Can I lose my house due to an at-fault car accident in Texas? It’s possible that you could lose your house due to an at-fault car accident in Texas.
Have a Houston car accident lawyer review the specifics of your situation. Your attorney can explain Texas’s homestead exemption laws and how these may allow you to keep your home after an at-fault auto accident.
When Can You Lose Your House After an At-Fault Car Accident in Texas
You can lose your house after an at-fault auto accident in Texas if the losses that someone suffers in the incident exceed your insurance policy’s limits, if the court rules against you, and if your property is not fully protected under homestead exemption laws. Your car insurance may help minimize the risk that you’ll lose your home if you’re at fault for an auto crash.
Meet with a Houston personal injury lawyer if you’re worried about whether you may lose your home due to an at-fault auto crash in Texas. Your attorney can evaluate your accident and liability. They may even find that someone else is liable for your accident. In this scenario, your lawyer may help you get compensation from a liable party or their insurance company.
Lowe Law is a Texas personal injury law firm that’s recovered millions of dollars for our clients. We encourage you to get a lawyer for a car accident that wasn’t your fault. Our auto accident attorney may help you secure compensation for your tangible and intangible losses through an insurance claim or a personal injury lawsuit. To learn more, request a free case consultation.
When the Risk of Losing Your Home Can Increase Due to an At-Fault Auto Collision in Texas
The risk of losing your house after an at-fault car accident in Texas can rise if your insurance company refuses to cover the losses of the party harmed during the incident, or if this party faces significant medical bills, lost wages, and other losses.
Ideally, a car accident investigation reveals that another party may be to blame for the incident. At this point, the insurance company of the other party involved in the accident may compensate you for your losses. However, if this doesn’t happen, you may want to proceed with a lawsuit.
According to Texas Civil Practice and Remedies Code Section 16.003, the statute of limitations for filing a personal injury lawsuit is generally two years. Based on this, you may have up to two years to sue someone who may be liable for your auto accident. If you don’t file a lawsuit within this window, you may lose your right to sue at a later time.
Homestead Exemptions in Texas That May Allow You to Keep Your Home After an At-Fault Car Accident
Various homestead exemption laws may help you avoid losing your residence due to an at-fault car collision in Texas. Under these laws, the equity that you’ve built in your home may be protected from creditors. Along with this, Texas law provides homestead protections for qualifying residences subject to statutory requirements and exceptions.
These laws do not apply to every situation. If you used your house as collateral or acted fraudulently, you may still be at risk of losing your home because of an at-fault car accident. Thus, having an auto accident lawyer on your side can make a difference if you want to protect your residence following an at-fault car crash.
As you try to find a car accident lawyer, it may be beneficial to look for one who’s familiar with Texas’s homestead laws. Your attorney may explore many legal avenues to help you keep your residence. Alternatively, they may be able to build a case designed to prove to a judge or jury that another party is partially or primarily responsible for your auto accident.
Other Assets That You Could Lose as a Result of an At-Fault Auto Crash
You have concerns that you’ll lose your home due to an at-fault car collision in Texas. These concerns may be valid, but you should also account for the other assets that you could lose if someone files an auto accident lawsuit against you. Such assets can include:
- Money in your bank accounts
- Cars and other personal property
- Non-homestead real estate
If you are being sued for a car accident, it helps to have a personal injury attorney with relevant case experience on your side. Your lawyer can give you insights into what the average car accident settlement in Texas is worth. They may negotiate a settlement that allows you to keep your home and other assets.
Tips to Help You Secure Your Home If You’re at Fault for a Car Accident in Texas
Notify your car insurance company after your auto accident. This can initiate the claims process, and the insurance companies of the parties involved in the incident can investigate. Ultimately, these businesses may find that someone else may be liable for your accident. If this occurs, you could get money for your medical bills, lost wages, and other losses from this party’s insurer.
Trust a car accident lawyer to assist you with your auto collision case. Your attorney can help you avoid saying anything to an insurance company that indicates you’re at fault for an auto accident. They can keep you updated about insurance settlement negotiations.
If your case requires a trial, your attorney is ready to advocate for you. They can use accident scene photos, witness statements, police reports, and other types of evidence to support your argument. On top of that, they can contest any claims that the plaintiff or their attorney makes against you.
Learn More About Car Accident Claims and Lawsuits
The team at Lowe Law can give you information about when you could lose your home due to an at-fault car accident in Texas.
Plus, if you want to seek compensation from anyone who may be liable for your auto accident, we may be able to help you. Contact us today for more information.