Policy Limits
Learn about Policy Limits and your legal options after an accident.
Insurance policy limits can cap the maximum amount available in a personal injury settlement. Even if damages exceed the policy, recovery may be limited by coverage unless additional policies or defendants are identified. Every insurance policy has coverage limits that define the maximum payout. If the at-fault driver carries minimal coverage, settlement may be restricted unless umbrella policies, employer liability, or uninsured/underinsured motorist coverage applies. Identifying all potential insurance sources is crucial in serious injury cases. Commercial policies often carry higher limits than personal auto policies. In some cases, assets beyond insurance may be pursued, though collection can be complex. Understanding policy limits early in the claim process helps set realistic expectations and informs negotiation strategy.
What to Do Next
Request policy disclosures early, review your own coverage, identify additional liable parties, and evaluate all possible insurance sources.
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