Accident Lawsuits Target Insurance Companies
Personal Assets Are Rarely Pursued
You've been injured in an accident.
The one thing you're sure about is that someone else is to blame.
Once you've called the police, been treated for your injuries and reported the matter to your insurance company, you might consider contacting a personal injury lawyer and filing a lawsuit.
While the claim will be based on negligence or fault on the other driver, your case will most likely be against the other driver's insurance company.
Choice No-Fault In Kentucky
In Kentucky, of course, the choice no-fault system is in place.
This means that your insurance company will cover your damages, regardless of who is at fault. If medical expenses exceed $1,000.00, however, or if serious, permanent or deforming injury should occur, claims are exempt from no-fault rules.
In such a case, you're free to pursue the other party's insurance company, often referred to as the "liability carrier."
Insurance Companies Take The Risk
Since auto insurance is required by law in the state of Kentucky, pursuing a claim against the insurance company makes sense.
The state minimum injury policy is $25,000 per person and $50,000 per accident, meaning that any insured driver has at this much coverage. In some cases, the policy limits might be higher: $100,000, $250,000, even $1 million or more on a commercial policy.
After all, that's what insurance is there for. Insurance companies take the risk so that we don't have to. We buy their protection with our premiums.
Suing Insurance Companies Versus Suing People
The driver who is at fault might mistakenly believe "they filed a lawsuit against me." But in reality, the claim is against his or her insurance company.
The truth is that most people have very little in the way of personal assets, such as real estate, bank accounts, jewelry or other transferable valuables.
Only in rare circumstances is the at-fault party "collectible" -- meaning that he or she has personal assets above and beyond the limits of the insurance policy in place. In these cases, it usually involves a large corporation. Insurance is designed to protect assets such as homes, businesses and bank accounts. People with assets are virtually always well-insured.
Do You Have Questions About An Auto Accident Claim?
If you're confused about filing a personal injury claim, contact the law office of Dallas & Turner. Our team of experienced attorneys will evaluate your case, free of charge.
No matter where you live in the state of Kentucky, we offer a free, no-risk consultation in injury and accident cases. This means you’ll never be charged to speak to us, and the only way we receive payment for our legal services is if you receive compensation for your accident and injury.
To speak to a Dallas & Turner PLLC attorney immediately, please dial 859-630-0666. You can also write to us by using our free contact form.
Our clients come first, no exceptions. We look forward to working for you.
James Ryan Turner, Experienced Injury Lawyer in Florence, KY
"If you have been injured and believe that you have a claim, you need someone with the experience of standing up against insurance companies who have a team of people ensuring they pay you little to nothing. Give us a call, and we will for free help you evaluate the merits of your case."