Where Does Monies Come From to Pay Your Settlement In a Heavy Injury Case?
You have been rear ended by another automobile and injured badly. The other automobile is the only cause of the accident.
Sources of getting paid for all your losses and physical and mental injuries (the case is worth $1,000,000).
A. What is the insurance coverage of the car that hit you? Unfortunately a large percentage of drivers have no insurance coverage, or a minimum of $15,000 per person. Once in a while the vehicle that hit you is commercially used for business, and has adequate insurance to pay you. Example would be an Exxon truck.
B. You should always carry the best liability insurance in case you cause an accident. Uninsured motorist coverage, if the other party has no insurance, and underinsurance in case the other party had inadequate liability insurance to pay for all your losses, and injuries. You have to protect yourself with good insurance.
C. Maybe more than one (1) source caused your accident. That would be another source of insurance for you to collect against.
D. If the other driver had no or minimum liability coverage, and you had no uninsured insurance, there is the very strong possibility you have no case. A case is as good as the insurance that comes into play.
E. Going against the party that caused the accident, is usually futile. There are a few Rockefeller’s. Most people live on their pay checks, and if you push them to hard, they go into bankruptcy, thus wiping out your claim.
In effect, instead of relying on luck, get yourself good liability, uninsured and underinsured insurance coverage to properly protect yourself. You might get an umbrella policy too.
Sometimes there are other insurance policies that a seasoned injury lawyer can find to get you paid.
Please call me, Ray Arenofsky at 480-345-0444, for a free consultation if you or someone you know have been in a serious injury accident. I want to help you. I can also make sure you are properly insured for the future.