WTTCS
freedom , U.S.A.
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Joined: 07/28/2003
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LOL then you best be there the day they hit and get the cash to be perfectly safe.
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cm
Dillon, CO USA
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Joined: 08/01/2002
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Some additional thoughts.
It may not be the state that you claim as your domicile but the state in which the accident occurred. In a serious accident you may be facing a civil lawsuit. Especially if there involves permanent injuries or disability to the other party. From my experience, in Colorado, the amount of your insurance is not presented as evidence in court. Your insurance carrier may have paid the full amount of the coverage as a settlement. But that has no effect on what is presented to the jury. The amount already paid will probably not be presented to the jury.
The jury is asked to make their judgment based on the the facts of who was at fault and the amount of economic loss. I am using the term economic loss broadly. Economic loss can include medical bills, rehab expenses, loss of earnings - both current and future - and placing a value on pain and suffering.
The jury may also be required to determine if there was any fault on both parties. They may decide that if both parties have some fault then a comparative negligence split is determined. But this comes after the total loss judgment is determined.
The same may hold true if it is a large property loss. You are at fault and destroy a $150,000 semi truck and you have $50,000 of PD liability coverage.
As mentioned before, the good part is that increasing your level of coverage is is often not that much more money. Most of the time the claims are small and are covered by lower amounts of coverage. So the highest rate is based on the initial coverage. An example might be that if the base liability coverage costs $200 to double your coverage may only be $20 more. This is something that you should always check. How much is the additional cost to increase the amount of liability coverage.
Unfortunately most of the posts about insurance mention two items. Who is your insurance carrier and how much is the total premium. Few mention the amount of their coverages.
And since insurance is state regulated the coverages and rates from someone in another state may not mean that much to your situation. Also the multitude of underwriting standards. An example would be the rates for a large metropolitan area vs a small town rate 50 miles away.
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WTTCS
freedom , U.S.A.
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Joined: 07/28/2003
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cm, if you sue me in Colo, and I am a Texas resident, you can get a judgement, but you cannot garnish wages etc in Texas. That is why it is so important to make sure you know the laws of your DOMICILE state.
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was_butnotnow
Fulltime: Emery, SD
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Joined: 05/28/2003
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I as a fulltimer, now have National Interstate Ins. for my 5er. Since we are getting a new 5er I went to the Progressive web site as they now do my truck, looking for 5er ins. and found it looks like they only do MH Ins. not trailers.
If this is not correct please let me know...
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Pitapony
Out There Somewhere
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Progressive does fivers 'cause that's who I'm going with after hearing good reports of their responses from people on this website. I've had Nationwide for the last 30+ years for my vehicles and house but they are relatively new to the RV insurance area so I'm changing truck and trailer.
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AntiqFreq
Sunny South Florida USA
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Joined: 03/20/2003
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I had Progressive previously for my fiver but changed to RV Explorer in California after the Progressive rates jumped. It went down about 15% for us.
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wandering mike
Texas Gulf coast
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Joined: 01/23/2005
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WTTCS. My understanding of the law is that if you are subject to a judgment in Colorado, the holder of that judgment can usually get the judgment certified in TX. That is part of the requirement of the various States under the US constitution to respect honoring the actions of other States. Once certified in Texas (or another state), the judgment is then usually equivalent to a local decision and is subject to garnishment or whatever as though it were a local judgment. To avoid the same you would have to show the local court that the procedure violated some basic due process right. It is even possible to certify judgments across country borders as well in most cases. The key then is that you have enough assets to protect for damage you cause. Insurance is one of those assets. There reaches a point however where the issue is if it is worth it for the lawyer to chase the other assets in addition to the insurance proceeds. The more insurance, the less likely it is for the lawyer to want or need to go after your other assets.
The discussion about vehicle damage to trucks is actually fairly minor in the realm of potential damages. If the car you negligently hit has a young child in it and who now needs skilled medical care around the clock forever, you are quickly into many millions of dollars in damages.
* This post was
edited 09/24/08 10:37am by wandering mike *
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WTTCS
freedom , U.S.A.
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Joined: 07/28/2003
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My knowledge of the law, tells me that you cannot garnish anything in Texas, dont care where the judgement was issued. Check the statues .
Only the IRS and the state of Texas can sieze what belongs to you. And in the state case, it is taxes and child support .
You can get a judgement certified, but you cannot garnish wages, pensions and safe money vehicles in the state. You can get money from the checking accounts. That is the only way in Texas. Unless the person sells real estate, judgements in Texas are worthless.
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wandering mike
Texas Gulf coast
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Joined: 01/23/2005
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Well WTTCS, if there wasn't a way to enforce Texas Judgements, there probably wouldn't be companies like http://texas-cjea.com/Judgment_Enforcement.html - Texas Civil Judgement Enforcement Agency. So there must be a way to get your assets. They may not garnish actual wages, but I suppose they may have the sheriff sell your motor home or something. And if you really are living paycheck to paycheck, with no assets and the pay is gone at the end of the month and the RV or other property is mortgaged to the hilt, then you really don't need much more than state minimum insurance as there is nothing to get.
I am not a Texas licensed lawyer, so all of this is just surmising on my part.
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firedude
On the road
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Joined: 01/21/2003
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was_butnotnow wrote:I as a full-timer, now have National Interstate Ins. for my 5er. Since we are getting a new 5er I went to the Progressive web site as they now do my truck, looking for 5er ins. and found it looks like they only do MH Ins. not trailers.
If this is not correct please let me know...
Not true on the trailers. My 5'er has been full-time insured with them (Progressive) from day one (6 years). What Wackys says is true. Insure yourself for worth. Most including myself found myself short themselves on "contents" coverage. I sat down one day and added most everything up and was shocked I wasn't nearly covered for what i had. I was surprised to find the cost of increasing the contents coverage was not as bad as i thought it would be at all. As a firefighter for 33 years i saw many who lost it all and had no or not enough insurance. I won't roll the dice. i saw it way too often. Just my computer stuff if I had to replace it would be minimum 2K alone!
Don't forget about liability either. All it takes is one whacko to come along and run into the corner of your slide and decide he's going to be a rich man. I've personally seen similar happen and know two individuals who have tried this stuff. they are sue happy folks and succeeded once! Like wacky says, insure your worth. Someone said I'm not worth a million bucks! Heck I am especially if some idiot tries to sue for some accident. I have a 1 Mil liability clause just for such.
Many times during my career I saw things that justified the old adage that "if you have insurance you'll never need it. If you don't have it you'll wish you did".Don't sell yourself short by any means. I saw many who did and the end result was not a pretty sight.
Still today I meet full-timers with just your ordinary policy and I get the same old answer. The trailer is covered by my insurance if I'm towing it. Ah huh. Once I enlighten them on just what full-timers coverage is and how little coverage they have they get the drift real fast. The funniest part is the look on their face when I tell them their contents probably aren't covered for more than about $250! They call their insurance company and they tell them that's correct. Hey that can't even replace your clothes! Full-timers insurance is basically "homeowners insurance". those without it are rolling the dice and I'm not a good gambler or seldom win anything if at all so it's insurance time for this dude.
was_butnotnow... give Progressive a call, they'll fill ya in.
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