In today's litigious society it may be possible that you could be sued personally for an accident that took place 2 years ago. It will depend upon many things such as state laws, statute of limitations and if the person signed a release with your insurance company that does not allow them to pursue future monies or settlements from the insurance company or you, the policyholder.

Having full coverage does not make a difference since this typically refers to having stated mandated liability coverages plus physical coverages of collision and comprehensive. These latter coverages cover your vehicle for damages so would not help if a person took legal actions against you.

If 2 years is within the statute of limitations for your state and according to state law the person you damaged, either with bodily injuries or property damages, may sue for damages sustained from an auto accident then they may be able to file a lawsuit against you.

Your bodily injury and property damage liability coverages normally provide for a legal defense if another party in the accident files a lawsuit against you. If this is true according to the terms of your policy then check with your insurance agent how this would help you if you are sued by the other party in the accident.

In the event of a serious accident, you want enough insurance to cover a judgment against you in a lawsuit, without jeopardizing your personal assets. If you select liability limits that are too low, you could be putting yourself at risk financially.

For example, if either you or a driver covered by your policy cause a serious injury where damages exceed your limits, you typically can be held responsible for the amount above your limits. To make that payment, you could be forced to liquidate property, savings, and other assets, or your future earnings could be attached. By purchasing liability limits to account for both your current assets and future net worth, you can help protect yourself against this risk.

To find out what your state laws allow ask your insurance agent and/or contact your state's insurance regulatory body which can give consumer advice.