Your chances of being sued increase substantially after a car accident. If the car accident was your fault, you could be responsible for paying the other party’s medical bills, lost wages, and pain and suffering damages. If alcohol was involved, the judge may require you to pay punitive damages to the other driver.
It is extremely expensive to drive carelessly. The good thing is that you have auto insurance, right? Not always. Keep in mind that your insurance company pays only the amount that you take out to the other driver. For example, if you took out ten thousand dollars in bodily injury insurance coverage, your insurance company pays only ten thousand dollars to the injured party. As you know, one emergency room visit could easily drain the entire ten thousand dollar policy. Failing to take out adequate insurance increases your chances of being sued and puts your personal assets at risk.
Always remember to take out as much auto insurance as you can afford. If your auto insurance coverage is inadequate, then the injured party has the option of going after you for your personal assets (i.e. – bank accounts, savings account, real estate, etc.). If a judgment is entered against you, the injured party and her attorneys can garnish your wages.
Call your insurance company today to make sure that you have sufficient bodily injury insurance coverage to protect your assets. Remember that your "bodily injury" coverage pays for the other party’s medical expenses if you are deemed at fault for the car accident. Additionally, ask your insurance carrier about "uninsured motorist" coverage. This coverage will pay for your own medical expenses if you are injured by a negligent driver that does not have enough insurance to pay for your damages.
If you have questions about your insurance coverage, feel free to call us for a free consultation! There is no charge to you if we handle your car accident case unless we win!
THE WATSON FIRM, PLLC.
1720 W FAIRFIELD DR, STE 100
PENSACOLA, FL 32501
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