if a person is injured in a car accident and there injury is worth $1,500,000 and your insurance?
jlb32176 asked:
policy covers only $100,000 per person, where does the money come from to make up the difference?
Pimples 101
policy covers only $100,000 per person, where does the money come from to make up the difference?
Pimples 101
February 21st, 2009 at 8:48 am
If you are found liable for the injuries of the other person, then you are liable for that amount. If they get a judgment against you for $1.5M, then they can go after your house, your business, your personal property, 401(k), etc. If you don’t have the money or don’t own property, you are considered “judgment proof.” Some people might consider going into bankruptcy after taking such a hit.