How Auto Insurance Affects The Outcome of A Personal Injury Case?
If you are in a car accident, at least one party will pay all or most of the damages. This is a fact of life even if you were the one at fault. If you don’t settle out of court, you may end up paying money to the plaintiff after a mandatory court judgement is issued.
You’d want to hire a personal injury lawyer in Fontana, if you ever find yourself in this far from pleasant situation. This attorney would tell you that the type and amount of auto insurance you carry directly influences the amount of money you will be paying to the other party, either as an insurance settlement or as a legal settlement. Your lawyer would also tell you that you need to understand some legal facts about insurance before you start in or out of court negotiations.
If you don’t have car insurance or are underinsured
Your personal injury lawyer will tell you that the payout to the plaintiff will be minimal or nonexistent if you don’t have any auto insurance or are grossly underinsured. But don’t get too smug yet because there are two exceptions to this rule:
● The defense can sue you if you do carry even a small amount of underinsured or uninsured coverage. The good news is that you can file an insurance claim with your own company if you sustain any type of bodily injuries or property damage even if you were entirely at fault.
● You don’t have insurance but have substantial amounts of monetary and other types of assets. The prosecution could force you to sell these tangible assets or pay up out of your own money in this instance.
Just remember that the amount of settlement the plaintiff will receive from you is limited by the amount of insurance coverage you have. For example, if the plaintiff wins a court settlement of $2 million from you, but you only carry $200,000 in coverage, the plaintiff will only get a settlement of $200,000. Your lawyer will tell you that the plaintiff and his/her legal team will be suing you in court if you don’t have enough insurance coverage to cover the entire monetary value of his or her property damage and bodily injuries.
If you sustain a fair amount of bodily injuries and property damage and you have uninsured or underinsured coverage, you can breathe a sigh of relief. You can file a claim with your own insurance company and receive a regular settlement check to pay your bills and other expenses stemming from the car accident.
It’s best to be safe.If you’re smart, you won’t get into a car accident where you’re at fault. However, if this does happen, a personal injury lawyer who has vast and sound knowledge of the information and concepts discussed above can help protect yourself financially.