If you suffer serious injuries in a car crash that’s caused by a negligent, reckless or impaired driver, you may not be able to rely on their auto insurance to cover all of your expenses and financial losses (like lost wages). Even if you have uninsured/underinsured coverage, you may still be left with expenses you can’t cover.
If you or a loved one is dealing with injuries that will require rehabilitation, long-term treatment and potentially require finding a new occupation, will you have to file a lawsuit against them to recover the compensation you need to move forward?
You may not if they have an umbrella insurance policy. Increasingly, insurance agents are recommending these to their policyholders who have homes, boats and other assets they don’t want to risk losing in a lawsuit. They can give policyholders peace of mind and help those who have been injured by them or on their property get compensation without having to go to court.
Umbrella policies cover more than car crashes
In addition to covering car crash injuries caused by the policyholder, umbrella policies typically cover things like:
- Boat and other watercraft injuries
- ATV and other recreational injuries
- Injuries suffered on their property
- Injuries or damage caused by their child
- Dog bites and other injuries caused by their pet
If you’re injured in a serious crash caused by another driver, it’s crucial to determine the full extent of your injuries and damages before you settle with the driver or their insurance company. You don’t want to be left with bills you can’t cover. Having experienced legal guidance can help you get the compensation you need and deserve.