Q. I was paralyzed after a speeding car hit me head-on. How can I make sure there is enough insurance to pay my claim in full?
A. The challenge is to determine all funds available. First, think of all possible defendants. For example, if the other driver had been drinking, you may have a claim against the tavern that served him. Did the driver own the car? Was he driving on the job?
Some individuals and companies carry several insurance policies, including an “umbrella” policy. Ask for certified copies of all policy declaration sheets, which state limits of coverage. If coverage is inadequate, then evaluate the personal or business assets of all liable parties. Check your own underinsured motorist coverage. You may qualify for state Welfare, Medicare, Social Security Disability, or Crimes Victims Fund.
You should get expert legal advice to handle this process for you since your settlement will affect the rest of your life.