Before you settle your Michigan car accident you need to make sure that you have actual proof of the insurance policy limits. Under Michigan law, a vehicle owner must only maintain the minimum of $20,000 in liability coverage. The liability portion of the auto insurance policy is the provision that pays your personal injury settlement.
If a serious injury resulted from the auto accident, you need to be sure that the insurance adjuster is providing you with a truthful disclosure of the policy limits. We have seen many cases where the insurance company failed to tell the victim of the real policy limits or concealed information about other insurance policies that also would have provided a settlement payment. Without a qualified attorney on your side, you will probably never even know that you lost out on tens of thousands of dollars or more because you were misled about the insurance policy limits.
In addition to this, you may be missing out on other types of that you could pay you a substantial settlement, including:
- A separate insurance policy for the vehicle owner that caused the accident.
- An umbrella or excess policy that provides much higher coverage.
- Employer policy if the driver was working at that time of the accident.
- Underinsurance coverage in your own policy you may not even know about or understand how to get. If you accept a settlement without getting the written permission of your own insurance company first, you give up your right to get this additional compensation.
You should never settle your case without knowing the full insurance policy limits available to you. Many times, these limits are not even disclosed to us until after we file a lawsuit for our client. This is either because the insurance company did not provide truthful information or was unaware of the other potentially available policies.
If you were seriously injured in an auto accident, you need to know the insurance policy limits before you settle your case. We will get that information for you so that you can rest assured that there are no other polices that you missed out on. For more information about your rights after a Michigan accident and to speak with one of our expert attorneys, call us now at (800) 606-1717 or simply submit the Get Help Now form on this page and we will get back to you quickly.