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: What happens if the damages in an auto accident lawsuit exceeds the amount of liability insurance?
A: When the damages that you have sustained in a motor vehicle collision exceed the amount of liability insurance the at-fault driver has, there are several things you can try to do. One is to proceed against your own uninsured motorist insurance company, if in fact you have uninsured motorist insurance. Or if you were in someone else’s car, you could proceed against that person’s uninsured motorist insurance. Sometimes you can do asset checks to determine if in fact the person who caused the accident had assets from which you can collect in addition to the liability insurance. Many time, unfortunately, someone is badly injured and a person has minimal liability insurance, minimal assets and there is no uninsured motorist coverage available. Sometimes, unfortunately, you are forced to settle the case for much less than your case is worth.
- What does automobile liability insurance cover?
- How does an insurance company decide how much they will pay to compensate someone for an injury?
- How long does an insurance company have to respond to a demand letter?
Do you have questions or comments? Then please feel free to send Alan an email or call him now at (954) 458-8655.