Will Injury Lawyer In Scarborough Collect Injury
Compensation Beyond Insurance Policy Limits?
Injuries from motor vehicle accidents, slip and falls, or medical malpractice can have a severe impact on your life. Your medical costs alone could total many thousands of dollars. In most cases, insurance companies will pay for most of your injuries and losses up to a predetermined limit. Still, if you are injured severely, or the consequences of the negligence are serious, then your policy limits may not cover all of your damages completely. To negotiate with the insurance company, you will need to seek help from an Injury lawyer in Scarborough.
How Insurance Policy Limits Work
A policy limit refers to the maximum dollar amount that an insurance company will pay regarding coverage. For instance, a personal umbrella policy may have a policy limit of ten million dollars. That means that if you have a claim that exceeds ten million dollars, you will be responsible for paying anything beyond that amount out of pocket.
In simple terms, it means that if you have a liability insurance policy with a $500,000 policy limit and you have an accident worth $1 million, the insurance company will only be responsible for paying out losses up to the policy limit.
Can You Collect Excess Damages?
The first and most common way to collect more compensation is to sue an additional party. For example, a plaintiff may sue multiple defendants in a personal injury lawsuit for pain and suffering, lost wages, medical expenses and other damages. This is called "multiple defendants" because the plaintiff sues each defendant.
In some cases, an injured plaintiff's recovery may exceed the available insurance coverage amount. In those cases, the plaintiff may recover from an umbrella policy or bring a personal claim against the defendant. These methods involve filing a lawsuit against the negligent party and recovering more than the insurance company paid through its insurance policy limits. The amount of compensation recovered by an injured person is determined by three factors:
• The amount of money the plaintiff recovers from their insurance policies.
• Any property damage caused by accident.
• Any damages awarded by a court.
Suppose someone else's negligence injured you. In that case, you should consult with an Injury lawyer in Scarborough who can explain your rights under state law and advise you of your options for recovery.
Seek Legal Help
Injury lawyer in Scarborough are the only professionals who can help you collect money, even if your case is outside the scope of your policy. A personal injury attorney can research the at-fault party's insurance policy and determine whether it provides enough coverage to cover your claim. As with any lawsuit, the number of damages your attorney can recover will depend on many factors, including who was at or near fault for causing your injuries, what caused the injuries and how badly you were hurt. He can then present your case in court to help you get punitive damages. Visit Here: WPC Personal Injury Lawyer