Personal Assets

Filed under:Blogroll, Civil Law, Ethics, Lawsuits, Opinions — posted by Tom on May 5, 2007 @ 1:08 pm

A wise personal injury attorney doesnt often go after peoples personal assets. Its pretty rare in fact.

For more typical is the case where the client suffers injuries, and the total value of the case is 100 grand, and the dendant hasĀ  maybe just 25000 in insurance coverage, this defendant however appears to be well off.

People seem to think that people driving cheap cars, or old cars, have lesser insurance, while people driving middle ranged cars will have a much better insurance policy, and the rich folks driving luxury vehicles will have even more insurance.
So does a lawyer want to work to obtain more than the insurance coverage? They dont often want to.Reasoning: its very difficult. Most times its far more expedient to settle with the insurance company. Its over quickly with next to no incurred costs. Going for assets would mean a lengthy trial, wich means more cost and perhaps a poor judgement.

theres also the bad taste personal injury lawyers already leave with people. Why add to that?

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