Car Accident Liability Concerns
Summary
Arizona is a fault state for car accidents, meaning the at-fault party is liable for damages. Retirement accounts like 401(k) are generally protected from judgments in personal injury cases. Without an umbrella policy, personal assets may be at risk if the claim exceeds your insurance coverage. Consult with an attorney for personalized advice.Full Conversation
I was in the car accident a year ago? And the person I is still claiming bodily injuries. And they want that my policy amount. But they want to know about my assets as well. My question is, can they go after my * k
Are you currently represented by an attorney for this matter?
In general:
- Arizona is a fault state for car accidents.
- Retirement accounts like *(k) are usually protected from judgments in personal injury cases.
No ,just car insurance
Do you have an umbrella policy that could potentially cover the excess liability?
In Arizona:
- Umbrella policies can provide additional liability coverage.
- Contact your insurance company for more details.
No i do not
In Arizona, without an umbrella policy, your personal assets may be at risk if the claim exceeds your insurance coverage. Consider consulting with an attorney.