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What is a Split Liability Agreement?

June 14, 2018 Hastings and Hastings

In many accidents, no single person is entirely at fault. This can sometimes make it difficult to get compensation from the other party. In these situations, a split liability agreement may be the best course of action. In simple terms, this agreement proclaims both parties to carry some fault for the accident. However, it does not mean this liability is divided evenly between the two parties involved. If your personal injury attorney feels there is not enough evidence to prove the other party is fully to blame for your injuries, you may need to pursue a split liability settlement.

In an accident where it is unclear which party is truly at fault for the accident, a split liability agreement is the only way to ensure a fair resolution for everyone. If the other party is mostly at fault, you may only see a small reduction in the amount of money you are owed. It all depends on the amount of fault assigned to each party.

When Is This Agreement Best?

A split liability agreement isn’t the best course of action in every car accident where fault isn’t clear. In many auto accident situations, one insurance company may push an injured party for a settlement. These settlements are often unfair to the injured party and may falsely assign blame or provide a much lower level of compensation than is typically required. This is why you should never agree to a settlement without first discussing your options with a qualified attorney. If there is evidence to prove the other party is at fault for your injuries, it’s best to pursue the full compensation. However, in some cases, your personal injury attorney will recommend pursuing a split liability agreement to protect your rights.

Contact an Attorney Right Away

The insurance company is likely to push for a settlement quickly after an accident. They often feel individuals are more likely to settle when they don’t have the time to fully consider their options. However, it’s best to wait until after you consult with an experienced lawyer before you even speak to the insurance company, In fact, if you hire the services of a personal injury attorney, they will speak to the insurance company on your behalf and will make sure you don’t settle for less than what you are owed. If you do decide a split liability agreement is your best course of action for getting compensation, they will be able to guide you through the process and ensure you don’t receive less than w hat you are owed.These attorneys understand how stressful this time can be and strive to make the process as easy as possible so you can focus on your recovery.