If you’ve been in an accident, you have probably asked, “Who is going to pay for my car?” or “Who is going to pay for my injuries?” Essentially, North Carolina is a “fault based” state, meaning everyone is required to carry liability insurance coverage. This coverage will pay if you are involved in an accident and it is your fault (meaning you are “liable”). Conversely, if you are injured in an accident as a result of someone else’s fault, you will be making a claim against their liability insurance coverage. You are entitled to be reimbursed for various things such as your property damage, medical treatment and bills, lost wages and pain and suffering to name a few.
Your liability coverage will cover you or any family member while using any automobile or trailer, and any person using your covered auto with your permission. In North Carolina, every vehicle is required to carry at least 30/60 in liability coverage. This means $30,000 to any one person injured by a covered driver or up to $60,000 for all injured parties combined, as a result of a single accident. While 30/60 is the minimum required to be carried, you can also see limits in the amounts of $50,000/100,000 and $100,000/300,000. If you are injured as a result of someone that has let their liability insurance lapse or fail renewal, then you may be covered by uninsured insurance. If the value of your injuries exceeds the amount of liability coverage available, you may be covered by underinsured insurance.
Our biggest advice… do NOT settle your claim with the liability insurance company until you are 100% recovered from your injuries or you have been given a permanent impairment rating by your doctor (at which point you will have a future damages claim). Because once you settle your claim, you are forever barred from coming back and making additional claims. For additional information on insurance tactics designed specifically to get you to waive your legal rights, read about Insurance Quick Hit Squads.
There are a lot of other types of insurance that may or may not apply to your claim. If you ever have any doubts as to the insurance that is available to you, contact a qualified attorney to discuss your rights. You can contact us to answer any questions you have, for free, via our website at www.defendmyrightsnow.com.