Who Can Get a Settlement After an Accident?
Depending on the state, the injured party can receive a car accident settlement paid out by the at-fault driver’s insurance. This is one of the reasons these accident policies exist; to save their policyholder from financial ruin if found liable and to make the claimant whole. If the car accident settlement amount exceeds the at-fault driver’s policy, they may lose money as they would be responsible for the remainder of the damages. In no-fault states, you cannot make a personal injury claim unless your losses exceed a certain threshold.