Most #insurancepolicies have an agreedupon maximum amount that they will cover for the policyholder. The #insurance policy will pay up to that agreedupon amount, but then the rest would be up to the policyholder to pay. That is called an insurance policy limit. And if you need to sue another individual and make a claim on their insurance, you too will be affected by the insurance policy limit.

If you’ve been injured, and another party is at fault, you have the opportunity to receive compensation by the opposing party’s insurance company, up to their insurance policy limit. But what if that isn’t enough money? Can you recover more than the insurance policy limits? Luckily, in the state of #Florida, there are ways to bypass those insurance policy limits.

In order to recover more than the insurance policy limits, you can file what’s called a #Civil Remedy Notice. However, this isn’t a guaranteed way to get more money. There are very strict requirements to bypass insurance policy limits, and the paperwork must be filled out properly in order to have a chance at succeeding. That’s why it is strongly recommended that you employ the help of a qualified attorney, like those found here at Beers & Gordon, to help you maximize your chance to get the Civil Remedy Notice enforced.

That being said, not every case warrants getting up to the insurance policy limit, let alone exceeding it. On the flip side, if the case goes to trial a jury could award far more than the insurance policy limit. This is because the jury is not told what the insurance policy limit is. They could award damages for millions of dollars above what the insurance policy limit is. But even in this situation, the insurance company would look to only pay whatever the insurance policy limit is.

Insurance Policy Limits can also become even more confusing when there are multiple #injured parties involved. This is why it is so important to have a professional attorney representing you. Someone who understands the nuances of the law, the insurance policies, and the best way to make sure you are compensated properly after being injured by a #negligent third party.

0:00 Intro
0:12 Can you sue an insurance company for more than your policy limits?
2:03 Will insurance companies pay policy limits on a personal injury claim?
3:21 What is the max you can get from a car accident settlement?
5:04 How much do insurance companies pay for personal injury claims?
7:59 What does perperson peraccident mean?
10:10 What is the value of pain and suffering?