Injury claim?
About a year ago i was involved in a saloon accident. It was my reproach,but the damage was intensely minor.The person i hit with my sports car was fine,but now she occupied an injury claim.My insurance knew the whole point from the beginning.I was wondering,who pays the money,the insurance or me?Or do we split ?
Answers:
Your insurance company pays up front but you end up paying in the stop when your premiums hike way up or they drop you and you compensate through the nose for some crappy non-reputable insurance.
As long as you have liability coverage on your policy your insurance company will pay to a maximum of the limits on your policy. It sounds close to it would be minor injury due to low impact so you should have enough coverage (even if minimal). If the other human being ends up filing a lawsuit against you, your insurance company will hire a lawyer for you at their expense as okay.
If the claim is covered by your insurance policy, they reimburse for an attorney to represent you and the attorneys job is to make sure that if this character gets anything it is the insurance company's money, and not yours. The only exceptions are when you are totally uninsured (you are worth millions and have $10,000 in insurance) or if you were drunk driving within which case you need to catch your checkbook out. Otherwise, the insurance company will pay any money to the other side. That's what you paid for when you bought the policy. Let the mover know as soon as you get suit papers b/c they only own 20 days after that to set up a file, hire you an attorney and get an answer file in the court. Source(s): I am a lawyer contained by Florida.
I have several lawyer in my family . One who specializes within Personal Injury.Their company will pay first up to the limits of the policy. Then if curb is met,they may go after yours. Source(s): Several Lawyers in household, also been in several no blemish wrecks in last 5 years
Your company will salary the claim up to the liability limits that you have. They hold a duty to try to settle the claim at or below your limits so that you don't have to pay envelope anything out of pocket.
I doubt you have anything to worry going on for as the average injury settlement is well below most minimum policy limits.
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Answers:
Your insurance company pays up front but you end up paying in the stop when your premiums hike way up or they drop you and you compensate through the nose for some crappy non-reputable insurance.
As long as you have liability coverage on your policy your insurance company will pay to a maximum of the limits on your policy. It sounds close to it would be minor injury due to low impact so you should have enough coverage (even if minimal). If the other human being ends up filing a lawsuit against you, your insurance company will hire a lawyer for you at their expense as okay.
If the claim is covered by your insurance policy, they reimburse for an attorney to represent you and the attorneys job is to make sure that if this character gets anything it is the insurance company's money, and not yours. The only exceptions are when you are totally uninsured (you are worth millions and have $10,000 in insurance) or if you were drunk driving within which case you need to catch your checkbook out. Otherwise, the insurance company will pay any money to the other side. That's what you paid for when you bought the policy. Let the mover know as soon as you get suit papers b/c they only own 20 days after that to set up a file, hire you an attorney and get an answer file in the court. Source(s): I am a lawyer contained by Florida.
I have several lawyer in my family . One who specializes within Personal Injury.Their company will pay first up to the limits of the policy. Then if curb is met,they may go after yours. Source(s): Several Lawyers in household, also been in several no blemish wrecks in last 5 years
Your company will salary the claim up to the liability limits that you have. They hold a duty to try to settle the claim at or below your limits so that you don't have to pay envelope anything out of pocket.
I doubt you have anything to worry going on for as the average injury settlement is well below most minimum policy limits.
Related Questions: