I injured somebody in an accident. The insurance company refused to settle within my policy limits. The jury awarded damages in excess of my policy limits. Must I pay the excess instead of the insurance company?
If your insurance company failed to settle the claim within your policy limits when the other side would have agreed to settle, you are liable for the excess verdict. However, your insurance company’s action may have arisen to “bad faith”. IF the insurance company acts in “bad faith” then the insurance company ultimately could be responsible for paying the excess judgment/verdict.
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If you have been hurt, or a loved one has died, as the result of a car accident, you need the help of attorneys who have the experience and resources to protect your rights. Do not permanently lose your right to seek damages from those who caused you harm, call Hardison & Cochran, Attorneys at Law today.
Whether we’re gathering evidence by preserving accident records, consulting with you on legal strategies, or representing you in negotiations with insurance agents, our lawyers are always working with “Experience, Integrity and Personal Attention” to ensure that you receive the maximum compensation available to help in your recovery.
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