Charlotte, NC Law Firm
Car with a Damaged Rear Quarter Panel After an Accident
Looking for a Charlotte Car Accident Lawyer Near You?
Call Today!
Car with a Damaged Rear Quarter Panel After an Accident

Who Pays For a Car Accident Settlement?

When you are involved in a car accident, you will likely be asking yourself, "Who pays for a car accident settlement?" In most cases, this will be the insurance company of the at-fault driver. In some cases, however, your insurance may have to pay for some or all of your damages. This is done by your Uninsured/Underinsured motorist coverage. Here are some tips to remember.

Uninsured Motorist

Unsure if you can receive a car accident settlement without insurance? If the car and the individual who are at fault carry no insurance then your insurance will cover the damages under your Uninsured Motorist coverage. In those cases the car accident can result in a settlement offer only from your insurance. This amount is based on various factors, including the cost of medical bills, lost wages, and the repairs to your vehicle. Depending on how much insurance you carry, you should be aware that it might not be enough to cover your expenses.

Under Insured Motorist

If the car and individual who hit you have less coverage than is necessary to pay you for your damages, your Under Insured Motorist coverage can kick in for the amounts above the at fault’s insurance. In such cases you would be limited to the coverage that you pay for over and above minimum limits.

The amount of the compensation you actually receive depends on many factors, including the severity of the injuries you sustained. You should be compensated for pain and suffering, since and any lost wages. Also, if you sustained property damage, you should be compensated for that, as well. The insurance company has to set aside the proper settlement reserve.

At-fault driver's insurance company

In many cases, the at-fault driver's insurance company pays a car accident settlement. Your medical bills can quickly add up, but an experienced attorney will push the at-fault driver's insurance company to pay them on your behalf.

In addition to the costs of medical bills, car accidents also cause lost wages. If you are unable to work because of your injuries. In order to maximize your chance to be paid for these and other costs associated with car accidents you should contact a lawyer as soon as possible.

The Take Away

Uninsured motorist coverage pays for car crash settlements when the other driver does not carry bodily injury liability insurance. This coverage will reimburse you for any damages and expenses caused by the accident. Uninsured motorists may be difficult to track down, but you can still receive compensation. To qualify for UM, you must carry an insurance policy in North Carolina.

Underinsured motorist coverage is a great way to protect yourself in the event of a car accident that results in high damages. This coverage pays for damages caused by the negligent and underinsured driver and is available to any injured party who is not at fault and pays a premium to have their own underinsured motorist coverage. However, even this coverage is often not enough to cover the entire cost of an accident. To maximize your underinsured motorist coverage, contact your insurance company to discuss the details of your policy. Contact an attorney at Rosensteel Fleishman to discuss your car accident case.

Additional Car Accident Articles

June 4, 2024
Fatal Police Chases Increased in NC and Nationwide, Despite Calls for Fewer Pursuits

According to local news sources, the number of fatal police chases in North Carolina and across the nation has been rising, despite numerous calls to reduce such pursuits. Data from the National Highway Traffic Safety Administration (NHTSA) reveals a troubling trend: deadly police pursuits in North Carolina escalated from nine in 2018 to 22 in […]

May 28, 2024
Summer Marks the Start of the Deadliest Season for Teen Drivers

The Auto Club Group in the Carolinas has issued a stark warning about "The 100 Deadliest Days" for teen drivers, which spans from Memorial Day through Labor Day. This period is known for a significant increase in fatal car crashes involving teenagers. Statistics from the National Highway Traffic Safety Administration reveal that nearly half of […]

May 3, 2024
Is North Carolina a No-Fault State for Car Accident Claims?

Getting into a car accident can turn any day upside down. You may find yourself grappling with unexpected injuries, insurance hassles, and the stress of car repairs. In such times, knowing you have a trusted advocate can make all the difference. At Rosensteel Fleishman Car Accident & Injury Lawyers, we're here to lift that burden […]

May 2, 2024
How to Handle a Car Accident in North Carolina: Key Advice from Experienced Attorneys

Have you ever found yourself in the unsettling aftermath of a car accident, feeling unsure of your next steps? It's a scenario many face, yet navigating the legal landscape shouldn't add to the stress. At Rosensteel Fleishman Car Accident & Injury Lawyers, we understand how overwhelming this time can be and are here to help […]

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram