Legal Question in Insurance Law in Texas
Bodily injury Liability coverage
When determing Bodily Injury Liability coverage is the statement below correct? Does this apply to retirement funds?
Bodily injury Liability coverage protects you when you are legally liable for injury or death caused by your vehicle. This coverage provides essential protection against loss of home, savings and income if you become involved in a serious accident. Remember, carrying lower limits increases your risk of paying out of pocket expenses if injury expenses exceed the limits on this coverage.
1 Answer from Attorneys
Re: Bodily injury Liability coverage
generally the stmt is correct. retirement funds, to the best of my knowledge are protected from levy in case of a personal judgment. however, despite the fact that retirement funds are exempt from personal judgment, all things being equal, the larger the value of all of my assets, the higher the limits of coverage i would wish to have. umbrella or excess liability policy is relatively inexpensive and would be provide adequate protection regardless of the situation. i hope this helps. bill featherston
Related Questions & Answers
-
Who is at fault? I was in a multi car accident and I only have libilaty ins. My... Asked 11/04/04, 10:57 pm in United States Texas Insurance Law
-
Attorney fees for trial I'm suing another driver for outstanding damages to my car... Asked 11/01/04, 11:40 am in United States Texas Insurance Law
-
Fast and legal I am having surgery Nov. 1 I am raising two of my grandchildren. I... Asked 10/28/04, 1:19 pm in United States Texas Insurance Law
-
Auto accident, at fault ...two years ago I was involved in an automobile accident in... Asked 10/25/04, 7:23 pm in United States Texas Insurance Law
-
Filing suit in small claims court I was in an accident. The other driver was driving... Asked 10/20/04, 12:21 pm in United States Texas Insurance Law