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.


Asked on 11/12/04, 4:42 pm

1 Answer from Attorneys

William Featherston Grissom, Richards & Featherston

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

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Answered on 11/15/04, 2:01 pm


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