The vast majority of car accident settlements are paid by the at-fault insurance company. One thing that people may not think about is that insurance policies and policy limits vary from insured person to insured person, which means that not every policy will have a high enough limit to cover a full and fair settlement. A policy limit or an insurance limit is the highest amount an insurer will pay for a claim that their customer’s insurance policy covers.
Those who are severely injured in an accident by a person with a low policy limit may run into trouble negotiating a settlement that covers their losses and injuries. While it can be a challenge to collect injury compensation beyond an insurance policy limit, no situation is hopeless. We recommend contacting an experienced car accident lawyer who can assess all your legal options.Read More