$500,000 Underinsured Auto Accident Settlement in Irvine CA
Auto Accident, Irvine, CA- Jeffery Crissman, associate attorney at the Law Offices of Samer Habbas & Associates Inc. P.C. secured a settlement for $500,000.00 for a client who sustained neck and head injuries. Our client was rear ended and pushed into the vehicle in front of her while operating her vehicle on Culver Blvd. in the City of Irvine.
A claim was filed against the party that struck our client. The insurance coverage for that person was $100,000.00. State Farm Insurance refused to offer its insured’s maximum limits, making an offer below it. Mr. Crissman filed suit against that party and after litigation was commenced, State Farm settled for its limits of $100,000.00.
Fortunately for our client, she had an Uninsured/Underinsured Motorist policy that allowed her to recover up to $500,000.00. A claim was made with Nationwide, her insurance carrier. It initially refused to settle for its policy limits. Mr. Crissman again initiated litigation against a carrier on behalf of our client. Nationwide Insurance attempted to resolve the claim for below its policy limits by making an offer below it. Mr. Crissman refused to negotiate below their limits. Shortly thereafter, Nationwide offered the maximum amount under its policy.
This case is a prime example as to why operators of a motor vehicle should insure themselves with sufficient Uninsured bodily injury limits. In the State of California, an owner and/or operator of a motor vehicle meets the Financial Responsibility Laws of the state by carrying liability coverage that provides bodily injury limits in the amount of $15,000.00 for the death or injury per individual and $30,000.00 if there are multiple deaths or injured parties. Those minimal limits were set in the 1970’s and have yet to be adjusted for inflation. Many motorists in the State of California are either uninsured or carry very low limits. To protect yourself and your family, it is essential that you purchase an insurance policy that provides you with sufficient Uninsured/Underinsured limits.
Many people also hesitate in using an Uninsured/Underinsured policy because they believe that it may increase their rates. That is not true. When one files an Uninsured/Underinsured Motorist claim with that carrier, it will not increase your rates nor get you removed off your policy.
Here, our client was able to secure an additional $400,000.00 above the at fault party’s policy limits. Had she not had an Uninsured/Underinsured policy, the recovery would have been only 20% of what was secured.
If you or a loved one are injured in an automobile accident, please contact the Law Offices of Samer Habbas & Associates to pursue just compensation.