Car insurers have been sued for wrongful death lawsuits in cases where a car accident caused someone’s death. You can hire a Boise Idaho auto accident lawyer to save you from any such incident.
Car insurers will generally set aside a specific amount of money, called a reserve fund, to protect themselves from these types of claims. This is an amount that can be used to cover the costs of any lawsuits incurred by the company stemming from a single incident.
It helps reduce the financial burden on the insurance company while also helping to protect their assets and investments.
Unfortunately, it can sometimes lead to disputes between insurance companies and families of individuals who have been injured or killed in an incident directly linked to a car accident. Both sides of the argument may have valid reasons why they should or should not have been forced to pay out a specific settlement amount. Still, these disputes are often resolved through negotiation rather than through litigation.
Can someone sue you even if you have insurance?
Yes, if someone gets killed or injured in the accident, the person or the family of the person they claim was killed in the accident can sue you even if you have insurance. It is not easy to get over the death of a member of the family, so if your insurance company does not offer them enough compensation for their loss, they may sue you directly. This is why it is essential to have liability insurance on your car when driving on public roads. It protects you and other people going around you from being financially responsible for your fault accidents.
If you ever get yourself in a situation where someone has died because of a car accident that you were involved in, it can be an overwhelming time for anyone involved. You may find it challenging to find out information about the case, or you might be worried that other people will blame you for the accident. The last thing you want to hear is that the family of the person killed in your accident feels that they have no choice but to file a lawsuit against you because your insurance company did not offer them enough money to compensate them for their loss.
Nothing like this must happen! It can take years before a lawsuit reaches trial, so it is essential to protect yourself against having to pay out an excessive amount of money for any injuries or death stemming from a car accident.