A critical element in your car accident case is actually obtaining a recovery for you. It means nothing for someone to agree to pay you a certain amount if they never actually pay you that amount for your injuries. Likewise, if a jury awards you $2 million but you are only actually paid $50,000.00, that $2 million verdict means very little to you. This illustrates why insurance is so critical to your ability to receive a fair recovery from your car accident. Most individuals cannot pay a large judgment and most injury awards are subject to discharge through a bankruptcy proceeding. So, having an insurance policy that provides coverage to compensate you fully for your damages is really important.
However, just having insurance is not enough. It is important that you have the right type of coverage and in a sufficient amount (high enough policy limits).
I HAVE “FULL COVERAGE”. ISN'T THAT GOING TO PAY FOR MY INJURIES IN A CAR WRECK?
Frequently, people that are involved in an accident will tell me that they have “full coverage” under their car insurance policy. Full coverage is important for insuring that you will receive compensation for the loss of your car or truck in an accident, but full coverage means nothing to us in the context of getting you the compensation that you deserve following injuries in a car accident.
WHAT TYPE OF INSURANCE COVERAGE PAYS FOR INJURIES IN A CAR ACCIDENT?
The type of insurance coverage that provides payments for injuries resulting from a car accident is bodily injury coverage or, in the event that the at-fault driver does not have insurance coverage or has insufficient insurance coverage, un-insured or under-insured motorist coverage.