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re: Are umbrella insurance policies even necessary for most people?
Posted on 2/4/24 at 10:38 am to baldona
Posted on 2/4/24 at 10:38 am to baldona
quote:
Can’t you be forced into payments if you are sued?
That's a wage garnishment. And yes.
The biggest concern to me is real estate.
A bankruptcy could alleviate the debt obligation, but there are situations in Georgia where the lien still exists.
Check with an attorney about where the soft spots are with real estate and judgments.
1
Posted on 2/4/24 at 12:24 pm to meansonny
And isn't there something nuts where like you can't unload the RE liquidate to pay any judgdment?
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