What’s At Stake After An Accident?
If you were at fault for an auto accident, there might be more at stake than you realize. Even if more than one year has passed, any of the other people affected by the accident could file a lawsuit against you that will significantly change your future. A good lawyer can help you avoid such lawsuits. Call a lawyer — the sooner, the better.
Some estimates show that car accident settlements average over one million dollars in California. If you are driving around with anything less than one million dollars in insurance coverage (most people do) then you are at risk of losing your house, your savings, and your future earnings.
For example, if you caused an accident and the other driver was injured, that driver can sue you for lost wages. If that driver is permanently unable to perform their regular job, you are responsible for paying those wages for up to 20 years.
After taking your savings, a judge can order you to sell you house to liquidate your equity. In addition, a judge can order 25% of your regular salary (pre-tax) to go towards paying down the settlement.
If you caused a car accident, call a lawyer. Even if the other driver claims there are no problems right now, medical problems arise. Don’t leave yourself exposed to a lawsuit. The small expense of legal consultation now could save your thousands of dollars down the line.