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Insurance Issues

Facing Insurance Issues in Automobile Accidents

If you have been hurt in an automobile accident, insurance issues will likely arise. The at-fault party is ultimately responsible to pay for all of the damage caused. These damages include obvious elements like lost wages and medical expenses. However, they also include less obvious harms and losses like emotional distress, inconvenience, and physical pain. Fuicelli & Lee, PC are experts in establishing damages and have extensive experience working with insurance companies.

The primary source of monetary compensation comes from the at-fault party’s insurance policy. Colorado requires individuals to carry a minimum of $25,000.00 of automobile liability insurance. However, when a lawsuit is eminent, determining how much insurance coverage is available is not as simple as you might expect. In, Colorado it is not required that the at-fault party disclose how much insurance is available before a lawsuit is filed. If a lawsuit is filed, the defendant must disclose available insurance 30 days after being served with the Complaint.

Plaintiffs’ lawyers and insurance agents certainly agree that everyone needs to be sure they have enough insurance to protect you and your family should the unthinkable occur. Unfortunately, there are many situations where the defendant’s insurance policy is not enough to fully compensate the plaintiff for the damages caused. When this situation occurs, there are several options available. For example, the legal representation can attempt to collect compensation against the at-fault driver’s personal assets.

In order to demonstrate how insurance policies work, consider the following example:

One of our personal injury attorneys, Keith Fuicelli, recently handled a drunk-driving case. The at-fault driver turned left on a red arrow and caused serious injuries to his client who was riding a motorcycle. The defendant only had $100,000.00 in insurance coverage. The defendant’s insurance company quickly offered to settle the case for the $100,000 policy limit. However, this was contingent upon the defendant being completely released of all personal financial responsibility. When Keith researched the amount of equity the defendant had in her home, it became clear that the defendant had significant assets to pay his client any judgment. After several months of intense litigation, the defendant wrote a check for an additional $100,000.00, from a second mortgage on the home, to settle the case. The attorneys at Fuicelli & Lee, PC believe in treating each case thoroughly and with determination. Let us be the experts in insurance issues for you.

If you have any questions regarding your case, please call or email us for a free case assessment. Fuicelli & Lee, PC is here to help.