Unpacking Insurance Company Liability Limits in Commercial Trucking Accident Claims

Commercial trucking accident claims can be a complex landscape to navigate, particularly when it comes to understanding insurance company liability limits. These limits, which set the maximum amount an insurance company is required to pay towards a claim, can have significant implications for victims seeking compensation.

Exploring Liability Limits 

In most cases, the liability limits of an insurance policy are set when the policy is purchased. These limits are often influenced by factors such as the type of vehicle, its use, and the company's risk assessment. The higher the limit, the more the policy will cost. 

However, in a commercial trucking accident, the damage can be substantial, and the liability limit of the at-fault party's insurance policy may not be sufficient to cover all damages. This can leave victims struggling to cover medical bills, loss of income, and other expenses.

Examining Georgia's Regulations 

In Georgia, commercial vehicles are required to have much higher liability insurance than personal vehicles due to their potential to cause more damage in an accident. This is regulated by both the Federal Motor Carrier Safety Administration (FMCSA) and the Georgia Department of Public Safety. Still, these minimum required limits may not always cover the full extent of damages in serious accidents.

Understanding the Role of an Attorney

Legal expertise can be particularly beneficial when dealing with commercial trucking accident claims, where the question of liability limits can play a crucial role. A skilled attorney can help you understand how these limits apply to your case, and can work to uncover all potential sources of compensation. 

For instance, if the at-fault party's insurance is not sufficient to cover your damages, an attorney can help explore other avenues. These might include your own insurance policy's underinsured motorist coverage, or potentially seeking damages directly from the at-fault party or their employer.

Walking Through the Legal Process 

The legal process following a commercial trucking accident typically starts with gathering evidence and establishing liability. This may involve reviewing accident reports, witness testimonies, and possibly engaging accident reconstruction experts. 

Next comes the claim process, where your attorney will present the evidence to the insurance company and negotiate on your behalf. If a fair settlement cannot be reached, the case may then proceed to trial, where your attorney will fight for your rights in court.

Even once a verdict is reached, your attorney can assist with the often complex process of actually collecting the compensation awarded, which can involve navigating the insurance company's internal processes, or potentially even further legal action if they refuse to pay.

Connect with Experienced Legal Counsel 

If you've been involved in a commercial trucking accident, the right legal support can make all the difference in securing fair compensation. To learn more about how an experienced attorney can help guide you through the complex landscape of insurance liability limits and commercial trucking accident claims, please visit the Lawyers page on this website. You don't have to face this battle alone.