Determining the Level of Insurance the Defendant has, and Even If He or She is Insured (or not)
All Texas drivers must have liability auto insurance. And several powerful technology tools and driver databases are now available that allow law officers to know immediately if a driver has insurance. This technology enables them to dispense instant “street justice” by towing non-insured vehicles on-the-spot and giving their drivers costly tickets if they cannot prove they are insured. With all of that, 25 percent of Texas drivers still drive uninsured. The outcome of your claim and how it is handled is much different when an insurance company is involved.
Suppose that both drivers involved in your accident are insured. This is generally good news because there will probably be at least some amount of money available to compensate you for your injuries and financial losses when filing your claim. And yet, most drivers with “cut-rate” insurance coverage carry minimum liability amounts. Such insurance policies may not fully reimburse you for your total losses if your accident was especially severe. Minimum coverage policies cannot fully compensate an accident victim who has $100,000 to total damages (replacement or repair of an expensive auto and accident-related medical bills).
Additionally, just because insurance money is theoretically available to compensate you, doesn’t mean that it will be easy to get your money. The simple fact is that some minimum coverage insurance companies pay better (and quicker) than others. And, with both claimants as well as their customer’s in-general, most of them aren’t very responsive to anything other than sending out those monthly bills and taking in the monthly premiums. Many of them drag their feet when it’s time to pay-up. In just about an accident claim or a civil case where an insurance company is involved, it means that you’ll be up against opposition. The aggressive adjusters, accident recreation specialists, defense attorneys, and other investigative specialists, all work to make sure that you lose: and they keep their money. More on this website
Then there’s the 25 percent chance (at least!) that the driver whose negligence caused your wreck was uninsured. Hopefully, you have uninsured motorist coverage on your policy. That doesn’t relieve that driver from compensating you or paying the difference between what his policy covers and your actual damages (or if your coverage falls short of the actual damages). Aside from the possibility, the other driver is uninsured, that negligent defendant will probably be judged liable for directly paying your damages when coverage falls short. So your primary interest is in whether this driver who hit you is solvent. If a defendant is insolvent, it means that he or she does not have enough money to compensate you for your injuries, pain, suffering, and other legal damages. When a defendant is insolvent, there’s little value in pursuing litigation against him, no matter how strong your case is. It is a sad reality that some accident victims are unable to recover compensation from insolvent defendants.
Sometimes, a driver who has caused a wreck will take desperate steps to hide his assets to appear insolvent. He or she might also try and hide this accident from their insurance company that threatens to drop coverage if this person gets in one more wreck. No matter the reasons for this defendant’s behavior, our Law Firms regularly perform asset checks on any accident defendant to find out how much they are worth. If there’s money available, we’ll find it and work to make sure you get what is rightfully coming to you.
The time after being seriously injured in a car accident is often stressful and confusing to the victims and their families. Don’t add to the stress and confusion by letting an inexperienced attorney handle your case or represent yourself when you are unqualified to look out for your or your family’s best interests. We are uniquely qualified and fully prepared to fight for and win the fairest compensation for your total damage claims. If you or someone you know was injured in a car accident, contact an attorney at our Law Offices today at 1(800) 862-1260 (toll-free) for a free consultation and find out how we can help you.