Third-party liability insurance coverage pays for damages caused by the policyholder to another party. Accidents involving a third-party (the first two parties being the policyholder and the insurance company) include many car accidents or premises liability issues (slip and fall on someone’s property, for example). Here, I discuss the importance of this type of injury insurance from the perspective of an Orlando personal injury lawyer.
So, what is third-party liability auto insurance?
There are generally two types of third-party liability insurance coverage for automobiles: bodily injury and property damage. Bodily injury insurance covers any medical expenses incurred by others involved in a car accident caused by the policyholder.
Property damage pays for the other party’s property damage, such as a:
- telephone pole;or
- even someone’s home.
These two types of insurance are required in most states. Florida is a no-fault state, though, so bodily injury liability coverage is not a requirement for most drivers. Personal Injury Protection is required in Florida and covers injuries suffered by the policyholder regardless of fault. Property damage liability is required, though, and many still choose to purchase bodily injury liability.
Accident victims who are struggling to recover fair compensation may want to utilize an Orlando personal injury lawyer, like myself, who can provide assistance in establishing the other party’s negligence and the injured party’s right to compensation under the injury insurance policy.
Next Let’s Look at Third-Party Liability Homeowners Insurance
Third-party liability coverage can extend to the home as well. Many people invite friends, family and neighbors to their homes regularly for social gatherings. What would happen if someone were to trip and fall because of your negligence, like failing to clean up a spill in the kitchen? What if a child is bitten by a dog on your property?
Injury insurance on a homeowner’s insurance policy may pay for expenses and losses associated with the injuries, allowing those who are injured to recover compensation to cover their damages.
This is How Recovery of Damages through Injury Insurance Works
Third-party liability insurance can help policyholders avoid costly lawsuits in many cases in addition to allowing the injured party to recover compensation for his or her damages. An Orlando personal injury lawyer can be helpful to accident victims exploring their options to recover under the negligent party’s injury insurance plans.
Compensation may be sought for:
- medical bills;
- lost wages;
- property damage;and
- rehabilitative or other related expenses.
And if the insurance company fails to offer an adequate settlement, an Orlando personal injury lawyer can be helpful in negotiating further or taking the case to court if necessary.
Contact an Orlando Personal Injury Lawyer for Help with Third-Party Insurance
Having third-party liability insurance may prove helpful for a negligent party liable for the victim’s injuries, and it can allow the victims to avoid financial stress that comes with serious injuries that result in significant expenses and losses. I’m a Florida personal injury attorney who can help you understand your legal rights if you’ve been injured because of another party’s negligence.
Contact me, Michael T. Gibson, today at (407) 422-4529 for a free consultation regarding recovery from third-party liability insurance coverage.