If you’ve just been injured in a car accident and are pursuing an auto accident settlement, the question of fault will have a significant impact on the amount of money you receive. For example, if the claims adjuster determines that you are 20% culpable for the accident, your damages award will be reduced by 20%.Do you want to learn more? Visit he said
It used to be that if you were 100 percent at fault for an accident, you would receive no compensation. However, there is some good news. The good news is that most states now have some type of “comparative negligence” law that divides the responsibility so that you can recover some damages even if it’s completely your fault.
If you know you’re to blame for the accident, it’s a good idea to learn more about the several classifications used by insurance companies, such as proportionate comparative fault (PCF) at 50%, proportional comparative fault (PCF) at 51%, and pure comparative fault at 100%. But keep in mind that this varies greatly from state to state.
The simplest way to understand these designations is to know that 51 percent PCF means you were more responsible than the other party, 50 percent PCF typically means both parties were responsible (and thus may not be entitled to damages), and pure comparative fault means it was all one person or another.
The personal injury claims market has recently been under investigation, with government officials recommending reforms to the current system. Following a gathering with key insurance companies, Prime Minister David Cameron has also become involved.
The Prime Minister has stated on the record that he intends to reduce the fees given to attorneys, particularly those paid in connection with modest personal injury cases. This is a critical component in keeping insurance premiums under control, which have recently risen significantly.