How can you collect more car accident damages than the insurance policy limits?

Posted By on March 22, 2016

In this video, Alan Sackrin answers a question that he has been asked many times before by clients and visitors to this site. If you have questions after watching the video, Alan is available to talk with you now and answer your questions free of charge:

Q: How can you collect more car accident damages than the insurance policy limits?

A: Although unusual, there are several ways in which you can recover more money than the bodily injury limits of the driver who caused the accident. One is if, for example, there’s $50,000 in bodily injury limits and the value of your injuries is $200,000. The person who caused the accident may very well have assets that you can collect upon. You could ask that person to participate and to throw in some of his own personal assets in addition to the insurance limits. More often, we see situations where the insurance companies refuse to offer the policy limits, which could possibly put the insurance company in a position of bad faith. If you go all the way through a court case and obtain a substantial damage verdict, you then quite possibly have a case against the insurance company for bad faith. That insurance company might very well have to pay the full damages, even though it’s far in excess of the bodily injury liability limits that it’s insured purchased.

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Do you have questions or comments? Then please feel free to send Alan an email or call him now at (954) 458-8655.

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