Whether you are an injured rideshare driver, passenger, or another motorist hit by a rideshare vehicle, you are entitled to compensation for your losses. This can include payment for medical treatment, lost wages, property damage, and the emotional trauma you endure.
If another driver is involved, you may need to negotiate with three different insurance companies to reach a settlement agreement. Often, insurers try to take advantage by offering as little as possible. Navigating Paramus Lyft accident settlements can be complex and time-consuming, but an experienced rideshare accident attorney can help you pursue the recovery you deserve. At Fredson Statmore Bitterman, LLC, we offer a complimentary consultation to discuss how we can help you. Contact us today to learn more.
How Does Insurance Affect Settlement Negotiations?
New Jersey recognizes three stages of activity for Lyft drivers and mandates varying amounts of insurance coverage for each. The first stage applies when the driver is logged into the Lyft app but has not accepted the fare. During the second stage, the driver is traveling to pick up a passenger. In the third stage, the driver is transporting a passenger. Lyft provides $50,000 in liability insurance per person, up to $100,000 per accident, and up to $25,000 for property damage at the first stage. In the second and third stages, Lyft provides $1.5 million in liability insurance to cover bodily injury, death, and property damage, $1.5 million in uninsured/underinsured motorist coverage, and $10,000 in medical coverage for drivers.
As per the state’s minimum requirements, Lyft drivers and other private vehicle drivers involved in Lyft accidents must also have personal insurance. The Lyft driver should have professional rider insurance because a collision during the first stage could cost the other party more than $50,000 in medical expenses alone, and the injured party could sue the driver to cover the difference. This is also when personal insurance companies shift the blame and deny responsibility for the Lyft driver’s commercial endeavors. In such cases, Lyft will pass the responsibility to the driver’s personal insurance carrier.
Our team is familiar with insurance disputes and the complexity of rideshare coverage requirements. Your attorney can negotiate with insurance companies on your behalf to secure a settlement in a Lyft crash in Paramus. We fight tenaciously to help you win the compensation you need to cover your losses.
Why Are Settlement Offers Often Unfair?
Insurance companies have a reputation for offering less than what a claim is worth, and you will likely find it stressful and frustrating to negotiate on your own with as many as three companies. At Fredson Statmore Bitterman, LLC, we provide small-firm attention with big-firm results. We are not intimidated by corporate insurance companies that are liable to shareholders. We can achieve a favorable outcome by providing evidence in support of our demands. Big insurers often prefer to settle rather than litigate, and armed with convincing evidence, we can negotiate a suitable settlement. Our car accident lawyers in Paramus can help you maximize your settlement after a collision with a Lyft vehicle.
Speak With an Attorney in Paramus About Your Lyft Wreck Settlement
Whether you are a Lyft driver, a passenger, or a third-party motorist who was involved in a Lyft rideshare collision, receiving compensation for your injuries is complicated by the involvement of numerous insurance companies. Negotiating settlements requires special skill when you are dealing with highly qualified corporate professionals.
At Fredson Statmore Bitterman, LLC, our lawyers are familiar with the nuances of these cases and successfully navigate them daily. We help our clients pursue the Paramus Lyft accident settlements they deserve. We do not submit to insurers; we can fight for your rights. Call us today for a free case assessment.
