not settle with the plaintiff since any injuries she sustained is not be my fault.

In this case, this case might end up in trial. If I make a house purchasing after the lawsuit, what would happen if I were buy a house then court decides that the amount she gets is more then my insurance limit of $10,000? Do I need to sell the house? Where can I find more info on this issue?
**A: ask your PI attorney.
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