You probably don’t think about being sued all that much. Like being arrested, we commonly view it as something that will happen to other people rather than ourselves. That said, being sued is a very real possibility and there are plenty of scenarios where you could find yourself on the wrong side of a legal battle. Let’s look at some examples so that you can understand how detrimental they could be to your finances.
Car Injury Claim
Ever been in a car accident? You might think that the accident itself is the worst part. Well let us reassure you, it isn’t. The worst part is waiting to see if any other drivers involved are going to attempt to sue you for damages they experience. In particular, you need to be aware of the danger of spinal or neck injuries. They could quite easily cost you hundreds of thousands. That amount won’t necessarily be paid by your insurance company.
But that is a good place to start. You need to check with your insurance company about what is and isn’t covered in a car accident. In particular, you need to make sure that they will cover you for legal damages. Though bare in mind, they typically will have a fixed amount. If your case costs more than this, you can bet you’ll be paying for it yourself.
You also need to be wary about putting yourself in situation on the road where you could be left open to a lawsuit. For instance, if you crash into the back of a car, it will almost always be seen as your fault. It doesn’t matter how much time they gave you to brake. A law firm such as SiebenCarey can give you more information on these possibilities.
Did you know that you have a duty of care for anyone on your property? It’s true. That means if anyone is injured on your property you could be held legally accountable. Bright sparks will immediately be thinking about winter months when the roads and your driveway are icey. Yes, that does mean if someone walks up your driveway and slips, they can hold you accountable. Particularly, if they are injured during the accident. That’s why it’s not a bad idea to take responsibility for gritting your own drive in the winter. We know what you’re thinking. Surely, there’s something that protects homeowners. Let’s just say the situation is a tad more tricky if they are injured inside your home. But a legal claim is still possible.
Again, this is another example of something that you probably think you’ll never be involved in. But what if someone said something horrible to your wife? Or, what if you think an adult was threatening to your children. Bare in mind, they never touched them. They just appeared threatening. Would you be able to hold your fists in your pocket? You better hope so. Not only could an assault charge cost you a lot of money, it could end you up in prison. It’s always best to walk away and let your pride take the hit rather than your bank account.