Why Is the Insurance Available so Important in My Personal Injury Case?

The insurance available is a key factor in many, if not all, personal injury claims and lawsuits.  Often, particularly in a state like Florida where many motorists or other parties do not have insurance or have minimal insurance, if you are involved in a motor vehicle accident or other personal injury scenario, the insurance of the other parties that may have been involved or otherwise had some role in the incident in which you were injured is absolutely critical to your ability to fully recover your damages.  This is because insurance is the easiest source of proceeds to collect from on a judgment that you may obtain in your favor against whoever injured you or with which to negotiate a settlement with that person or persons.

If the person or people that injured you are uninsured or have minimal insurance, then you likely will have a very difficult time collecting on any judgment you obtain in your case against those persons and your chances of obtaining a settlement of the claim or case will be more difficult given that any money you will be entitled to will come out of these people’s pockets directly.  Given they were not carrying insurance or were carrying minimal insurance in the first place, then it may be likely that any attempts to obtain the proceeds of a judgment you may obtain against such persons would be minimal since you cannot get blood from a stone.  However, for an experienced and creative group of personal injury attorneys like those at Schwed, Adams & McGinley, the insurance available for purposes of your personal injury claim or lawsuit is only a part of the equation if we represent you. Our attorneys have dealt with every conceivable scenario in our cases and have been able to successfully recover maximum damages for our clients regardless or how much or how little insurance was available in a particular circumstance.

Obtaining a Judgment Is Often The Easy Part, But Collecting on That Judgment Can Be Harder

One of the most misunderstood parts about our legal system is that the court does not actually collect money on your behalf from someone who is determined to have injured you.  Similarly, most people do not realize that if they take their case to trial and obtain a jury verdict against the person or person(s) that hit and/or injured them in a motor vehicle accident, then they obtain a judgment for a certain amount of money from the court.  However, once they have successfully obtained a judgment, all they have obtained at that point is a piece of paper that states that a person or person owes them a certain amount of money.  This does not necessarily mean that the people who caused the accident and were found to be liable for whatever damages or injuries that you suffered are able to pay, or will ever even pay that amount of money, however, even though the jury found them liable for it.  Instead, the next step in the process is for you, as the injured party, to actually attempt to collect on that judgment.

Insurance is The Easiest Source to Obtain Compensation From

Insurance is important in personal injury cases because it often determines what parties it makes the most sense to pursue aggressively to obtain compensation from for the injuries and other damages you suffered as a result of someone else’s negligence.  Liability insurance is the low-hanging fruit when it comes to personal injury lawsuits.  This does not mean that you do not go after every party that was responsible for causing your damages or in your injuries, it just means that you often will want to go after the parties with insurance first because they are your best chance of recovering damages for whatever injuries you suffered.

Contact Schwed Adams & McGinley

The insurance coverage of whomever caused your motor vehicle accident or other personal injury scenario can often be one of the determining factors in how much you can eventually hope to recover in connection with whatever incident resulted in your injuries.  However, having an experienced and creative attorney is also very important, regardless of how you were injured or how much insurance those parties that caused your injuries have.  At Schwed, Adams & McGinley, our experienced Florida personal injury attorneys have more than 150 years of combined legal experience.  During that time, we have dealt with every conceivable scenario and have been able to successfully recover compensation for our clients regardless of what the insurance situation was of the party or parties that were involved in causing injuries to our clients.  If you have been injured due to someone else’s negligence in Florida, contact the experienced personal injury attorneys at Schwed, Adams & McGinley, P.A. today at 877-694-6079 or contact@schwedlawfirm.com for a free consultation.