Car accident settlements and car insurance are some of the things that you will need to deal with in the aftermath of a collision. It may be a distressing time, but it is important for you to understand your rights and options to avoid being overwhelmed. So, let us provide you with the necessary information to navigate these processes with confidence.
Understanding Car Accident Settlements
A car accident settlement is a resolution reached between parties involved in a car accident, usually involving compensation for injuries, property damage, and other losses.
In Arizona, car accident settlements go through the processes of negotiation, mediation, or as a result of a court trial.
It is important to assess the value of your claim by considering factors such as medical expenses, property damage, lost wages, pain and suffering, and future damages.
Fault and Comparative Negligence in Arizona
Arizona follows a comparative negligence system. If you are partially at fault for the accident, this may reduce the compensation that you will receive.
If you are found to be less than 50% at fault, you can still seek compensation for your damages. However, your total award will be reduced by your assigned percentage of fault.
Statute of Limitations
It is crucial to be aware of the statute of limitations in Arizona, which sets a time limit for filing a personal injury lawsuit after a car accident. In Arizona, the statute of limitations is typically two years from the date of the accident.
Working with Insurance Companies
Insurance companies play a significant role in car accident settlements. Promptly notifying your insurance company about the accident is important.
Be cautious when dealing with insurance adjusters, as their primary goal is to minimize the amount of money the insurance company has to pay out. Consider consulting with a personal injury attorney before accepting any settlement offer.
Car Insurance in Arizona
Mandatory Insurance Requirements
In Arizona, it is mandatory for all drivers to carry liability insurance coverage. This includes bodily injury and property damage liability. The minimum insurance coverage required in Arizona is as follows:
- $25,000 for bodily injury per person
- $50,000 for bodily injury per accident
- $15,000 for property damage
Optional Insurance Coverage
While Arizona law only requires liability coverage, we highly recommend you to consider additional optional coverages. This includes uninsured/underinsured motorist coverage, medical payments coverage, and collision/comprehensive coverage to protect yourself and your vehicle.
Uninsured/Underinsured Motorist Coverage
Uninsured/underinsured motorist coverage protects you if you are involved in an accident with a driver who has insufficient or no insurance coverage.
This coverage can help pay for medical expenses, lost wages, and other damages resulting from the accident.
Medical Payments Coverage
Medical payments coverage (MedPay) can be beneficial in covering medical expenses for you and your passengers, regardless of who is at fault in the accident.
Navigating car accident settlements and car insurance in Arizona requires a solid understanding of the legal and insurance aspects involved. You need to familiarize yourself with the settlement process. By being aware of your rights, and understanding the insurance coverage options available to you, you can better protect yourself in the event of a car accident. Remember, seeking professional legal advice and guidance from a personal injury attorney can provide valuable assistance throughout the process. Hence, ensuring that you receive the compensation you deserve.
