Collectability is one of the essential parts that make up the anatomy of an injury claim This term basically refers to the insurance coverage part of the analysis. Even though it is required by the Financial Responsibility Laws in the State of California that every motorist be covered by liability insurance coverage, there are unfortunately a large percentage of people who simply cannot afford insurance or are not insured for other reasons.
This means that if you are involved in an accident, you may or may not automatically receive coverage from an insurance company for your injuries. It is critically important to contact a Los Angeles personal injury attorney immediately after your accident so that you can be fully protected under the law. If the other party involved in the accident is insured, we can move forward with the claim immediately. If the other party is not insured, however, we will need to use several investigative methods to verify whether in fact the other party might otherwise still be covered by someone else's policy, i.e., employer, registered owner, legal owner, principal, or resident household relative.
Keep in mind that even if the other party is uninsured, we ascertain whether our client had full insurance coverage with uninsured motorist bodily injury liability coverage. There is additional coverage such as medical payments benefits which may apply, and our personal injury lawyers in Los Angeles are highly skilled at seeking out different solutions for your specific situation.
In premises liability cases, we will attempt to verify either a homeowner's liability policy or a general commercial liability policy. However, some large business and franchises or chains might be self-insured. The key here is to determine whether there is a source of collectability. People pay a premium to insurance companies to be protected and to have peace of mind when they suffer an accident or injury, and they want to be ensured that they are covered. That is the purpose of insurance. If, for whatever reason, we determine that there is simply no insurance - no collectable source - then we may have to conclude that it simply is not economically feasible or practical to pursue the case.
Whatever your situation may entail, you can take comfort knowing that we will be honest with you from the outset. Contact our firm today to schedule a free consultation and to learn about how you can pursue compensation after a serious accident.