DO YOU NEED A LAWYER IF THE INSURANCE COMANY OFFERS THEIR POLICY LIMITS?

The answer to this question depends on the situation. In other words, sometimes yes and sometimes no. The Rochlin Law Firm gets called with this question pretty frequently. It is alwas a good idea to at least talk to a lawyer before agreeing to anything. Before agreeing to anything, you need to confirm that they have really offered their policy limits. Sometimes, the driver of the car and the owner are different people. Therefore, they may each have an insurance policy that could provide coverage to you. Also, sometimes the drive or owner of the vehicle has an unbrella policy. The insurance company doesn’t always disclose that information.

However, it is more than just verifying they have offered you all their insurance coverage. First, you most likely have underinsured coverage on your own vehicle. Even if you are a passenger, the insurance for the vehicle you were in will provide underinsured coverage to you. If you accept an early settlement from the other vehicle, you could lose your right to underinsured coverage.

Another consideration is subrogation. Subrogation referes to the money you have to pay to your health insurer out of your settlement to reimburse them for what they have paid. If you don’t pay subrogation, you could jeopardize your future health insurance benefits.

There are also other requirments if the victim is killed in the accident or is a child.

CAR ACCIDENT LAWYERS FOR MINNESOTA

If you were seriously injured in a car accident, or a family member was killed, call the Rochlin Law Firm for a free consultation. Even if the other driver’s insurance has offered their policy limits, you should still consult with a lawyer. Our lawyers have more than 25 years’ experience representing injury victims throughout Minnesota. We will answer your questions and explain your rights with no obligation. Further, we never charge anything unless you receive compensation.