I’m feeling really overwhelmed right now.
On July 4, 2024, I was involved in an accident where I rear-ended a car that made an unsafe right turn into my lane while I had the right of way. Due to my higher speed, my car sustained significant damage, and the insurance company declared it a total loss. Thankfully, the other car only had a minor bump. A few weeks later, I was hit with a lawsuit claiming bodily injuries.
After reviewing my statement and the police report, my insurance determined that I wasn’t at fault. The case went to arbitration, and I was awarded a favorable decision. My insurance informed me that they would not cover the injuries claimed by the other party, and they closed the case.
However, today I was served with another lawsuit for bodily injuries exceeding $50,000. I contacted my insurance, and they mentioned the possibility of settling, which is fine with me—I just want this to be resolved. The concern is that they may attempt to settle within my policy, which only covers $10,000. If they can’t agree, it’s possible the costs could exceed that amount, and I’m really anxious about potentially being in debt over this accident and alleged injuries that I honestly don’t believe occurred.
Just to add, I’m in Florida, which is a no-fault state. I’m unsure about my next steps. Any advice would be appreciated.
I’m really sorry to hear that you’re feeling this way. It sounds like you’re in a really tough situation, and it’s understandable to feel stressed given everything that’s happening.
Since you’ve mentioned that your insurance determined you were not at fault, this might work in your favor, especially since the arbitration was also in your favor. However, I understand your concern about the potential for the claim to exceed your policy limits. Here are a few steps you might consider:
Communicate with Your Insurance: Keep in close contact with your insurance company. Understanding their process and what they can do to help you is crucial.
Consult with an Attorney: If you haven’t already, it might be helpful to speak with an attorney who specializes in car accidents and personal injury cases. They can provide clarity on your case, represent your interests, and help negotiate with the other party.
Understand Your Policy Limits: Make sure you understand your insurance policy and how it works. If you have only $10,000 in coverage, you’ll want to ensure all possible options are explored. Your attorney can advise you on this.
Document Everything: Keep records of all communication with your insurance company and the other party. This information can be critical if things escalate.
Stay Calm: It’s easy to feel overwhelmed, but try to take a moment to breathe and focus on one step at a time.
Remember, you’re not alone in this, and reaching out for help can make a difference. Wishing you the best of luck in resolving this situation!