Lawsuit Funding Available When Insurance Company Fails to Honor Policy

Let's assume you are in an auto accident and the other driver is at fault. Let’s assume the driver is uninsured or underinsured.  Better yet, let’s assume it was a hit-and-run accident.  What can you do?  The first step is to file a claim with your own insurance company, assuming you wisely took advantage of uninsured and underinsured motorist coverage. Uninsured motorist coverage (UM) can cover injury-related medical expenses and costs associated with repairing damage to your vehicle. If the driver who hit you was underinsured, the underinsured motorist coverage (UIM) on your policy can cover the difference between your bills and the driver's coverage up to the limits of your policy.  Simple, right?

Here are three cases where the truth is revealed.

Joseph A. Genovese of Louisiana filed a lawsuit against an unknown driver and American National Property and Casualty Company alleging that he was the victim of a hit-and-run auto accident.  Genovese claims that he was injured and his vehicle damaged when he was rear-ended by another driver who fled the scene.  Despite having coverage protecting him from uninsured drivers, Genovese said his insurance company, American National, refused to pay for repairs and injuries he sustained.

In Texas, two similar cases recently settled against Allstate Insurance.  In one case, a couple was rear-ended by another driver.  The impact caused their vehicle to strike the center median before coming to a stop in a ditch.  According to court records, the at-fault driver was insured, but his liability limits were inadequate to compensate for the damages.  The victims filed a claim with Allstate under their underinsured motorist policy, but Allstate refused to act in good faith and enter a fair settlement.  After taking the claim to trial, a jury awarded the couple over $33,000 more than Allstate’s settlement offer.

In the second Texas case, Allstate was the at-fault driver’s insurer, but again Allstate offered a less than favorable settlement.  According to court documents, the at-fault driver said the plaintiff swerved in front of his vehicle.  The jury found the at-fault driver negligent for inattentive driving and not maintaining a proper speed.  The settlement was twice that of Allstate’s initial offer.

These are prime examples of insurance companies putting their bottom line over their obligation to honor their contracts of insurance.  These innocent victims loyally paid their auto insurance premiums for years, yet when it came time to collect on the policy, the insurers acted in bad faith by denying, delaying, and defending the claims for no sustainable reason.  If this happens to you, all is not lost; you may be forced to file a lawsuit against your own insurance company.  Contact an experienced auto accident attorney who can help you maximize your recovery and hold the insurance company accountable. After all, you've spent years paying into a system so that when the day comes, you will receive the compensation deserved.

If you are the victim of an uninsured or underinsured negligent driver, but have uninsured coverage on your policy, you may qualify for lawsuit funding. Lawsuit Financial, the legal funding expert, offers a lawsuit cash advance to seriously injured victims who need cash now while their lawsuit is pending. All that is needed to qualify is to be represented by an attorney and have a viable case. There is no need for credit checks or employment verification. If approved, funds can be available within 24 – 48 hours. Our lawsuit funding is on a non-recourse basis, meaning if you lose your case, you owe us nothing. Furthermore, there are no out-of-pocket expenses or monthly payments. If you are having trouble covering expenses due to a hit-and-run auto accident, then consider auto accident lawsuit funding.