Car insurance usually covers the costs of car accidents, but sometimes the expenses can exceeds the insurance limits. This usually happens when there is a clear proof of serious injuries and big losses. It’s not very common, but it can happen.
On average, car insurance in the United States costs around $1,982 each year. Most people find this amount reasonable to make sure they’re protected in case of a car accident.
Our personal injury lawyer in Chicago might be able to assist you in getting fair compensation, depending on what happened in your situation.
What Happens When Car Accident Claim Exceeds Insurance Limits?
If the costs of a car accident exceeds your insurance covers, you might need to pay the extra expenses yourself. This doesn’t happen a lot, but when it does, it’s because the injuries or losses are really serious.
So, if your car accident claim is more than what your insurance can pay, you could be responsible for the additional money. It’s essential to have enough insurance to cover potential costs and avoid ending up with unexpected bills if something goes wrong on the road.
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