How Available Insurance Affects Value of Injury Claim?

The money used to compensate someone that has been injured in an accident is supposed to come from the insurance company of the responsible party (the defendant). Suppose, though, that the defendant did not carry any insurance policy. What would happen in that case?

Following an on-road incident, the victim must find out whether or not the other driver had purchased an auto insurance policy.

If the other driver had not purchased any type of car insurance, then the hit driver would need to have uninsured motorist coverage. That driver’s own insurance company would have sold that same coverage to its policy-holding customer. Still, that would not guarantee a full payment of all the expenses related to the reported on-road incident/accident. Instead, the insurer would agree to pay up to the limit that had been stated on the policyholder’s purchased, optional coverage.

In other words, the terms of the coverage would determine the value of the case that the policyholder reports to the insurance company. No matter how badly the hit driver might have gotten hurt, he or she could not receive a penny more than the amount of money that was stated as the policy’s limit.

Suppose you got injured while on someone else’s property, and that same property owner had no insurance; what would happen in that case?

You would need to find out whether or not the same property owner had access to some extra money. Maybe there was a certain amount of equity in the owned property.

You might want to work with a Personal Injury Lawyer in Windsor. Then you could place a lien on the property where the accident took place. In that way, you could obtain some money, once a buyer had agreed to pay for that same piece of property, the one on which you had placed a lien.

In both of the above examples, the injured victim would have an alternative path that he or she could follow.

In order to follow that particular path, the violated victim would need to obtain a lawyer. Working with that lawyer, the client/victim could try to find another possible defendant. That alternate defendant would need to be someone that had access to sufficient financial resources, so that he or she could pay the lawyer’s client. If the client’s attorney discovered that this second defendant did have access to such funds, then what action could he or she take?

Working with the injured client, the attorney would need to pursue a personal injury lawsuit. Of course, accident victims cannot explore such an option, if the deadline, as stated in the statute of limitations, has already passed. Time and money can hinder a victim’s ability to get a fair compensation.