The policyholder’s liability coverage provides protection for the owner of the inured vehicle, in the event that he or she has been labeled “at-fault,” following occurrence of an on-road accident.
Third party liability coverage keeps the owner protected in those cases where the owner has handed the car’s keys to someone else, at least on a temporary basis. That temporary replacement for the usual driver might get involved in an accident. If the borrower of the keys and the automobile were found “at-fault,” then the policyholder/car owner would require financial protection.
What sort of protection does the owner of the insured car receive?
A policyholder that has purchased liability coverage has gained at least limited protection for that same policyholder’s assets. A listing of those assets would include things like a home, savings in the bank and even wages, which could be garnished.
How much coverage is enough, according to Alberta’s lawyers?
Those residents of Alberta that decided to search online for information on the recommended level for 3rd party would probably read that any 3rd party coverage should promise a level of financial backing that equaled $1 million. Yet that figure differs from the figure that has been quoted by Alberta’s lawyers.
Most of the personal injury lawyer in Calgary urge buyers of car insurance to request a third-party liability package that equals 200 million dollars. That difference showcases the lawyer’s understanding of exactly who might seek the assets of an at-fault driver.
Who might go after those assets?
• An injured pedestrian
• An injured bicycle rider
• An injured motorcycle rider
• Another driver, one that had suffered physical, emotional or mental harm, as a result of the collision
• Passengers in any of the involved vehicles
What might add to the strength of a personal injury claim that had been made by any of the above-mentioned individuals?
If any of the above-named individuals had harbored certain aspirations, or had begun to formulate tentative future plans, then that fact might give any one of them a reason to go after the policyholder’s assets. The injury that any one of them might have sustained could put an end to the plans or aspirations of the person that had suffered that particular injury.
Admittedly, a very determined person might prove capable of overcoming at least some of the challenges that were created by an accident-related injury. Still, the possession of added determination should not deprive an accident victim of the chance to be compensated for the burdensome nature of an accident-related condition, or of a genuine handicap, be it physical, mental or emotional.