If I was in a car accident and the person that hit me has liability limits of $25,000 but I am seeking $300,000 for a claim, how would I receive compensation?

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

If I was in a car accident and the person that hit me has liability limits of $25,000 but I am seeking $300,000 for a claim, how would I receive compensation?

Asked on December 9, 2012 under Accident Law, Indiana

Answers:

Leigh Anne Timiney / Timiney Law Firm

Answered 11 years ago | Contributor

I am sorry to hear about your accident.  It can be very difficult to obtain any compensation above and beyond the insurance policy limits for the at fault driver's insurance company.  Your only real option is to pursue the driver personally for your damages which are beyond what their policy allows.  There is a significant difference between the $25,000 policy limit and the $300,000 you are seeking.  Pursing this type of claim generally requires the filing of a formal civil lawsuit.  You must evaluate whether the person who was at fault for the accident has assets and the ability to cover any judgment you might obtain against them.  Usually the answer is no.  In general, people with significant assets, the amount of assets you would need to cover damages this large, would be carrying much more than $25,000 in insurance coverage.  I realize this is not a good answer for you.  Good luck to you.  


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption