No one plans to get into a car accident. As such, there are many Americans, particularly those on tighter budgets, who opt for the lowest priced motor insurance policies that only meet state minimum liability requirements. In Nevada, that minimum required amount of auto insurance coverage is $15,000 per person with a total maximum of $30,000 per incident and as much as $10,000 for property damage to be paid out to accident victims only if the policy holder is found at-fault.
So what happens if you get in an accident and the other at-fault driver only has this basic 15/30/10 policy, but that amount doesn’t cover all of your damages? Remember, the underlying purpose of liability vehicle insurance is to provide financial and legal protection following an at-fault accident. If your damages exceed what the at-fault driver’s insurance is willing to pay, then your primary recourse is through civil litigation. The following is a quick look at insurance laws and what our personal accident attorneys in Las Vegas can do to help you recover total damages.
Begin By Looking at All Applicable Policies
The first step you want to take is to claim all you can with the at-fault driver’s insurance policy. If you have uninsured or underinsured motor vehicle coverage, that policy should cover most, if not all, of your bills related to the accident (medical, lost wages, property) not covered by the at-fault driver’s insurance.
There may also be other available insurance policies available to provide coverage, such as policies covering resident relatives of the at fault driver, and the at fault vehicle owner’s policy.
Going After Assets
Thus, if after you have factored in all the applicable insurance policies and still find you have lost or owe money because of an accident that was not your fault, then the next step is to consider whether or not to go after assets beyond coverage offered by the at-fault driver’s insurer.
Personal accident attorneys in Las Vegas begin this process by determining the amount and type of assets held by the at-fault driver and whether or not their insurers should have paid more out to cover your damages. This is often followed by litigation.
Contact GGRM, the Personal Accident Attorneys in Las Vegas
If you have been in an accident and the faulty parties insurance doesn’t cover the policy limit, contact GGRM, the personal accident attorneys in Las Vegas, at 702-388-4476 for a free case consultation. GGRM has been helping clients through litigation for over 40 years and will help you receive the compensation you deserve.