When another driver is at fault in an accident, you may sue for damages relating to the incident. Unfortunately, winning in court may not force the responsible party to pay. If the other party files bankruptcy, the debts relating to auto accidents may be discharged.
Debts Discharged Through Bankruptcy
Drivers who file for bankruptcy are often able to avoid paying for damages in auto accidents. There are a few exceptions, however. When a DUI (driving under influence) is involved or when there is malicious intent or reckless behavior on the part of the driver, bankruptcy may not protect the driver to avoid paying debts related to an auto accident.
There are other situations when an insurance carrier refuses to pay a judgment. In these cases, you need the help of an experienced auto accident attorney to discuss the possibility of filing a lawsuit directly against the insurance company.
The Importance of Uninsured/Underinsured Motorist Coverage
Since bankruptcy is a legal excuse and you cannot be assured that the 3rd party driver’s insurance has sufficient coverage limits, the only protection you have comes from the insurance policy you select. When selecting a policy, you should always select the highest possible Uninsured/Underinsured Motorist coverage you can afford.
Naturally, insurance that pays out higher maximum amounts comes at higher monthly premiums. These policies are not mandatory. However, when you consider the possibility of pay for damage to your vehicle or medical bills, you may decide the added fees every month are worth it. Take these factors into account when deciding on the right type of insurance.
You need a trusted auto accident attorney in Los Angeles when you find yourself in trouble after an accident. To get what you are entitled to, contact the professionals at West Coast Trial Lawyers for counsel. For further information or to schedule an appointment please contact us at (888) 539-9582 or visit www.WestCoastTrialLawyers.com.