What if the other party doesn’t have enough insurance?

If the other party involved in an accident does not have enough insurance to cover the cost of the damages or injuries, an accident victim in Oklahoma may have a few options. The first option is subrogation, where the victim’s own insurance company will cover the cost of the damages and then seek reimbursement from the at-fault party’s insurance provider. The second option is for the victim to file a lawsuit against the at-fault party, which involves the court deciding the amount of compensation the at-fault party must pay. The third option is to settle out of court, which requires the at-fault party to make an agreement with the victim in order for them to pay a certain amount to cover the damages. The last option is for the victim to pay out of pocket, if they are able to do so. It is important to note that the victim’s insurance policy does limit the amount of coverage they receive, even if they are not the at-fault party. The victim should check their policy and talk to their provider to determine what kind of compensation they will receive. Additionally, the victim should always speak to a qualified lawyer for advice regarding their legal rights, even if they decide to pursue a settlement out of court.

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What if the other party doesn’t have enough insurance?

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