Car Accident Lawyers in Towson MD must stay up to date with the latest trends in personal injury law so they are completely aware of what to expect during the settlement process and in court. An injured person can only receive the maximum of the at-fault driver’s insurance policy, but the lawyer may be able to acquire more funds directly from drivers who own real estate or have other substantial assets.
Minimum Liability
Vehicle accidents tend to have the lowest financial compensation for injured persons because of this policy restriction. Policyholders can essentially choose any amount they want as long as long as it meets the state’s legal minimum for liability. In Maryland, the minimum per person in a collision is only $30,000. Medical expenses can easily run much higher than that.
Compensation in Addition to Insurance Payment
If an individual causes a serious accident and the injured person’s expenses are higher than the insurance policy maximum, that individual and his or her lawyer may agree to a settlement as additional compensation. Structured settlements are becoming more common in this type of situation so that the at-fault driver can make payments over time instead of having to come up with all the money at once.
Business Insurance
Some accidents are caused by driver operating vehicles owned by businesses. Big rig truckers, delivery drivers and sales reps are just a few examples. In these cases, Car Accident Lawyers in Towson MD will seek a reasonable settlement from the business and not from the individual driver. Business insurance policy maximums should be remarkably higher than those for most individuals since the policy must protect the assets of this organization.
Settlements
A large majority of injury cases are settled out of court by an organization such as the Law Offices of Markey & Orsi. Even when negotiations break down and a lawsuit is filed, a settlement usually is reached before the case actually goes to trial. This has been true for a long time, and the percentage of these cases is growing even higher. It is increasingly unlikely that an injury case will go before a judge and jury. See our website for details on this particular law firm.
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