February 20, 2024
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When individuals experience personal injuries due to accidents, they often rely on insurance coverage to provide financial protection and compensation for their damages. However, in some cases, the available insurance coverage may not be adequate to fully address the extent of the injuries and losses suffered. Understanding the implications of insufficient insurance coverage is crucial for individuals pursuing personal injury claims in North Carolina.
In North Carolina, drivers are required to carry a minimum amount of auto insurance to cover potential costs associated with car accidents. The minimum auto insurance coverage includes $30,000 bodily injury coverage per person, $60,000 bodily injury coverage per accident, and $25,000 property damage coverage. While these limits are designed to provide financial protection, they may not fully cover the extensive damages resulting from severe accidents, especially when it comes to significant injuries and substantial property damage.
In situations where the at-fault driver does not have insurance or has insufficient coverage to pay for the damages, uninsured and underinsured motorist coverage (UM/UIM) can provide additional protection. This type of coverage can be invaluable in ensuring that individuals have access to compensation even when the at-fault party is unable to fully cover their losses. It is important for individuals to consider purchasing UM/UIM coverage to safeguard against the potential consequences of inadequate insurance limits.
When insurance coverage is not enough to address the full extent of the injuries and losses suffered, individuals may pursue legal action to seek additional compensation. In North Carolina, this can involve pursuing an "excess verdict," which allows individuals to seek additional compensation directly from the at-fault party when damages exceed the at-fault driver's insurance limits. However, pursuing an excess verdict can be a complex process and may require the assistance of an experienced personal injury attorney to navigate the legal intricacies and advocate for fair recovery.
Dealing with the aftermath of an accident where insurance coverage is insufficient can be challenging. Insurance companies may attempt to undervalue or deny valid claims, making it essential for individuals to seek legal guidance from a knowledgeable personal injury attorney. An attorney can assess the specifics of the case, identify all potential sources of recovery, and advocate on behalf of the injured party to ensure that they receive fair compensation for their injuries and damages.
At Hall & Dixon, PLLC, our team of experienced personal injury attorneys is dedicated to helping individuals understand their legal options when insurance coverage is not sufficient. I
f you have been injured due to someone else's negligence and are facing challenges related to inadequate insurance limits, we are here to provide compassionate support and aggressive advocacy to ensure that you receive the full extent of the compensation you deserve.In conclusion, understanding the implications of insufficient insurance coverage is essential for individuals pursuing personal injury claims in North Carolina. By being aware of their legal options and seeking the assistance of a qualified personal injury attorney when needed, individuals can protect their rights and pursue fair recovery even when insurance coverage is not enough.
[Reference: https://www.ncdoi.gov/consumers/auto-and-vehicle-insurance]
