When you consult a personal injury lawyer, you may be surprised to be asked about your own insurance policies. Many people think that the other person’s insurance is the one that will pay your personal injury claim.
This is mostly true, but your own insurance policies sometimes come into play. One example of this is called an “SEF 44 Family Protection Endorsement”, which is part of most people’s own car insurance policy.
The SEF 44 can be immensely important to you if you are injured by a driver with no insurance or inadequate insurance, especially if you have severe injuries such as brain injury, multiple fractures or chronic pain.
This is because the purpose of the SEF 44 part of your own policy is to pay the part of your claim that is above the other person’s insurance limits.
For example, if you and the other parties involved, including your SEF44 insurer, agree to settle your claim for $500,000.00, and the driver who injured you only has insurance of $200,000.00, your SEF44 policy would likely be responsible to pay the balance of $300,000.00.
The SEF44 policy is known as “last ditch” insurance, or “insurance of last resort”, so there may be money paid by other parties which would be taken off the amount payable by SEF44.
As you can see, if you are injured in a motor vehicle accident, it is very important for your personal injury lawyer to have information about all your insurance policies.
Article by Susan Fisher, a personal injury lawyer in Calgary, Alberta.