Insofar as the medical and wage loss, why are you looking to the tortfeasors third party coverage?
Answer Dear Jillane, I will bet that you insure fully in the future; one is really insuring herself against the other person’s negligence, as opposed to the perspective of most people, who only think they have to protect against their own negligence. Always get the UIM/SUM. As to suing the tortfeasor, how do you know in advance of asking under oath what assets he has? Sometimes the tortfeasor will agree to complete an asset listing under oath in order to avoid a lawsuit, and investments can pop up there. As to exemptions in your state, call the legal assistant of a bankruptcy attorney and ask him. In most states, the entire house is not exempt, just some amount of equity, such as $35,000. That means that if there is substantial equity, one can obtain a court order to sell the house and take all the excess over the exemption amount. This will be the topic of concern for an attorney, and I would urge you to check it out BEFORE you agree to settle the policy limits claim. Same on the car:
