As the victim of an accident caused by another party’s negligence, you may be able to recover the compensation you need for your medical bills, lost wages, pain and suffering, and other damages.
However, there are some instances when the insurance policy limits of the liable party may be less than the value of a claim.
If you find yourself in a situation like this, our auto accident attorneys in Sacramento are prepared to review all your legal options to see how you may still be able to recover the full value of your claim.
The consultation is free and there are no fees unless we win.
In California, drivers are required to carry at least the following auto insurance coverage minimums:
Insurers are required to offer the following coverages to California drivers, which may then be waived by the policyholder in writing:
While these are the minimum legal requirements, it is important to keep in mind that drivers often purchase higher limits depending on their insurance needs.
Insurance policies have a limit that helps define the cutoff for what insurance companies pay out when an insured person is sued.
Unfortunately, despite many drivers purchasing higher policy limits, the insurance companies rarely offer the maximum available to injury victims, even if the person suffered serious injuries.
There may be some other options for recovering the full value of your claim even if the insurance policy has a lower limit than what your damages are worth.
If your damages exceed the insurance policy limits, you could file a claim against your own insurance. Your underinsured motorist coverage may provide compensation, up to the policy limits, to cover the difference between the full value of your claim and the limits of the at-fault driver’s insurance.
You never know who you may get into an accident with, so it is important to buy as much uninsured and underinsured motorist coverage as you can afford. Otherwise, you may have significant out-of-pocket costs after a crash.
If there were other parties involved in your accident, you may be able to file multiple third-party claims. If you can prove the other parties’ liability, you may be able to recover compensation for the full value of your claim.
For example, if your car accident involves multiple vehicles and results in $50,000 worth of damages, but each driver only has a $25,000 policy, you may still be able to recover the full $50,000.
Some drivers carry umbrella policies that add extra liability coverage over and above the liability coverage in their auto insurance. If the at-fault driver or one of the at-fault drivers has this coverage, you may be able to file a claim against it. However, people usually only buy these policies when they have significant assets to protect.
If you were injured in an accident caused by someone else’s negligence, but there is not enough insurance to cover the full cost of your damages, our attorneys may be able to help you determine all your options for recovering compensation.
We offer a free consultation to discuss your claim to see what legal options may be available to you. There are no upfront fees and we do not charge you anything unless we successfully recover compensation on your behalf.
Call us today at (916) 777-7777.