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What Is a Policy Limit and Why Does That Matter?

What Is a Policy Limit & Why Does It Matter - Joe Knows Law
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Accident victims routinely face substantial costs for medical bills, loss of income, car repairs and more. As an experienced personal injury and auto accident injury lawyer, Joe Lucé helps secure the compensation victims deserve following an accident. But one factor most insurance policyholders do not anticipate is a policy limit. Here are the essential details about policy limits, and how an attorney can assist with a claim.

What You Need to Know About Insurance Policy Limits

When you are injured in an accident, you may think that as long as you have insurance you are covered. But that isn’t necessarily true. Depending on your insurance policy limits, you could still be on the hook for expensive medical bills and long-term treatment. It is important that you have the right insurance policy and the right attorney to get all the compensation you need to continue with your daily life. Attorney Joe Lucé at Lucé Law, PC will fight on your behalf to get what you are due from the insurance company. Here are a few things you can do to increase your chances of being fairly compensated.

Your Injuries Exceed Policy Limits

When your injuries from a car accident exceed the policy limits of the negligent driver, you can turn to your insurance company through your Underinsured Motorist Insurance (UIM). This can help make up the difference between a negligent driver’s insurance policy, especially if they only carry the minimum. To find out what the negligent driver’s policy limits are, you can call the person’s insurance adjuster. They don’t always reveal what the policy limits are, but you can get the help of an experienced injury attorney to help you.

Don’t Settle for Less Than Your Case Is Worth

It is important when you’re fighting for compensation due to a car accident that you don’t go out alone. You need the help of an experienced accident attorney who knows how to talk to your insurance company and get what you are entitled to. Do not sign anything that the insurance company gives you without having it looked over thoroughly by your attorney. The insurance company is not looking out for your best interest. The only representative who is looking out for you is your attorney.

How Will an Attorney Help With My Policy Limits Claim?

An insurance company investigates your claim to determine whether you are entitled to compensation, and at what amount. To ensure this process runs smoothly, it is essential to have a dedicated personal injury attorney by your side for the following steps.

  • Reviewing insurance policies to determine policy limits.
  • Negotiating a fair settlement with the insurer.
  • Making sure the insurer is acting in good faith.
  • Filing a lawsuit if the compensation is inadequate.

If a settlement is not satisfactory, your attorney could file a lawsuit against the individual who caused the accident. Alternatively, a claim against the insurer might be preferable. If an auto accident was caused by a business vehicle, a car or truck accident attorney can potentially file a claim with the corporation involved.

Trusted Personal Injury Attorney Serving North Texas

Joe Lucé is an established personal injury attorney working with clients in McKinney and across North Texas for over thirty-seven years. For guidance and representation with personal injury insurance claims, workplace injuries and wrongful death cases, contact us today. For assistance, call (972) 632-1300 or request a free legal consultation.

Legal Practice Areas

Joe Lucé represents individuals dealing with the repercussions of personal injuries, auto accidents, slip and fall injuries and wrongful death.
Personal Injury

Personal Injury

Our experience dealing with personal injury claims means we know how to get results.

wrongful Death attorney

Wrongful Death

The loss of a loved one is compounded when it’s the result of wrongful death.

Slip and Fall Injuries

Slip and Fall Injuries

Slip and fall accidents occur regularly in commercial buildings, workplaces, stores and malls.

Auto Accidents

Auto Accidents

Auto accidents are frequently preventable, with distracted drivers, vehicle malfunctions and other conditions to blame.