While the at-fault driver, negligent property owner, or other defendant is the one who is legally liable for your catastrophic injuries, most personal injury lawsuit settlements aren’t paid directly by the defendant. Instead, they’re paid by an insurance company.
Depending on the circumstances of your injury, a catastrophic accident insurance payout might be made through any of the following types of insurance policies:
Auto insurance
Commercial auto insurance
Business insurance
Commercial property insurance
Homeowner’s insurance
Renter’s insurance
Professional liability insurance, including malpractice insurance for healthcare providers
It’s not uncommon for accidents to be caused by the negligence of a person or entity that the victim has a relationship with, like the driver of a car in which the victim was a passenger or a retail store at which the victim was a regular customer. Knowing that you can get the compensation you need to move forward with life after a catastrophic injury without the defendant being directly responsible for paying your claim can be a relief if you are hesitant to sue a friend, relative, or acquaintance.