Personal Injury Frequently Asked Questions
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Who Is Liable for a Swimming Pool Accident?
The person whose negligent action or inaction caused or contributed to your injuries is liable for a swimming pool accident.
Does It Matter if My Injury Occured at a Public or Private Pool?
No, it does not. As long as someone else’s negligence caused or directly contributed to your injuries, they can be liable, whether you are at:
- A pool at a hotel or your apartment complex
- A friend’s pool
- Public pool
What Negligent Actions Might Entitle Me to Compensation?
Swimming pool owners, regardless of whether the land is public or private, must keep their pools safe for anyone who uses them. This is due to premises liability laws that require owners to keep all parts of their property safe for visitors. Any of the following could make a pool owner liable for pool injuries:
- A lack of “No Diving” signs
- No lifeguard (and no “No Lifeguard on Duty” signs)
- A distracted or otherwise negligent lifeguard
- No fence around the pool (Pools are a known attractive nuisance. Children trespassing on the property can drown if the pool is easily accessible.)
Is the Pool Owner Liable If I Was Not Invited Onto the Property?
Most likely not. If you broke into someone’s backyard at night to swim in their pool and injured yourself, that person would not be liable.
There is one big exception: the trespasser was a child. Georgia’s attractive nuisance law holds property owners liable for injuries trespassing children suffer if the child entered the property to engage with an “attractive nuisance” (i.e., a manmade object that a child would find enticing, such as a pool). For example, if your child trespassed on a neighbor’s property and drowned in an unfenced pool, you would likely be entitled to compensation.
For What Types of Accidents and Injuries Might I Be Able to Recover Compensation?
Drowning: If someone who was supposed to be supervising your loved one failed to do so, and your loved one drowned as a result, that person can be liable.
Submersion injuries (previously called a “near drowning”): You can recover compensation for the after-effects of a submersion injury (e.g., cognitive effects that resulted from the brain being without oxygen, cardiovascular disorders, etc.) Whoever was in charge of supervision can be liable for a near drowning.
Slip and fall: Injuries might include broken bones and head injuries. The property owner will likely be liable for any injuries you suffer. If you were running around the pool, you might be liable for your own injuries.
Neck and spine injuries: Often resulting from diving in too-shallow water, a neck or spine injury can lead to paralysis or other complications. If the injuries resulted from diving in too-shallow water, the pool owner can be liable if there were no warning signs.
Head injuries. A person can sustain a head injury at a pool from a slip and fall, a diving or jumping accident, and from horseplay. In most cases, the pool owner will be liable; however, in cases of horseplay, you might be partially liable.
Drain injuries: Can include damage to body parts, drowning, or submersion injuries. If the drains did not comply with regulations, the pool owner could be liable for any injuries that occur.
Contaminated water. Many people do not observe correct pool hygiene, and others knowingly go for a swim while sick. The most common infections and illnesses from pools are E. coli, parasites, Legionnaire’s disease, norovirus, and intestinal infections. A severe infection can be fatal to a person with a weak immune system. Both the person who swam while sick and the party in charge of maintenance can be liable.
What Types of Damages Can You Get for a Drowning?
If you lost your loved one to drowning caused by the negligence of someone else, you might have a wrongful death claim. You might receive compensation for the medical and final expenses, loss of services and support, loss of companionship, emotional anguish, and the pain and suffering your loved one experienced from the moment of injury until the time of death.
What Types of Damages Can You Get for a Swimming Pool Injury?
The same kinds of damages are available for swimming pool injuries as are in any other type of negligence personal injury case. These items can include:
- Medical bills (current and future care)
- Lost wages and loss of earning potential
- Pain and suffering
- Loss of enjoyment of life
If you suffered injuries or a loved one died from drowning or injuries at a pool due to someone else’s negligence, please call the Law Office of Jason R. Schultz, P.C., so we can help you. For a caring and compassionate consultation at no charge to you, call 404-474-0804 today.
How Do Local Leash Laws Affect Georgia Dog Bite Cases?
Leash laws tell dog owners when they must keep their dog leashed or locked up. Local leash laws can affect your dog bite case by helping you prove negligence.
What Are Georgia’s Leash Laws?
Most counties and cities in Georgia have local ordinances preventing dogs from roaming free. Atlanta’s leash law holds that dogs cannot leave the “premises of the owner” unless they are attached to a leash that is no more than six feet long.
What Affect Does a Leash Law Have on a Dog Bite Case?
You have two options to prove liability in a dog bite case:
- The owner knew the dog was “vicious” or “dangerous” and the owner allowed the dog to roam free and you did not provoke the dog; or
- The owner violated a leash law.
Proving a dog is vicious or dangerous requires knowledge of a previous attack or act of aggression. If the dog was running loose at the time of the attack, it may be easier to prove your case.
For example, if you were visiting your friend’s house and his dog attacked you, you would need to prove the owner knew the dog was vicious or dangerous to recover injury compensation. To establish dangerous or viciousness, you would need to prove the dog had previously bitten someone or had acted aggressively toward a person or pet. If the dog had no history of aggression, you cannot hold the owner liable.
However, say you were walking down the street when an unleashed dog attacked you. If you can prove the dog belonged to someone who failed to keep the dog under control, you can hold the owner liable for any injuries you sustained in the attack.
What If the Dog Escaped Its Confines?
Under state dog bite laws, a dog owner must always keep his or her dog locked in, leashed, or with someone who can control it. When the owner leaves his or her dog unsupervised, it must not be able to escape the property.
For example, if an owner leaves his dog outside in a fenced yard during the day, the owner may still be liable if the dog is able to escape and injure someone. If the dog had previously escaped the yard, we can use that to prove the owner’s negligence.
Free Consultation on Your Case
Proving an owner’s leash law violation led to your dog attack can be complicated. An Atlanta dog bite lawyer knows what evidence you might need to gather and how to deal with insurance companies who might be trying to devalue your claim. Call the Law Office of Jason R. Schultz, P.C. today at 404-474-0804. Under Georgia law, you only have two years after the dog bites to file a lawsuit so do not wait.
Am I Entitled to Recover PTSD Accident Compensation?
Post-traumatic stress disorder (PTSD) from a car crash can affect every aspect of your life. Fortunately, you can recover PTSD accident compensation if you can prove another party caused your accident.
How Can PTSD Affect an Accident Victim?
There are a few debilitating symptoms involved with PTSD. They include:
1. Re-experiencing symptoms: This can involve nightmares, frightening thoughts, and reliving the accident. This can make it difficult to sleep or concentrate. Fatigue and trouble concentrating can affect both your enjoyment of life and your ability to do your job.
2. Avoidance symptoms: Many PTSD sufferers attempt to avoid any reminders of their accident. For car accident PTSD sufferers, this often means avoiding cars or driving. This can make it impossible to get to work or school or to attend important appointments. This can also make it difficult to spend time with friends and family that do not live with the victim.
3. Arousal and reactivity symptoms (i.e., being on edge): This can make it difficult to sleep or relax or enjoy time with friends and family.
4. Cognition and mood symptoms:
Trouble remembering main things about the accident
Feeling bad about yourself or the world
Feeling guilty or blaming others
Giving up activities you used to enjoy
These symptoms can affect your enjoyment of life and your relationships with others.
How Do I Recover Compensation for PTSD in an Accident Settlement?
There are two requirements to recover compensation for PTSD in an accident settlement.
First, we must prove that the other driver was at-fault for the collision in question.
Once we prove the other driver’s liability, we must then prove that your PTSD is a direct result of your car accident. This can be difficult as PTSD is somewhat subjective. To show your PTSD resulted from your car accident, we might:
- Gather your medical records: We can show the other driver’s insurer that you did not require therapy until after the accident occurred. This can substantiate a claim that your mental health suffered due to the accident.
- Discuss your case with a medical expert: We can obtain testimony from a medical expert that illustrates how your PTSD could have resulted from your accident.
- Use your own testimony/testimony of friends and family: Keep a journal to show how your PTSD affects your daily life. Note flashbacks you have or fights with friends and family. We can also discuss your condition with friends and family to determine how your PTSD has negatively affected your relationships.
Get Help from an Atlanta Car Accident Lawyer Today
The insurance company will make recovering compensation for PTSD exceedingly difficult. And if you are suffering from PTSD symptoms, it may be difficult or impossible for you to focus on everything you will need to do to prove your claim. You do not need to handle this alone.
Call the Law Office of Jason R. Schultz, P.C. at 404-474-0804 to learn more about how we can help you.
Who Is Responsible for an Accident with a FedEx or UPS Truck?
Who is responsible for an accident with a UPS/FedEx truck depends on who behaved negligently.
Who Is Responsible if the Truck Driver Caused the Accident with a UPS Truck?
In a typical car accident, the driver who caused the accident is the liable party. Truck accidents are a bit different. While you can hold the truck driver liable, FedEx and UPS are responsible for accidents their drivers cause while working. This is called “vicarious liability” and means you can sue both the driver and the company for your costs from the accident, so long as the driver caused the accident while acting within the scope of his employment.
This can be good news if you have injuries or damages, as employers usually have better insurance than the driver. Unfortunately, it also means dealing with a large trucking company and experienced insurance company. We will protect you against the trucking company and its insurer.
How Can I Prove UPS or FedEx Is Liable for the Accident?
First, we must prove the driver was negligent. This might involve establishing:
- The driver violated hours of service laws. Drivers can only drive a certain number of hours at a time. If the driver was fatigued when he caused the accident, we can obtain his logbooks to determine how long he had been behind the wheel.
- The driver was texting behind the wheel. It is illegal for truck drivers to text while driving. If the driver was texting or talking on the phone, we will subpoena the driver’s phone records to prove it.
- The driver was acting recklessly (e.g., speeding, swerving, etc.)
What if UPS or FedEx Claims the Driver is an Independent Contractor?
This is a common tactic UPS and FedEx use to absolve themselves of liability. The trucking company will claim that the driver was not an employee, but rather an independent contractor. As such, the driver himself, not the company, is responsible for the accident costs.
We will look into the driver’s personnel file and determine whether the driver is an employee or independent contractor.
What if Another Party is to Blame for the Accident with a FedEx Truck?
Depending on the factors of the accident, another party may have caused or contributed to the accident. These liable parties might include:
- Another driver: If another driver behaved negligently, we can prove that driver’s negligence and recover compensation from his insurance company.
- A manufacturer: If the accident resulted from a defective truck part, we can hold the manufacturer liable.
- A mechanic: If poor maintenance caused the accident, we might be able to hold the mechanic liable. UPS or FedEx might still be liable if the accident resulted from a lack of maintenance.
- A shipping company: If unsecured or poorly loaded cargo contributed to the accident, the shipper or cargo loader might be liable.
Proving who is at fault is hard and time-consuming. There are many things to handle and investigate when proving liability for the accident with a UPS or FedEx truck. You do not need to handle this on your own. A truck accident lawyer can help you. Schedule a free consultation with the Law Office of Jason R. Schultz, P.C. to discuss your FedEx or UPS truck accident today: 404-474-0804.
How Much Is a Whiplash Settlement Worth?
How much your whiplash settlement is worth depends on what happened in your case. The total cost is different for each case because of the unique nature of the injury and the effect on the person injured.
What Can I Recover for My Whiplash Injury?
In any whiplash case, you will be entitled to:
- Medical expenses: These might include your initial medical exam, any medications you required, physical therapy, or even surgery if your case required it.
- Lost wages: If your whiplash kept you from returning to work for any amount of time, you can recover compensation for that time you spent out of work. You can also recover compensation for any time you needed to take off to attend doctor’s appointments or physical therapy sessions.
- Lost earning capacity: Severe or long-lasting whiplash can require sufferers to work less hours, take a lesser-paying job, or even retire. We can help you recover compensation for the wages you would have earned had your accident not occurred.
- Pain and suffering: Whiplash comes with many inconveniences and difficulties. Many people have trouble finding a comfortable position or sleeping at all, which can strain the injured person’s relationship with family and friends and lessen his quality of life. We will ensure your settlement accounts for any pain and suffering you endured.
What Might Affect My Whiplash Settlement?
Various factors might affect what you can recover for your whiplash injury. Some of these factors include:
The Severity of Your Injuries
If your injuries are more severe, long-lasting, require surgical intervention, or keep you out of work for an extended period of time, you will likely recover more than you would for a whiplash injury that lasted a month.
Whether You Had a Preexisting Injury
If you had an existing neck, shoulder, or back injury at the time of the accident, you will likely receive less compensation. The insurer will likely argue that the accident in question only exacerbated your existing injury rather than causing a new one.
Whether You Contributed to Your Injuries
If you contributed to your own whiplash injury or the accident that caused it, you might be unable to recover the total amount of compensation for your injury.
For example, say you suffered whiplash in a rear-end car accident. The driver who rear-ended you was texting and did not see you stop, but your brake lights were burnt out. The investigation found you 40 percent at-fault and the other driver 60 percent at-fault. You demanded $10,000 for your injuries. You would only be able to recover 60 percent of your demand (i.e., $6,000).
If You Do Not File in Time, You Get Nothing. Call Us Today
In Georgia, you have two years to file a claim for a whiplash injury. If you try to file after that, the court will not hear your case. You should file as soon as possible to make sure you meet the deadlines.Get a free evaluation of your case. Call the Law Offices of Jason R. Schultz, P.C. at 404-474-0804.
Is a Pedestrian at Fault for an Accident Outside a Crosswalk?
Whether a pedestrian is at-fault for an accident outside a crosswalk depends on a few factors. As a first step, you need to determine when you are inside and outside a crosswalk in Georgia.
When Are You “Outside” a Crosswalk?
Under Georgia pedestrian law, not all crosswalks have painted lines or other markers. Marked crosswalks have some kind of visible marker, most commonly painted lines. But there are also unmarked crosswalks. Both marked and unmarked crosswalks are legal and exist at most places where roads intersect.
This can make it difficult to determine when you are outside a crosswalk. Pedestrians are crossing outside a crosswalk if:
- They are crossing the road diagonally without a traffic signal that allows it.
- There is a marked crosswalk with a traffic signal and they ignore it and cross the road outside it.
- They are walking in the middle of the road (i.e., not at an intersection). There are no legal unmarked crosswalks in the middle of the road.
- There is a pedestrian tunnel or overhead pedestrian crossing but they choose to cross the road instead.
Example: A pedestrian is crossing between two intersections with no traffic or crosswalk signals. The pedestrian walks into the street without looking both ways. A driver does not have time to slow down to avoid the pedestrian and hits him. The pedestrian is likely at-fault for this accident.
You can legally cross the street in Georgia without using a crosswalk, but pedestrians must still yield to traffic and give the right of way to vehicles.
While pedestrians must yield to drivers when they are outside a crosswalk, simply being outside one does not mean they are automatically at-fault for an accident.
Was the Driver at Fault?
Drivers must take precautions to avoid hitting pedestrians, regardless of whether the pedestrian was inside or outside a crosswalk.
A driver might be at-fault for hitting a pedestrian outside a crosswalk if he:
- Could have avoided the pedestrian but was not paying attention or was under the influence
- Ran a red light or stop sign
- Was speeding
Example: A driver is texting and does not see a pedestrian crossing the road. If the driver hits the pedestrian, he will likely be liable for any injuries.
The driver might also be at-fault if the pedestrian was already crossing the road. For example, if the driver turned right on green and hit a pedestrian who was already crossing the street outside of a crosswalk, the driver might be liable even though the pedestrian was not inside a crosswalk.
What if the Pedestrian and Driver Are Both at Fault?
Fault for an accident outside a crosswalk might land on both parties. When more than one person is to blame for an accident, Georgia uses a law called “comparative fault.” This law holds that parties in an accident can still recover compensation even if they were at-fault, as long as they are less than 50 percent at-fault. However, the percentage of fault decreases the settlement they are eligible to recover.
Example: The pedestrian is 20 percent to blame for the accident while the driver is 80 percent to blame. The pedestrian requested $80,000 for damages. The insurer or court will subtract 20 percent ($16,000) of the total. The pedestrian will only receive $64,000.
Get Help from Jason R. Schultz Today
Proving fault in an accident that occurs outside a crosswalk can be tough. You need to collect evidence as well as defend against any accusations of fault. This can be difficult to do especially when recovering from serious injuries that often come with pedestrian accidents.
The Law Office of Jason R. Schultz, P.C. can handle your entire case from start to finish. We know what tricks insurers might pull to place the blame on you. More importantly, we know how to defend against them. Call 404-474-0804 today to schedule a free consultation and learn more about how we can help.
What Is an Unmarked Crosswalk?
Georgia defines a crosswalk as a part of a roadway designated for pedestrian crossing. Marked crosswalks have painted lines or other visible markings to make the crosswalk obvious. An “unmarked crosswalk” has no visible markings.
Georgia recognizes both marked and unmarked crosswalks. Thus, crosswalks exist on all four corners of most intersections in Georgia, even if there are no painted lines.
Who Has the Right of Way in an Unmarked Crosswalk?
Georgia pedestrian laws state that pedestrians have the right of way in an unmarked crosswalk if:
- There is no traffic signal at the crosswalk intersection.
- They are on the half of the road a driver is on.
- They are within one lane of the road the driver is on or is turning on.
- They are already crossing.
- The driver is turning on a green light.
What if the “Don’t Walk” sign is flashing? Pedestrians still have the right of way. However, pedestrians should not start walking when the sign is flashing.
Is a vehicle moving and too close to yield to a pedestrian? Then it is illegal for pedestrians to move into the vehicle’s path.
Vehicles have the right of way if:
- A A pedestrian is crossing outside of a marked or unmarked crosswalk unless the pedestrian is already on the road.
- There is a pedestrian tunnel or overhead pedestrian crossing but the pedestrian decides to cross on the road.
Drivers must stop before reaching a crosswalk to allow pedestrians to cross safely.
If another driver stopped at a crosswalk, marked or unmarked, to allow a pedestrian to cross, all drivers must also stop until the pedestrian has left the road.
Who Is Liable for a Pedestrian Accident in an Unmarked Crosswalk?
To determine liability for a pedestrian accident in an unmarked crosswalk, we must identify who had the right of way. Let us consider two examples:
Example A: A pedestrian steps into an unmarked crosswalk. There are no pedestrian crossing signals. A driver with a green light turns right and hits the pedestrian. Who was at-fault?
It is likely the driver will be at-fault because he failed to yield right of way to the pedestrian.
Example B: A driver is turning right on green when a pedestrian steps into an unmarked crosswalk. The driver hits the pedestrian. Because the driver was already making his turn and likely did not have time to stop, the pedestrian will likely be at-fault. If the driver had time to stop but did not because he was not paying attention, both the driver and the pedestrian might share fault.
Injured in an Accident in a Crosswalk? Schedule a Free Consultation Today
Have you been in an accident involving a marked or unmarked crosswalk? You can get a free consultation on your legal options. Call the Law Office of Jason R. Schultz, P.C. at 404-474-0804.
How Long Do Slip and Fall Settlements Take in Georgia?
How long slip and fall settlements take depends on various factors. These include:
- The severity and prognosis of your injuries
- How long it takes to gather evidence
- Whether the other party disputes fault
- The negotiation process
The Severity and Prognosis of Your Injuries
You never want to settle a claim until you know the severity and prognosis of your injuries. If you need several surgeries or long-term rehabilitation, you may not yet know all the costs. It may take weeks or months of recovery and rehabilitation until you know if you will fully recover.
If you settle too early and later find out you will need lifelong care, you cannot ask for more compensation.
Receiving a prognosis for your injuries could take anywhere from a few months to a few years.
How Long It Takes to Gather Evidence
To win a claim for a slip and fall accident, you have to prove that the property owner or manager was at fault for the problem that caused the fall. You will need evidence to prove this, which may include pictures, eyewitness statements, and investigating how long the danger that caused your fall was there.
Some of this evidence, such as surveillance video of the accident or a store’s maintenance policies, is in the hands of the other party and might prove difficult to obtain. For this reason, there is no way to estimate how long gathering this evidence can take.
Whether the Other Party Disputes Fault
Unless liability is clear-cut, you can be sure the other party will dispute fault or try to blame you. This can delay your settlement considerably.
We will build a strong case to lessen the other party’s ability to dispute fault or to place any blame on you.
The Negotiation Process
The first offer from the insurer is likely much lower than you need to cover your losses. We will negotiate with the other party until it offers a settlement you deserve. However, we might require rounds of negotiations with the at-fault party’s insurer which could take weeks or months.
Do I Have to Settle My Case Within a Certain Period?
Yes. Per Georgia law, you have two years to settle your claim or to file a lawsuit.
If you attempt to file a claim or lawsuit outside of this statute of limitations, the insurer or court will likely deny your claim. If the time limit is fast approaching and the insurer still refuses to offer you a fair settlement, we might consider taking your case to court.
Call the Law Office of Jason R. Schultz, P.C. Today
Jason R. Schultz will do everything he can to settle your case quickly and get you the settlement you deserve for your premises liability claim. For a free evaluation, call the Law Office of Jason R. Schultz, P.C. at 404-474-0804 today.
How Much Are My Lost Wages Worth After an Accident?
The value of your lost wages depends on how much time you missed from work because of your injuries, whether you will lose income in the future because your injuries prevent you from working, and whether your injuries force you to take a job that pays less than your current job. Losing out on a promotion or other benefits, such as a retirement pension and health benefits, can affect the value of your lost wages in a personal injury claim.
The attorneys at the Law Office of Jason R. Schultz, P.C. will discuss your case with you and review your wage records to determine a fair value for your lost wages in your injury case. Call us today at 404-474-0804.
What Are Lost Wages After an Accident?
- Lost current wages. When you cannot work after an accident because of your injuries, treatments, and recuperation time, your employer might not compensate you while you are away from work. You may also have to use vacation time, compensation for which we will seek to recover too.
- Lost future wages. There are two types of lost future wages: pay you will not receive during a lengthy recuperation time and money you miss out on because of debilitating injuries that prevent you from working in the future. To determine the value of your lost future wages, we will rely on evidence and testimony pertaining to your wages and medical evidence. If necessary, we may work with a rehabilitation or vocational expert as well.
What Happens If I Miss a Promotion Because I Was Not Able to Work?
Losing a promotion because you were away from work due to an injury may be compensable in your personal injury claim. For example, if you were likely to get promoted to a higher-paying position, we may seek compensation for the difference in pay you miss out on due to your injury.
What If I Have to Take a Lower-Paying Job Because of My Injuries?
If you are unable to perform your job and have to switch to a lower-paying career due to your injuries, you will have a claim for loss of earning potential. The value of your lost earning potential will be the difference between what you were making and how much you will make in the lower-paying career.
The calculations get tricky here because we will have to show how much money you would have made over the course of your working life in your previous career as well as how much you will earn during the rest of your working life with your impairments.
How Can Losing a Job or Missing Work Impact Me in Other Ways?
Missing time at work, having to switch jobs, or being unable to work altogether can mean that you miss out on more than income. Depending on your employer, you could also experience:
- Lost or reduced pension or retirement, including employer matching funds. If you are no longer working or if you are earning less money, you are not paying as much, (if anything) into your retirement account.
- Loss of benefits, such as medical, dental, and vision insurance; life insurance; free on-site daycare; paid vacation; paid parental leave; paid sick days; paid holidays; gym membership; and education subsidies.
Your personal injury claim should account for these additional work-related losses when seeking compensation for injury-related damages.
If you sustained injuries in an accident that was not your fault, call the personal injury team at the Law Office of Jason R. Schultz, P.C. We are standing by at 404-474-0804 to take your call and set up your free consultation.
How Does Collision Coverage Work?
Collision coverage is an optional insurance coverage in Georgia that pays to repair or replace your vehicle, less a deductible. You pick the amount of your deductible when you purchase this coverage. Collision coverage works regardless of who is at fault for the accident.
What Does Collision Insurance Cover?
Collision coverage will pay for damage to your vehicle if you are at fault, even in a one-car accident. For example, if the roads are slick and you slide into a stop sign, your property damage liability insurance will not pay for your car repairs (your liability coverage covers property damage you cause to other parties), but if you have collision coverage, it will pay to repair or replace your car if it is a total loss.
If you are at fault for a wreck with another vehicle, your property damage liability coverage will pay for the other party’s car repairs or replacement, and your collision insurance will repair or replace your vehicle.
Should You Buy Collision Insurance?
You might already have collision insurance if you make car payments or are leasing your car because the finance companies may require you to carry it.
Compare the expense of the collision coverage to how much you would have to spend to replace your vehicle with a similar one. If for example, you are insuring an old car worth only $1,500, you might not find the extra coverage worth it. On the other hand, if you have a $30,000 car, it may be worth it to add collision coverage to protect you in the event of a wreck.
Is There a Rule of Thumb for When to Buy Collision Insurance?
CarInsurance.com recommends that you buy collision insurance if:
- Your car is under 10 years old, or
- Your car is worth more than $3,000, regardless of age, or
- Repairing or replacing your car is not financially feasible for you.
Is There a Rule of Thumb for When to Drop Collision Insurance?
The same experts recommend that you think about dropping your collision insurance if your maximum possible payoff (the full value of your car minus your deductible) is not more than 10 times the cost of your annual collision premiums. In other words, it may not be worth it to pay $300 in annual premiums for an older car that has a maximum possible payoff of $2,500 (full value of the vehicle is $3,000, and the deductible is $1,000). You should not, however, drop collision coverage until you have paid off your auto loan.
Another rule of thumb for dropping coverage is to add up the cost of your comprehensive and collision coverage and your deductible. If the total is higher than what your car is worth, it may be time to drop the extra coverage. For example, if your combined collision and comprehensive coverage cost $500 a year, and you have a $1,000 deductible on an old, high-mileage car that has been in car accidents, the Blue Book value of the vehicle might be below $1,500. If so, it may not make financial sense to carry collision.
If you suffer injuries in an accident that somebody else causes, call the Law Office of Jason R. Schultz, P.C. at 404-474-0804. We will evaluate all available coverage and help you file the appropriate claims to recover compensation.