When your loved one suffers a wrongful death, it is critical that you, the surviving family members, are able to recover the compensation you are owed. The money from a wrongful death lawsuit can help pay for any losses as a result of the death, including:
- Lost companionship
- Lost wages
- Funeral costs
- Loss of future earnings
- Other losses incurred due to the death
Before filing a wrongful death lawsuit, you may have questions about where the money from such a suit comes from, and rightly so. Here’s what you need to know:
The Money Often Comes From the Insurance Company
The insurance company of the party responsible for the wrongful death is often who pays for a resulting lawsuit.
For instance, drivers in New York are required to carry auto insurance to cover any damages if a car accident occurs. However, there are a number of other ways that a wrongful death can happen, and it may be difficult to know what type of insurance will pay for the losses incurred.
Depending on the circumstance, a wrongful death claim may be paid out by any of the following types of insurance policies:
- Auto insurance
- Homeowner’s insurance
- Renter’s insurance
- Commercial property owner insurance
- Medical malpractice insurance
- Individually purchased insurance
Ultimately, most wrongful death cases are covered under one of the aforementioned types of insurance policies. A skilled attorney can help you decide which type of insurance is most appropriate for your case.
Your Loved One’s Honor Is Worth the Due Diligence
It’s important that your family feels justice is served on behalf of your late loved one. Compensation from a wrongful death lawsuit can help provide the money you need to financially recover from this taxing situation.
Don’t delay—reach out to our team right away to learn how we can help.