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What Happens When Car Accident Claim Exceeds Insurance Limits

When What Happens When Car Accident Claim Exceeds Insurance Limits you get in a car accident, you likely have a few questions: Who is responsible? Who pays the damages? What are my options? Unfortunately, these questions can quickly become complicated if the accident claim exceeds your insurance limits. In this blog post, we will explore what happens when this happens and how you can protect yourself from becoming a victim of over-insuring.

What is an insurance limit?

If you are injured in a car accident and the damages you suffer exceed your personal insurance policy’s limit, you may be able to file a claim with your insurer. Your insurer will then decide if they will cover the additional expenses. If your insurer denies the claim, you may be able to appeal their decision.

How does an insurance company determine if an accident claim exceeds their insurance limits?

Insurance companies use a number of formulas to determine if an accident claim exceeds their insurance limits. One common method is to compare the total amount of damages claimed to the policy’s Maximum Limits. If the claim exceeds these limits, the insurance company may deny coverage or require additional proof of damage before paying out on the claim.

What happens if an insurance company denies a car accident claim due to the victim exceeding their insurance limits?

If you are a victim of a car accident and the insurance company denies your claim due to you exceeding your personal liability limits, then you may have the option to sue the insurance company. In most cases, an insurance company cannot deny a car accident claim based on whether or not the victim has enough money in their policy. The only thing that can stop an insurance company from paying out on a car accident claim is if the victim fails to show proof of insurance at the time of the accident.

What can you do if you believe that your car accident claim has been denied because of excessive damages?

If you believe that your car accident claim has been denied because of excessive damages, there are certain things that you can do to try and prove your case. First, you should gather as much evidence as possible to support your case, including photos, videos, and eyewitness testimony. Next, you should contact an attorney to help with the legal process. Finally, you may want to consider filing a formal appeal if the initial claim denial is not enough to win your case.

Conclusion

If you have been in a car accident and found yourself with extensive injuries, it is important to know your rights and understand the process of filing What Happens When Car Accident Claim Exceeds Insurance Limits a claim. Once you determine that you have a valid claim, be sure to contact an experienced car accident lawyer who can advise you on the What Happens When Car Accident Claim Exceeds Insurance Limits next steps. Claims can often exceed insurance limits, so don’t hesitate to seek help if you feel overwhelmed.

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