What to Do When Car Accident Damages Exceed Insurance Limits: Insights from Zeidwig Law
Experiencing a car accident can be a life-altering event, especially when the resulting damages surpass the at-fault driver's insurance coverage. Understanding your rights and the avenues available for compensation is crucial in such scenarios. At Zeidwig Law, we are dedicated to guiding clients through these complex situations to ensure they receive the justice and compensation they deserve.
Florida's Auto Insurance Requirements
In Florida, drivers are required to carry a minimum of $10,000 in Personal Injury Protection (PIP) and $10,000 in Property Damage Liability (PDL) coverage. Notably, the state does not mandate Bodily Injury Liability (BIL) insurance, which can lead to complications when accidents result in severe injuries. Understanding these minimum requirements is essential, as they set the baseline for potential compensation following a car accident.
Understanding Policy Limits and Florida's No-Fault System
Policy limits define the maximum amount an insurance company will pay for a covered claim. Florida operates under a no-fault insurance system, meaning that after an accident, your own PIP coverage initially pays for your medical expenses and lost wages, regardless of who was at fault. However, if your injuries are severe and meet specific criteria, you may step outside the no-fault system and pursue a claim against the at-fault driver.
When Car Accident Claims Exceed Insurance Limits in Florida
There are instances where the damages from a car accident exceed the at-fault driver's insurance policy limits. This situation often arises in cases involving:
- Severe Injuries
- Permanent Disabilities
- Extensive Property Damage
In such scenarios, victims may face substantial out-of-pocket expenses. Exploring additional avenues for compensation becomes imperative.
Options for Seeking Additional Compensation
When damages exceed the at-fault driver's policy limits, consider the following options:
1. Uninsured/Underinsured Motorist (UM/UIM) Coverage
2. Personal Assets of the At-Fault Driver
3. Third-Party Liability
Navigating these options requires a thorough understanding of legal procedures and the ability to effectively negotiate with insurance companies and other parties.
Determining the At-Fault Driver's Policy Limits
Knowing the at-fault driver's insurance policy limits is crucial in formulating a compensation strategy. This information can be obtained by:
- Direct Inquiry
- Legal Discovery
Having an experienced attorney can facilitate this process and ensure that all potential sources of compensation are explored.
How Zeidwig Law Can Assist You
At Zeidwig Law, we are committed to the tireless pursuit of justice for each and every client. With over 20 years of experience handling civil and criminal matters throughout Florida and in federal courts, Gary M. Zeidwig has secured millions of dollars for clients injured due to negligence.
Our approach includes:
- Comprehensive Case Evaluation
- Negotiation with Insurance Companies
- Litigation
If you or a loved one has been involved in a car accident where damages exceed insurance policy limits, contact Zeidwig Law for a consultation. We are here to guide you through this challenging time and advocate for your rights.
For more information, visit www.zeidwiglaw.com or call (954) 523-3993.
This article is for informational purposes only and does not constitute legal advice. For personalized legal guidance, please consult directly with an attorney.