Is there a limit to how much a car accident settlement can be?

In Massachusetts, the answer to whether or not there is a limit to how much a car accident settlement can be is a bit complicated. Generally, there is no limit to the amount of compensation you can receive through a car accident settlement. However, insurance companies typically set limits as to how much money they are willing to pay out in a single claim. In Massachusetts, each driver is required to carry a minimum amount of auto insurance coverage, and this minimum amount is the maximum amount the driver’s insurance company will pay out in a claim. In addition, if the accident results in a claim against multiple drivers or a third-party, then each party’s maximum financial responsibility may be limited by the other’s level of insurance coverage. Depending on the circumstances of the accident, it may be possible to sue for additional compensation, though any additional compensation will ultimately depend on the judgement of the court.

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Is there a limit to how much a car accident settlement can be?

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