Can I Lose My House Due To At-Fault Car Accident?
08-21-23
If you’ve been in a car accident, you’re probably shocked, hurting, and facing serious medical bills and car repair costs. If you’re the at-fault driver in a car accident, you could be on the hook for the other driver’s injuries and damages as well. In some cases, a settlement could garnish your wages, and even your assets and home, to pay the victim’s damages.
Of course, it’s almost impossible to predict a legal outcome until all the facts are established in the case. Until then, the answer to whether you’ll lose your house in a car accident claim is it depends. Even your liability is up in the air until it’s determined by insurance or the court.
Other factors influencing your case’s outcome include
- Whether the at-fault driver carries insurance
- The coverage levels of that insurance policy
- The severity and longevity of the victims’ injuries
- The total cost of the victims’ recovery
- Associated costs with their recovery, including loss of earning potential and others
- Other liable parties to the crash
- Other contributing factors to the crash