Learn about what you should do if it is discovered that the at-fault driver in your auto accident maintains multiple insurance policies that could help to pay for some of your damages and injuries.
How to Navigate Through Multiple Settlement Offers from Insurance Companies
If the at-fault driver in an auto accident has more than one insurance company, or if there is another special situation revolving your accident claim, you may find yourself dealing with multiple settlement offers. This can be a tricky process that involves a lot of paperwork and time. If you are unsure of how to navigate through multiple settlements on your own, injury lawyers may be able to represent you.
Get the Insurance Company Details
At the scene of the accident, it is important to get the other driver’s name, contact information and details of their insurance policy. You will need to have their insurance company name, policy number and some details about their vehicle. The company itself may be able to tell you what coverage applies to your auto accident, such as MedPay for your medical bills or collision for your vehicle damage. In addition to dealing with that insurance company, you may also be dealing with your own insurance policies. In the case of a multi-vehicle accident, there may be several drivers and policies to consider.
Get the Police Report
The police report generally determines who was at fault in the accident. If no party was more than 50 percent at fault, you may not be eligible for a settlement from any other driver’s insurance company. If another driver is more than 50 percent at fault, then their policy may offer you a settlement.
Get an Affidavit
If you suspect that the at-fault driver or drivers have more than one insurance company, an attorney representing your case may be able to file an affidavit. This legal document would require the other parties to state their insurance relationships so that you know how to proceed with any settlement negotiations. The affidavits can also protect you if another insurance policy is discovered before you settle your case.