Can a peacemaker give up a personal injury claim more amount than what is covered by my auto insurance ?
i met with an accident contained by the parking lot of a shopping center when the car i was parking accidently hit the showroom fanlight. an employee has file a personal injury suit against me. i have insurance coverage of 15k. can the judge forfeit a higher amount and if so what will happen if i cant afford it?
Answers:
Yes, a judge can award more than the liability limits on your policy. If complex limits are awarded the rest of the money comes from you. Judgements will be placed against you and your wages will be garnished until it is compensated off.
Call your agent and see what it would be for higher restrictions. Some people are very surprised to see that it is not that much more for better limits. Source(s): Insurance agent
Yes. You will have to compensate the excess.
Yes. Judges can pretty well do what they want.
Yes, the judge can award more than your insurance. You will hold a judgement placed against you, your wages can be garnished if you refuse to wages. The court will set up a payment plan, you fail to do as the court said, they will find you surrounded by non-compliance, and more court dates will follow. Filing bankruptcy would be your simply salvation, and that needs approval from a court, so I guess you better stay on the gift plan.
Your insurance coverage margins do not dictate what a judge will do. Yes, he CAN grant a sophisticated amount than $15k if he feels that the damages exceed that amount.
If you can't afford anything then don't verbs about it. They can sue you, but if you don't have any assets there's zilch they can do to collect.
In some severe cases, they CAN withhold money from your salaries but that is totally dependent on the skin and the judge.
Good Luck!!
.
YES, it happens everyday. Your insurance company would retribution it's limits and any difference would be paid by you....that's what you agreed to when you preferred your limits. What will happen...your property can be taken from you, your wages garnish, it will go on your credit for an indefinite amount of time.
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Answers:
Yes, a judge can award more than the liability limits on your policy. If complex limits are awarded the rest of the money comes from you. Judgements will be placed against you and your wages will be garnished until it is compensated off.
Call your agent and see what it would be for higher restrictions. Some people are very surprised to see that it is not that much more for better limits. Source(s): Insurance agent
Yes. You will have to compensate the excess.
Yes. Judges can pretty well do what they want.
Yes, the judge can award more than your insurance. You will hold a judgement placed against you, your wages can be garnished if you refuse to wages. The court will set up a payment plan, you fail to do as the court said, they will find you surrounded by non-compliance, and more court dates will follow. Filing bankruptcy would be your simply salvation, and that needs approval from a court, so I guess you better stay on the gift plan.
Your insurance coverage margins do not dictate what a judge will do. Yes, he CAN grant a sophisticated amount than $15k if he feels that the damages exceed that amount.
If you can't afford anything then don't verbs about it. They can sue you, but if you don't have any assets there's zilch they can do to collect.
In some severe cases, they CAN withhold money from your salaries but that is totally dependent on the skin and the judge.
Good Luck!!
.
YES, it happens everyday. Your insurance company would retribution it's limits and any difference would be paid by you....that's what you agreed to when you preferred your limits. What will happen...your property can be taken from you, your wages garnish, it will go on your credit for an indefinite amount of time.
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