Factors that Determine Your Auto Insurance Policy Payout

When one joins an insurance company and insures him/herself against an accident or personal injury, for instance, he/she usually has high expectations of the compensation to receive when they make a claim. Many people have never known that insurance policy payout usually depends on a wide range of factors. Note that, it does not necessarily involve summing up your own medical bills and then you submit it to your insurer and be compensated for your pain and suffering. You need to hire a good car accident lawyer to fight for you and to help you accomplish your goals.  Having said that, I am going to provide comprehensive details on factors that determine your insurance policy payout. They are not limited to the following.

1. How Extreme Your injuries Are
Severe personal injuries usually increase the amount of insurance payout you will receive. For instance, a mental injury that leads to trauma in your brain will require more medical expenses plus suffering and pain benefits as compared to an injury that occurs on soft tissue. In places such as Michigan, it’s at times hard to win more injury benefits from an insurance company based on the fact that most of them have a threshold that your personal injuries must pass in order to file the claim as a lawsuit. This involves proving that your personal injury is an extreme impairment to the functions of the body or you got a lasting disfigurement for you to be compensated. The good thing is that you will not lose everything as you are entitled to get the first benefits that caters for your medical expenses and lost wages even when you cant meet some requirements.
2. Liability
In Michigan for instance, you require a good lawyer in a lawsuit for you to win a higher insurance payout for your personal injuries. Here, if you obtained an injury in an accident while driving, you have to prove that the other driver in the other car was at fault. To get suffering and pain suffering payout, you have to show with evidence that the negligence of the other driver(a minimum of 50%) led to your injuries. The good thing is that since the state is of no fault, you will still get your lost wages and medical expenses even when you were at fault.
3. Location of the accident
The setting of the accident normally plays a key role in determining your payout. This usually relies on the country or city where you are driving. Payout in a lawsuit is always attributed to many reasons that include: metropolitan region’s income, cost of living among other factors. But when get a good lawyer you will be compensated fully regardless of the scene of the accident.
4. Comparative Fault
Some states like Michigan are not fully a comparative fault state. The ratio of a fault of the drivers when an accident occurs and causes personal injuries will always determine your insurance payout. This often occurs in a scenario where you file for benefits for that party in a lawsuit by suing the other driver who was at fault. Compensation in a lawsuit will always depend on the fault percentage in which you got involved. Here, comparative fault will play a significant role in your payout.
Other factors that can be a great determiner for insurance policy payout include medical costs, a limit in the insurance company’s policy among others. I recommend you to consult best car accident lawyers who will help you receive insurance payout that you deserve without many struggles.
2019-02-25T14:10:41+00:00