Car Insurance Claim Exceeds Policy Limits Houston Car Accident Lawyer

Car Insurance Claim Exceeds Policy Limits – Houston Car Accident Lawyer

Seeking a Free Consultation with one of Texas’ Houston Car Accident Lawyers? Call the Houston Car Accident Lawyer Reshard Alexander today at 713.766.3322.

When Your Houston Car Insurance Claim Exceeds Policy Limit

If you have been injured in a car wreck, you may have already heard the term policy limits being thrown around by the insurance adjusters and lawyers. What does that mean, and how does it affect your claim?

Insurance is not infinite. There is a set amount designated as the most a carrier will pay out on a claim. The number varies depending on the type of coverage. Houston car accident lawyer Reshard Alexander will be happy to assist you in figuring it out if you were injured in an accident and are trying to recover your medical expenses from an at-fault driver.

Policy Limits
Policy limits are presented as two numbers. Texas law has set the minimum amount of liability coverage at 30/60/25, so let’s use that as our example. If you are hurt in an accident where the driver has opted for the minimum amount of liability insurance, then regardless of the number of your bills, his insurance company is only obligated to pay out $30,000. This is a per-person amount for bodily injury. Unless he has other assets, there may not be much else you can do to him.

The second number, 60, is per accident. So if a driver runs a red light and causes a wreck that injures 5 people, the insurance company will only pay out up to $60,000. It can be complicated trying to work this all out with the other drivers’ insurance company, which is why we recommend utilizing a car accident attorney.

What if your medical expenses totaled $50,000 and their policy limit is $30,000? You are allowed to file a claim against your own insurance company to make up the difference. Hopefully, you sign up for uninsured/underinsured motorist coverage.

The last number is the property damage amount. The insurance company is only required to pay out a maximum of $25,000 for all property damage caused in an auto accident with a minimum liability policy.

Seeking a Free Consultation with one of Texas’ Houston Car Accident Lawyers? Call the Houston Car Accident Lawyer Reshard Alexander today at 713.766.3322.

Houston Car Crashes – When Your Houston Car Insurance Claim Exceeds Policy Limit
A smart Harris County motorist opted for higher uninsured/underinsured motorist coverage. When he was struck by another vehicle in an intersection, the cost of his injuries exceeded the $30,000 liability policy of the other driver by $59,000. Not including the cost of his future care as a result of permanent disability. His own insurance company agreed to a $500,000 settlement amount on top of the $30,000 that had been paid by the at-fault driver’s insurance company. The fact that he had the foresight to prepare for a worst-case scenario not only ensured that the medical bills were paid, but that he was also compensated for future expenses. Had he not, he would have been left with a debilitating injury and a hospital bill balance of $9,000.

When considering the amount of coverage you need, consider all of your assets and make sure your policy limits equal or exceed them.

There are other options available to you besides just what a liable motorist can be forced to pay. If you sense that his insurance will be inadequate in relation to your expenses, consult with a Houston car crash attorney before giving up.

Seeking a Free Consultation with one of Texas’ Houston Car Accident Lawyers? Call the Houston Car Accident Lawyer Reshard Alexander today at 713.766.3322.

Contact a Houston Car Accident Lawyer Today
You should discuss your situation with Big Rig Bull Texas truck accident lawyer Reshard Alexander today if you feel your insurance carrier is being unfair or unreasonable. You may be entitled to additional compensation beyond what is outlined in your policy.

Legal Help
If you have been involved in a car accident in the state of Texas due to the negligence of another driver, you will benefit from discussing your case with a qualified Texas Car Accident Lawyer.

To speak with Houston car accident lawyer Reshard Alexander call me today. I can evaluate your case for free and help you determine what the best course of action will be moving forward.

Car Insurance Claim Exceeds Policy Limit Houston Car Accident Lawyer

Seeking a Free Consultation with one of Texas’ Houston Car Accident Lawyers? Call the Houston Car Accident Lawyer Reshard Alexander today at 713.766.3322.

It is advisable to consult Houston truck accident attorney Reshard Alexander who will help determine liability and the right compensation amount that you should get for your injuries. The insurance company of the at-fault driver may not be willing to pay for damages and I can help you with the negotiation process. Call Attorney Reshard Alexander today for a free consultation.

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Attorney Reshard AlexanderBig Rig Bull Texas Truck Accident Lawyer represents clients in all Texas counties, including: Harris County, Montgomery County, Fort Bend County, Brazoria County, Galveston County, Chambers County, Liberty County, Jefferson County, Grimes County, and Waller County; and all Texas cities, including: Houston, Aldine, Algoa, Alief, Alvin, Anahuac, Angleton, Atascocita, Bay City, Bayou Vista, Baytown, Bellaire, Brazoria, Brenham, Brookshire, Bryan, Cedar Creek, Waller County, Channelview, China TX, Clear Lake City, Cleveland TX, Clute, Columbus, College Station, Conroe, Crosby, Cypress, Dayton, Deer Park, Dickinson, Eagle Lake, East Bernard, Edna, El Campo, Elmgrove, Flatonia, Freeport, Fresno, Friendswood, Fulshear, Galena Park, Galveston, Ganada, Garden Villas, Hardin, Hempstead, Hillcrest, Hitchcock, Houston, Humble, Huntsville, Inez, Jacinto City, Jamaica Beach, Jersey Village, Katy, Kemah, Kingwood, La Marque, La Porte, La Salle, Lake Jackson, League City, Liberty TX, Liverpool, Livingston, Long Point, Louise, Longpoint, Lufkin, Magnolia, Meadows Place, Missouri City, Montgomery, Morgans Point, Moss Hill, Mount Belvieu, Nacogdoches, Navasota, Nassau Bay, Needville, Pasadena TX, Pasdena, Pearland, Port Bolivar, Porter, Prairie View, Richmond, Rosenberg, Rosharon, San Leon, Seabrook, Schulenburg, Sealy, Shenandoah, Shoreacres, Southside Place, Spring, Spring Branch Stafford, Sugar Land, Sunny Side, Texas City, The Woodlands, Todd Mission, Tomball, Waller, Webster, West Columbia, Wharton, Willis, Winnie, and Woodlands.