A truck that i own and insured for 25/50/50 liability was involved in a wreck. My friend was driving and .....

Question

pulled out in front of someone. He was found guilty for "failure to yield, right of way". The driver of the other car that hit him broke his leg severely, and had a steel rod installed, ...i am sure that it was painful. My question is, can he and his lawyers come after me for more damages money wise if his medical bills and pain and suffering go higher than my coverage? My friend had permission to drive my truck, and the accident happened in Tennesee. What is the threshold? My house is worth $22,000 at best, and i am on social security disability also....Can they take part of my check? I get $812 a month. Thanks in advance.

Answer 1

Can they? Yes, they can sue both you and your friend if there are more costs than what your insurance covers. I don't believe they can take your primary residence or attach welfare or social security checks, so even if it happened I don't think they could take much.

If it does get into court, your insurance company should provide you with representation, so in the event you get the letter, let them know immediately.

Answer 2

Not all insurance companies provide coverage for everyone that drives your vehicle. Hopefully your policy does. Yes, the person can go after property and such if your coverage does not take care of all the bills. SS Disability cannot be garnisheed but a civil suit can still be filed on your property.

Answer 3

Your insurance co will protect you. The atty for the other person will check your assets and from what you are stating, you do not have anything to go after. If your friend owned a car and had insurance on it, his co. may also contribute as excess over your policy limits. If your friend has major assets, they could go after him. Tenn. has a 1 year statue, therefore, you may be sued if this is not settled ASAP, but if you are sued, get the suit to insurance co asap!!! Chances are that this will settle for 25K as that is all the other person can collect for his injuries under your policy.

Answer 4

I believe the $50,000 is the limit that an injured party can collect on your insurance. I could be wrong but, the injured party may be able to collect the other 50 grand if your friend was found at fault. Your insurance premiums may increase but, I think you'll be OK.

Answer 5

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Answer 6

IF NEEDED BY THE OTHER PARTY, THEY CAN EITHER HIRE AN ATTORNEY OR FILE A CIVIL SUIT AGAINST YOU AND YOUR FRIEND AS WELL.

A JUDGMENT CAN BE HANDED DOWN FOR THE GARNISHMENT OF WAGES AND LIENS CAN BE PUT ON ALL PERSONAL PROPERTY AS WELL AND THESE LIENS WILL GO ON FOREVER AS LONG AS THEY ARE UPDATED EVERY 3 TO 5 YEARS AND WILL STAY ON YOUR RECORD UNTIL THEY HAVE BEEN SATISFIED.

Answer 7

your insurance will pay out up to the 50,000. if they are seeking more than that they can sue you and your friend who was driving.