What Happens When a Car Accident Claim Exceeds Insurance Policy Limits in NC

Car accidents can result in significant damages, including medical expenses, lost wages, and pain and suffering. In North Carolina, all drivers are required to carry a minimum amount of auto insurance to cover these potential costs.

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However, what happens when the damages from a car accident exceed the at-fault driver's insurance limits?

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This is a common concern for individuals involved in serious accidents, and understanding the legal options available in such situations is crucial.

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When a car accident claim exceeds the at-fault driver's insurance limits in North Carolina, the victim may pursue an "excess verdict."

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This legal term refers to a situation where a jury awards damages that surpass the at-fault driver's insurance coverage. In such cases, the victim can seek additional compensation directly from the at-fault party. This can involve further legal action and may require the assistance of an experienced attorney to navigate the complexities of such a claim.It's important to note that pursuing an excess verdict can be a challenging process.

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The at-fault party may not have sufficient personal assets to cover the excess damages, making recovery difficult. However, an experienced personal injury attorney can help explore all available options for recovering the full extent of the damages suffered in the accident.In some instances, other sources of compensation may be available to cover excess damages.

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For example, if the at-fault driver was operating a vehicle owned by their employer at the time of the accident, the employer's insurance policy may provide additional coverage. Similarly, if the accident occurred on commercial property, such as a business parking lot, the property owner's insurance policy could potentially contribute to covering excess damages.

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Navigating the aftermath of a car accident that exceeds insurance limits can be complex and overwhelming. Seeking legal guidance from a knowledgeable personal injury attorney is essential to understanding your rights and options for pursuing full and fair compensation. An attorney can assess the specifics of your case, identify all potential sources of recovery, and advocate on your behalf to ensure you receive the compensation you deserve.

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At Hall & Dixon, PLLC, our experienced team of personal injury attorneys is dedicated to helping car accident victims navigate the legal complexities of pursuing compensation beyond insurance limits. If you find yourself in such a situation, we are here to provide compassionate support and aggressive advocacy to protect your rights and pursue the full extent of the damages you have suffered.

Contact us today for a comprehensive evaluation of your case and personalized legal guidance.