How to Settle Auto Accident Claims with Multiple Parties?

If you have been injured in a car accident in Kentucky and there are multiple parties that were injured, how can such a case be resolved. The first thing most people need to understand is that your claim is limited by the amount of insurance available to satisfy that claim. There is no magical fund to compensate for the injuries caused by others. If the other party has no insurance and you do not have uninsured motorist coverage, you will receive nothing for your injuries. It is unfortunate, but true.

If you are fortunate enough that the party causing your injuries in a motor vehicle accident has insurance for your claim, what do you do if there are multiple parties that were injured and have claims competing with yours for the same insurance money. Recently I had a case where I represented 6 people injured in the same accident and the total amount of insurance was $25,000.00. Fortunately, all of the people injured were part of the same family and easily agreed on how to split up the insurance money. If you cannot agree with the other parties on how to split up the insurance money, then you will have to litigate the matter and a jury will decide for you. Typically, when there are multiple parties and limited insurance, the limited insurance is split up based upon the value of each claim. The person with the more valuable claim will receive a greater percentage of the limited insurance.

One way of protecting your self from limited liability insurance is to purchase underinsured motorist coverage that will allow you to make a claim against your own insurance to make up for the limited liability insurance available to satisfy your claim. To learn more about underinsured motorist coverage click here.

If you need help with your auto accident, contact the Troutman Law Office at 502-648-9507 or 859-696-0001 and we can help you get the best result for your claim.


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