Legal Question in Insurance Law in New York

Question about an auto accident

My question pertaines to an auto accident. If i am sued by the other parties involved in this accident can the house i am purchasing be attached to any judgements that may come out of these case's. My car insurance is under a umbrella policy of 500,000.00 whould that be my only liability? Thank you for your time and attention tto this matter.--name removed--M--name removed--


Asked on 5/06/04, 5:07 pm

1 Answer from Attorneys
Louis Venezia Law Offices of Louis Venezia at Union Square, P.C.

Re: Question about an auto accident

The amount of risk depends upon the injuries, if any, the other people received in the accident. 99.9 percent of the time the insurance coverage is the only thing a plaintiff's lawyer looks for. It is generally wise to have your personal attorney keep an eye on the documents in the lawsuit since the insurance company lawyers are only interested in protecting the insurance company. The Bill of Particulars submitted by the plaintiffs and the medical reports should be reviewed by a lawyer with experience in this field. You may have received a formal letter from your insurance company advising you that you could retain your own personal lawyer if the lawsuit requested a sum of money greater than your insurance coverage. If you require our assistance in this regard, you can arrange for a consultation by calling (212) 267-7000 or visit our website at VeneziaLawFirm.com

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Answered on 5/06/04, 5:23 pm


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