212-LAWYERS or (212) 344-1000

The Role of Excess Insurance Coverage in Personal Injury Cases  

What is Excess Insurance Coverage?

Concerning a car insurance policy, an excess policy means you have an insurance policy that is over and above your basic policy. Now, if you are doctor and have $1.3 million as insurance coverage, most of the time you are also going to have an excess insurance policy, which means you will have a policy over 1.3 million and typically it will be $3.9 million.

Why do People have Excess Insurance Coverage?

People have excess insurance policies to protect themselves. This is to ensure that if they are found responsible because of their carelessness, and the injuries they have caused are over and above the limits of their basic insurance policies, the excess insurance can kick in and cover the excess amount.

How is Excess Insurance Coverage Important to a Victim?

You can file a personal injury lawsuit to seek compensation for the harms and losses that you have suffered. It could be a car accident case, or a medical malpractice case in the state of New York, one of the key things your attorney will look for is the available insurance. How much insurance does the other driver have on his car, or what available insurance does the doctor have?

Does the doctor have a professional corporation that has separate insurance? Similarly, does the driver of the other car have a homeowner’s policy? If he has a homeowner’s policy, a policy of excess insurance could be available, over and above whatever policy limits he has.

It is critical when you suffer an injury because of someone else’s carelessness, to determine how much insurance they have and whether they have excess insurance which could cover your injuries, if your injuries are significant, permanent, or disabling. The main purpose of your personal injury case is to claim fair compensation for the harms and injuries you have suffered. It will take time to calculate the true value of your injuries and the losses you have suffered.

Your medical records will show the types of injuries you have suffered and the treatment you have undergone so far. A medical expert will also be called in at trial to testify about your prognosis and the costs you are likely to incur in the future because of the injuries you have sustained.

For instance, if you have suffered injuries and losses worth $2.5 million due to the carelessness of a doctor and the doctor only carries basic coverage of $1.3 million. In such an instance, the shortfall will have to be collected from the doctor’s personal assets, and if such an amount cannot be recovered, you may not attain the full value of your injuries.

The Focal Point

However, when the doctor has extra insurance coverage, the doctor does not have to pay from his personal assets and you too can recover the true value of your injuries – certainly in a shorter time period or in a more simplified manner.

NYC Personal Injury lawyer - RMFW Law Logo Inverted

Get a Free Consultation

No Win No Fee
April Johnson
April Johnson
15:54 30 Jun 23
Easy access to thr firm with a very nice Lawyer
Benjamin Roussey
Benjamin Roussey
19:03 29 Jun 23
No firm gets it done like RMFW. They are the best.They are awesome - for sure.
Roberto Martinez
Roberto Martinez
19:02 24 May 23
I’ve been in the personal injury field as an investigator for 29 years. All in New York City. Out of all the hundreds of Law Firms I’ve worked with, Rosenberg Minc Falkoff & Wolf, would have to be at the very top of my list. Amazing staff great attorneys.If you want the job done right, these are you guys.
Julio Ochoa
Julio Ochoa
20:49 18 May 23
I highly recommend Rosenberg, Minc, Falkoff & Wolff, LLP for their outstanding assistance in obtaining a settlement for an Erb's Palsy birth injury case. Their knowledge, dedication, and compassionate attitude were important in attaining a successful end. Their professionalism and assistance were simply outstanding from beginning to end. I am deeply thankful for their representation and would enthusiastically recommend them to anyone seeking justice in a similar situation.
Aisha Neri
Aisha Neri
20:29 18 May 23
I recently had the privilege of working with Rosenberg, Minc, Falkoff & Wolff, LLP on my daughter’s birth injury case involving Erb's Palsy, and I cannot express enough gratitude for their exceptional legal services. From the initial consultation to the successful settlement, they demonstrated profound expertise, unwavering dedication, and genuine compassion for my family's situation.From the very beginning, the team proved their commitment to justice. They thoroughly investigated the circumstances surrounding my child Erb's Palsy birth injury, leaving no stone unturned. Their extensive knowledge and understanding of medical malpractice law, coupled with their deep expertise in birth injury cases, provided us with tremendous confidence in their ability to handle our case.The attorneys at Rosenberg, Minc, Falkoff & Wolff consistently displayed exceptional professionalism and attention to detail throughout the entire legal process. They meticulously gathered evidence, consulted with medical experts, and built a compelling case that clearly outlined the negligence and liability on the part of the medical professionals involved. One aspect that truly stood out was the genuine care and compassion exhibited by Daniel Minc, Lorraine Licul, and the entire team at Rosenberg, Minc, Falkoff & Wolff. They treated us not just as clients but as individuals with unique emotions and concerns. They took the time to listen attentively to our worries, provided constant updates on the progress of our case, and promptly responded to our inquiries, ensuring we felt supported and reassured throughout the process. Their empathy and understanding made an immeasurable difference during such a challenging and emotionally taxing time.When it came time to negotiate a settlement, Daniel Minc demonstrated remarkable skill and tenacity. He fought fiercely on our behalf, advocating for fair compensation to cover any potential long-term effects of Erb's Palsy on my child's life. His negotiation skills were truly impressive, as they secured a settlement that exceeded our expectations and provided the financial resources necessary to support my child's future needs.I cannot recommend Rosenberg, Minc, Falkoff & Wolff highly enough to anyone seeking legal representation in Erb's Palsy birth injury cases or any other medical malpractice matters. Their extensive experience, unwavering dedication, and empathetic approach make them an exceptional choice for families navigating the complexities of birth injury litigation. Thanks to Rosenberg, Minc, Falkoff & Wolff, my family now has the means to provide the best care and opportunities for my child's future.If you are seeking a law firm that combines legal expertise with genuine compassion, look no further than Rosenberg, Minc, Falkoff & Wolff, LLP. They will tirelessly fight for your rights and ensure your voice is heard, providing you with the support and justice you deserve.
Aoki R
Aoki R
17:14 17 May 23
I highly recommend Rosenberg, Minc, Falkoff & Wolff, LLP. They are a team of dedicated professionals fully committed to their clients. I have witnessed the firm's amazing work ethic in my experience with their attorneys and Lorraine Licul. Lorraine is a knowledable, empathetic and results-driven professional. Minc is an excellent attorney and I greatly appreciate the firm's expertise.
Michael Levites
Michael Levites
17:42 12 May 23
I have recommended this firm to some of my friends and I heard back only positive feedback about the client responsiveness, diligence and hard work put in by these attorneys. I will continue to refer anyone who suffered a personal injury to Rosenberg Minc..
See All Reviews