Why Uninsured Motorist Coverage is Crucial

more+
less-

The reason why no insurance or no assets is a fatal flaw is because as the old idiom states “it is impossible to squeeze blood out of a turnip”, meaning that you can’t get money from someone who has no money. In most cases the “turnip” causing your injuries will merely file bankruptcy even if you obtain a million dollar judgment from a jury. After the bankruptcy case concludes, 9 times out of 10 the judgment that the jury gave you is not even worth the paper upon which it is written.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Christopher Russell, Russell & Lazarus | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×