Charlotte, NC Law Firm
704-714-1450
FREE CONSULTATION 24/7
Looking for a Charlotte Car Accident Lawyer Near You?
Call Today!
rear-courter-panel-car-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

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

January 31, 2023
How Long Does it Take to Get a Car Accident Settlement in North Carolina?

If you’ve been in an accident and are wondering about the insurance claim settlement process and timeline, you’re not alone.  Everyone involved in the incident wants to know how long it will take to work through the paperwork, phone calls, and added headache of resolving issues around damaged vehicles, insurance, and healing from injuries. It […]

January 24, 2023
Understanding the Most Common Types of Car Accidents in North Carolina

Car accidents can happen at any time to drivers who are new or have many years of experience. According to data from the North Carolina Department of Transportation, there were a total of 276,026 reported accidents in NC in 2021. Tragically, 1,783 people in a car, pedestrians or cyclists were killed in these accidents and […]

December 15, 2022
When do I Need a Lawyer to Sue Someone After a Car Accident?

A car accident is a collision between two or more vehicles that results in property damage, injuries, or death. Auto accidents can be caused by a variety of factors, including speeding, drunk driving, distracted driving, or poor road conditions. They can happen on any road, at any time, and can have serious consequences for those […]

December 9, 2022
7 Tips to Avoid Roadway Accidents While Traveling During the Holidays

The holiday season is a time to celebrate traditions, exchange gifts, and reconnect with family and friends. For many, this means hitting the highways for travel to and from family gatherings. While ‘tis the season to be jolly, the grim reality is that the roadways are particularly hazardous during the holidays and often become a […]

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