The Commonwealth of Virginia has a minimum liability requirement of $25,000 per person per accident, with a limit of $50,000 per accident. Virginia also requires that this minimum liability carries $20,000 for property damage. If the insurance company is offering less than this when your damages equal more than that number, you are being offered a lowball settlement. 

In the event that your damages are worth more that this minimum liability coverage, your own insurance policy should have underinsured driver coverage. Virginia requires all of its insurance carriers to have mandatory uninsured or underinsured driver coverage. If your insurance company tells you differently, you should contact an attorney immediately.

 


Q: The Insurance Company of the other driver says that the policy won’t cover all of my damages and injuries and are refusing to pay. What are my options?

A: The Commonwealth of Virginia has a minimum liability requirement of $25,000 per person per accident, with a limit of $50,000 per accident. Virginia also requires that this minimum liability carries $20,000 for property damage. If the insurance company is offering less than this when your damages equal more than that number, you are being offered a lowball settlement. In the event that your damages are worth more that this minimum liability coverage, your own insurance policy should have underinsured driver coverage. Virginia requires all of its insurance carriers to have mandatory uninsured or underinsured driver coverage. If your insurance company tells you differently, you should contact an attorney immediately.


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