A Back Injury Attorney in Phoenix AZ typically negotiates with automotive insurance companies to obtain deserved financial compensation for clients. A person who has not yet hired a lawyer and believes a settlement offer is too low may want to consult with a law firm and see whether this is indeed the case. One factor that must be considered is whether the insurance policy in question has certain limitations that will restrict the amount the person can be paid.
Arizona is a “fault” state in regard to automotive insurance. This means that the person who caused the accident is liable for damages. In no-fault states, an injured person turns to his or her own insurance policy for payment, even when someone else caused the collision.
The other driver’s insurance policy will have some sort of maximum amount set that can be paid out. This means that if the insurance company has a maximum payout of $35,000, that amount is the top dollar the injured person can be paid under the policy. However, the injured person may still have the option of filing a lawsuit.
A Back Injury Attorney in Phoenix AZ may accept this individual as a client if the driver who caused the accident has enough assets to justify suing. This option to sue is the primary reason that people with assets should carry enough insurance to cover serious damages if they caused an accident. Otherwise, they risk losing real estate, stocks and bonds, savings accounts and other assets in a lawsuit.
People who have this sort of financial standing usually do buy insurance policies that protect them. The insurance policy may cover $100,000 or $300,000 for certain types of damages, for example. Now, if the insurer has only offered a settlement of $35,000, a lawyer can write a letter of demand requesting more if the situation warrants this. In many instances, the client only needs a lower amount to pay for medical bills and lost wages if the injury wasn’t particularly severe. No matter what the circumstance, an injured person may want to contact an organization such as Garrison Law Firm to schedule a free consultation. Browse the Site to learn more.