Legal Question in Personal Injury in Texas
I was in an auto accident which I was at fault. What is my liabiltiy beyond my insurance coverage?
In Texas, what if any assets are protected in event of a lawsuit?
Asked on 7/31/10, 10:45 am
2 Answers from Attorneys
Roger Merrill
Merrill & Associates
If your insurance policy is insufficient to pay the damages you've caused to the other person(s), then you will have to pay the difference.
Answered on 8/05/10, 11:53 am
Edward Hoffman
Law Offices of Edward A. Hoffman
Your liability is the total amount of the other parties' losses (including property damage. past and future medical bills, lost income, pain & suffering, etc.) minus the amount your insurance pays for. Hopefully your insurer will be able to negotiate a settlement within your policy limits.
Answered on 8/05/10, 5:15 pm
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