Insurance Policy Limits

When you have been hurt in an accident caused by another party’s recklessness or negligence, you may be able to receive payment for your losses through a personal injury claim. Ohio personal injury attorney Victor Kademenos at Kademenos, Wisehart, Hines, Dolyk & Wright Co. LPA can help. He will evaluate your claim and work to obtain the best possible outcome. Call him today at (419) 625-7770.

Insurance Companies May Try to Limit Your Compensation

The reality is that most personal injury cases involve making claims against insurance policies. One of the key factors that can impact the amount of compensation available in a personal injury case is insurance policy limits.

The amount of compensation you can expect to easily recover through your personal injury claim will depend on the extent of your injuries and the insurance policy limits. Insurance policies have maximum amounts that the insurance company is required to pay out per accident or per person injured. These maximum amounts are referred to as insurance policy limits, and they can act as a limitation on what you can easily recover in damages. Any amount over those limits must be obtained in another way, such as through a personal injury lawsuit against the person responsible.

Because of these limitations, insurance companies and people who are at fault often try to minimize the losses you have received. They refuse to pay and deny claims whenever possible. In the face of this opposition, you need a personal injury attorney who knows how to negotiate and represent your rights in court, if necessary. Call Victor Kademenos at (419) 625-7770 or contact us online to find out how he can help you.

Some Basics About Insurance Claims

When an injured party files a claim for compensation against an insurance company, it will either be a first party or third party claim. The way you make a claim varies in each case.

First party insurance claims are between the insurance company and the policyholder. In other words, you are making a claim under your own insurance policy. An insurance policy is a contractual agreement between the insured/policyholder and the insurance company which establishes the terms and conditions of coverage.

Third party insurance claims, on the other hand, are made against someone else’s insurance policy. In personal injury cases, injured parties often end up filing third party claims against the insurance company of the at-fault party. For example, when you have been injured in a car accident that was caused by another driver’s negligence, you can file a third-party insurance claim against the at-fault party’s insurance company to seek compensation for your losses.

Kademenos, Wisehart, Hines, Dolyk & Wright Co. LPA has represented people with all types of insurance claims. They will negotiate with insurance companies and fight for your right to compensation in court, if necessary. Call Victor Kademenos today at (419) 625-7770 for a free consultation.

Motor Vehicle Accidents

Ohio requires that drivers have liability auto insurance coverage. Ohio recently raised the minimum liability coverage requirements to $25,000 per person injured in an accident and $50,000 for all persons injured in any one accident. The required minimum for property damage liability coverage is now $25,000.

If you have been injured in a motor vehicle accident, insurance coverage will likely play a significant role in your case regardless of whether you are making a claim against another driver’s car insurance policy or a trucking company’s commercial vehicle policy. Insurance policy limits are determined by the individual terms of the insurance policy and can exceed the required minimum coverage amounts.

Premises Liability

In a premises liability case, you could be making a claim against a business owner’s liability insurance policy or a homeowner’s insurance policy, depending on who is responsible for your injuries. The policy limits can differ based on the kinds of damages involved. In other words, there could be one limit for pain and suffering damages and another limit for medical costs incurred.

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