Going to court is expensive, whether you win your case or not. But for a properly insured defendant, the cost of court proceedings and the final payout can be much more manageable, or even covered entirely by insurance. Unfortunately, how liability insurance works in the case of legal proceedings is poorly understood by the general public, and many people don’t find out their insurance isn’t adequate until it’s too late to do anything about it. For example, many insurance plans will only cover bodily damages, and not mental or emotional problems resulting from an accident. Understanding how insurance works in a legal situation is vital, especially in personal injury cases.
Why we’re asking:
The world of insurance is complicated, and unfortunately many insurance companies take advantage of the fact that the average layperson doesn’t understand the intricacies to save themselves money. Finding out your insurance won’t pay out in a personal injury situation can be a rude awakening, which is why we’re turning to our legal professionals to learn what customers should look for in liability insurance, before they need it.
Share your thoughts below:
How does insurance work in a personal injury situation?
What do most insurance plans cover? What gets left out?
How often do you see clients blindsided by their insurance coverage, or lack thereof?
What one thing should everybody look for in an insurance plan that they may not think about until it’s too late?
Does a client’s insurance situation affect how you handle a case?
We look forward to your advice on the complicated intersection between insurance and the legal system.
Please post your answers in the comment field below!
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