Car accidents can lead to significant financial liabilities, especially if the at-fault party is deemed responsible for damages or injuries.
Suppose a court judgment is issued against an individual for damages resulting from a car accident. In that case, the individual’s assets may be at risk for seizure or garnishment to satisfy the judgment. This is where asset protection strategies become crucial, as they involve legally safeguarding personal assets to minimize exposure to such risks.
If you are at fault in a car accident in Florida, you must contact your insurance provider to report the incident and discuss your coverage options. You should also evaluate your financial exposure and explore…
When an insurance claim is made against you, it typically means that someone believes you are responsible for causing them harm or damage and wants your insurance company to compensate them. Most often, this occurs…
In Florida, all drivers are required to carry auto insurance. The insurance must include personal injury protection (PIP) coverage and property damage liability (PDL) coverage. PIP coverage covers bodily injuries and medical bills, while PDL…
In Florida, the owner of a vehicle can be held liable for a car accident caused by someone else driving their car. However, the liability is limited to $100,000 per person for bodily injury, but…
Many people first become concerned about asset protection after they cause a car accident. In Florida, both the driver and car owner are liable for damages when the driver causes a car accident that injures…
After a car accident, the injured person’s attorney will often request that the at-fault party complete a personal financial affidavit or an affidavit of no other insurance or assets. The liable party can be the…
