Nevada Personal Injury Insurance Issues

Posted by: on Wed, Apr 03, 2013

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In our personal injury cases, one of the biggest questions is the amount of insurance available. This helps to determine the maximum potential recovery. We typically use NRS 690B right away, and obtain a medical authorization signed by the clients and a list of their health care providers to-date, at our initial client meeting. The police report of the accident often contains the insurance companies representing the various parties.

In the State of Nevada, the other driver’s insurance can be determined by the use of NRS 690B.042, which simply states that an adverse carrier must release proof of liability insurance upon receipt of a medical authorization and a list of your health care providers. Sometimes, a potential plaintiff can get a general idea of how much insurance is available by taking a look at the adverse driver’s insurance company, even before the policy arrives. Generally speaking, major insurance carriers like State Farm, Farmers, American National and Allstate, are companies that will write liability policies above the statutory minimum. The minimum liability insurance in the State of Nevada is $15,000.00 per person and $30,000.00 per accident. Most other insurance company’s only write minimum policies, because they perhaps are not as financially solvent as the major carriers. These marginal insurance companies try to limit their potential exposure by writing mostly minimum liability coverage policies.

When you determine that the adverse insurance policy is at least a $100,000.00/$300,000.00 policy, this is a good sign that there may also be an umbrella policy available that can provide additional liability coverage. An umbrella policy generally provides excess liability coverage in the amount of $1,000,000.00. In cases involving large businesses, their coverage is generally layered, so there may be one company that writes the initial liability policy and other companies that write layered excess policies.

About the Authors: The law firm of Albright, Stoddard, Warnick & Albright is an A-V Rated Nevada-based full-service law firm having attorneys licensed in Nevada, California and Utah. We have a broad range of experience in advising and representing parties involved in personal injury actions. Call us at 702-384-7111.

Note: This article, and any other information you obtain at this website, is not offered as legal advice, nor should it be relied upon as such, nor is it a solicitation for legal services. Only a licensed attorney can advise you with respect to your specific legal needs. We welcome your contacting our firm to discuss such representation. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

About the Authors: The law firm of Albright, Stoddard, Warnick & Albright is an A-V Rated Nevada-based full-service law firm having attorneys licensed in Nevada, California and Utah. Our firm’s practice includes a strong emphasis on personal injury accidents. Call us at 702-384-7111.

Note: This article, and any other information you obtain at this website, is not offered as legal advice, nor should it be relied upon as such, nor is it a solicitation for legal services. Only a licensed attorney can advise you with respect to your specific legal needs. We welcome your contacting our firm to discuss such representation. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.