Medical bills are higher than the policy limits

Recently, we were asked about instances where the medical bill surpasses the offer or even the policy limits that applied to the person responsible for the accident. There are ways that a plaintiff can get above policy limits but it involves litigation.

The term full coverage generally means that the insurance policy has both liability coverage and coverage for damage to your vehicle. The term full coverage does not mean that everything is covered no matter what happens.

You should carry as much liability coverage as you can comfortably afford because damage claims today are sometimes settled for millions.

According to the insurance industry, State minimums don't come close to covering the cost of a serious accident. You should carry bodily-injury coverage of at least $100,000 per person, and $300,000 per accident, and property-damage coverage of $50,000, or a minimum of $300,000 on a single-limit policy.

If you have any questions, please contact us for a free initial consultation with one of our lawyers. Or visit our website.