Should you consult with a car accident attorney Delray Beach before settling for the other driver’s policy limit?
If you are injured because of an automobile accident that was caused by another driver, that driver’s insurance company may offer you what is known as the policy limit. A policy limit is the maximum amount of money for a particular type of coverage on an insurance company. Typically, an insurance company will not pay you more than the policy limit, regardless of the injuries sustained. The policy limit is based on what insurance policy the driver has at the time of the accident.
Even if the policy limit is a high payout, it is suggested that you consult with a car accident attorney Delray Beach before settling for the other driver’s policy limit. You should not take the adjuster’s word about the amount of the policy limit or what you are entitled to. Before recommending that you accept the policy limit, an experienced attorney may do some of the following things:
- They will request a copy of the other driver’s insurance declarations page that was in effect on the day of the accident. It will specify the other driver’s liability policy limit. The amount stated needs to match the amount being offered to you by the adjuster. In the State of Florida, the minimum policy limit an insured driver must have is $10,000 for personal injury protection (PIP) and $10,000 for property damage liability (PDL). Unfortunately, there is no requirement for driver’s to currently be insured with a policy of bodily injury insurance (BI).
- They will make sure there are no other potential at-fault parties that contributed to causing the accident. Obviously, each responsible party found could potentially increase the amount of compensation you may be entitled to.
- They will handle most of the work in relation to dealing with the insurance companies. Often, an insurance company will work in their best interest, and not offer you what you may be fully entitled to. An attorney working on your behalf will make sure that you are compensated for an amount that correlates with your sustained injuries.
- An attorney will typically seek sworn affidavits and perform an asset search that will confirm whether the adverse parties have any additional insurance or significant assets to pursue.
Even if the policy limit is guaranteed after the insurance company receives the necessary documentation stating your medical bills and injuries, you should still consult with a car accident attorney Delray Beach before signing any settlement. The attorney will protect your interests and inform you if the release for the settlement offer is fair or not.
If you are unsure whether you may need legal representation because of an automobile accident caused by someone else, call the car accident attorney Delray Beach of Greenberg & Strelitz, P.A. for your free initial consultation. Personal injury deserves personal service!