Q: If I injure someone in an accident and get sued for more than my insurance coverage can I lose my properties even if my
wife and or childrens names are on the titles
A: If they get a judgment in excess of your policy limits, they can go after your assets. They would most likely not be able to foreclose on your real property due to multiple owners, but they could place a lien on them for when they are sold. A bankruptcy may be of some use to you if it gets that far.
Of course, it is unlikely you will get that far, as most attorneys will stop at the policy limits due to the difficulty of collecting personal assets. I would suggest speaking with your adjuster and/or insurance company's attorney about the probability of an excess judgment.
A: In many States, a homestead property is afforded protections against collections. You should contact an attorney to represent your interests now. The attorney you hire can put some pressure on the insurance company to resolve the case to minimize your exposure. In most cases, the Plaintiff's attorney focuses his or her attention on the insurance coverage rather than chasing down an uncertain collection against the at fault party. Good luck.
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