A young household often concludes it has nothing worth protecting. A judgment does not only reach what you own today. In Arizona it can reach what you earn for years afterwards.
A judgment can be enforced against future wages. Having few assets now is not the same as being safe.
Three things about liability when most of your wealth is still ahead of you.
Civil judgments in Arizona are enforceable for a long period and can be renewed. A serious at-fault claim in your thirties does not resolve when your savings run out; it attaches to what you earn afterwards. The common belief that there is nothing to take is a statement about today rather than about the next decade.
Arizona law permits garnishment of a portion of disposable earnings to satisfy a judgment. The percentage is limited and the effect is long. For a household building toward something, that is a materially worse outcome than a one-off loss of savings.
An umbrella pays to defend you, frequently outside the limit, and legal defense of a serious liability claim is expensive even when you ultimately prevail. A household without cover pays that regardless of the outcome.
The case for cover before there is much to show for it.
The thing actually at risk when the balance sheet is still small.
Auto liability is the most common route to a claim large enough to need an umbrella.
Usually the first change, and usually a modest one.
Send your current auto and home limits. We will tell you what the gap looks like.
We explain what a judgment reaches before recommending a number.
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