Can the injured party collect from their insurance and the liable party insurances to compensate injuries and damages sustained. Can you make the liable party insurance pay all three parts of the policy or do they only settle for the BI and nothing else
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Nov 8, 2018
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
Insurance Question from Cullman, AL
Asked on 11/08/2018
Can the injured party collect from their insurance and the liable party insurances to compensate injuries and damages sustained. Can you make the liable party insurance pay all three parts of the policy or do they only settle for the BI and nothing else Liable party- baisc LiabilityInjured party -full coverageCollect from both to compensate injured partyCollect all parts of basic policy by liable party to satisfy I juries
Answer given on November 12, 2018
If you are in an accident that is not your fault, and you are injured, the other party’s insurance company should pay for your injuries, up to the limits of the policy. Your insurance policy may include coverage for bodily injury, but it is usually considered “excess coverage”. This means they pay for any injuries that are excess of what the other insurance company will pay. If the limits for the other party have hit the maximum, then your policy may pay over that amount up to its lmits. The other insurance company will also pay for damages, again up to the policy limits of their policyholder’s limits. If you carry uninsured/underinsured coverage for property damage, you may be able to collect for any additional damages. Talk to your agent or insurance company to understand how they will respond if the other party’s policy limits are hit and cannot pay anything further.
IMPORTANT NOTICE: These answers are for general information purposes only and are provided by the person answering and FreeAdvice.com AS IS. It has not necessarily been reviewed by the management staff of FreeAdvice.com nor is it binding any insurance agent, broker, or other insurance professional or any attorney or insurance company. Insurance laws, regulations and practices vary from state to state and insurance policies and practices differ from company to company, by type of policy, by state and locality and by type of insurance. Tiny variations in the facts, policy language or a detail not set forth in a question often can change the outcome or a professional's conclusion. Although FreeAdvice.com has confirmed that the answer(s) was/were provided for the account of an experienced insurance professional, that professional may not be licensed in the state referred to in the question, and may not be experienced or up to date in the subject area. Unlike the answers provided here, upon which you should NOT rely, for personal advice you can rely upon we suggest you consult a licensed insurance professional in your area or retain a licensed attorney listed on AttorneyPages.com to represent you.