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03-20-2005, 03:51 PM
| | Junior Member | | Join Date: Mar 2005
Posts: 1
| | | Auto Accident Claims (California)
I was just browsing different websites about auto accident lawyers saying that they can claim thousands (or millions) of dollars for personal injury claims related to auto accidents, for example, 5 million off of a $100,000 policy (or $750,000 from a $25,000 policy). I do not quite understand how this is done, or who you would claim money from. I know that you would first go after the insurance company for the party at fault, but what about the remaining 4 million? If this is done for the majority, if not all, auto accident claims, what is the incentive for paying a higher premium for auto insurance coverage? TIA |
03-20-2005, 10:27 PM
| | Senior Member | | Join Date: Oct 2001 Location: california
Posts: 7,789
| | | post a link to one of those websites with those claims.
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03-21-2005, 09:28 AM
| | Member | | Join Date: Dec 2004 Location: KY
Posts: 626
| | Quote: |
Originally Posted by AAvictim I was just browsing different websites about auto accident lawyers saying that they can claim thousands (or millions) of dollars for personal injury claims related to auto accidents, for example, 5 million off of a $100,000 policy (or $750,000 from a $25,000 policy). I do not quite understand how this is done, or who you would claim money from. I know that you would first go after the insurance company for the party at fault, but what about the remaining 4 million? If this is done for the majority, if not all, auto accident claims, what is the incentive for paying a higher premium for auto insurance coverage? TIA | You're very gullible aren't you? I got some swampland in FL I'd like to sell you too. |
03-21-2005, 10:14 AM
| | Member | | Join Date: Feb 2005 Location: Washington state
Posts: 105
| | I believe what the sites say is they can get a JUDGEMENT for that amount. getting the money above and beyond the coverage amount requires sueing the insured. Board? Am I right that if a judgement in favor of the insured is in the millions (as these sites "claim" they can get) that it can be bankruptsied? Quote: |
Originally Posted by Lynx 36 You're very gullible aren't you? I got some swampland in FL I'd like to sell you too. | |
03-21-2005, 10:45 AM
| | Member | | Join Date: Dec 2004 Location: KY
Posts: 626
| | Quote: |
Originally Posted by Starry809 I believe what the sites say is they can get a JUDGEMENT for that amount. getting the money above and beyond the coverage amount requires sueing the insured. Board? Am I right that if a judgement in favor of the insured is in the millions (as these sites "claim" they can get) that it can be bankruptsied? | If they have a judgement against the person, then they already sued and won. If a person can't afford decent insurance then they probably don't have millions sitting around. They file bankruptcy, and get out of it. |
03-21-2005, 10:46 AM
| | Member | | Join Date: Dec 2004 Location: KY
Posts: 626
| | Quote: |
Originally Posted by Starry809 I believe what the sites say is they can get a JUDGEMENT for that amount. getting the money above and beyond the coverage amount requires sueing the insured. Board? Am I right that if a judgement in favor of the insured is in the millions (as these sites "claim" they can get) that it can be bankruptsied? | If they have a judgement against the person, then they already sued and won. If a person can't afford decent insurance then they probably don't have millions sitting around. They file bankruptcy, and get out of it. To get anything over a million someone usually has to be dead, or close to it. | |
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