Question By: Auto accidents happen every day on Orange County roads, such as I-5 Santa Ana Freeway and I-405 San Diego Freeway, and lead to injury and damages. Sometimes these cases will lead to a policy limit insurance coverage claim.
California recently passed a new policy limit demand law that seeks to limit the amount of damages plaintiffs can seek in personal injury cases. Personal injury cases are no doubt complicated and time consuming for both the lawyer and the victim. With new California policy limit demand law, this could be even more complex.
What is a policy limits demand California?
A policy limits demand in California is a demand made by a plaintiff or their attorney in a personal injury case to the defendant's insurance company for the full policy limits of the defendant's insurance policy. This demand is made in exchange for a release of liability for the defendant, and is intended to ensure that the plaintiff receives the maximum amount of compensation available under the defendant's insurance policy.
Pros and Cons of the New California Policy Limit Demand Law
The new California policy limit demand law could have a major impact on personal injury cases. The law, which goes into effect on January 1, 2020, will require insurance companies to provide policyholders with a written notice of their rights if they are involved in an accident. The notice must be provided within 15 days of the accident and must include information about the policyholder's right to make a policy limit demand.
Click https://pi.law/how-new-california-policy-limit-demand-law-could-impact-personal-injury-cases/ to know more.
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