Is there a maximum amount I can collect from an accident?

Much of this depends on what the at-fault party is able to pay. It doesn’t make a lot of sense to spend time and money going to trial if there’s no ability to collect. So, generally we look at the coverage policy limits to see what is available to us. Additionally, if you’ve sustained severe injuries, we want to make sure there’s no umbrella policy. An umbrella policy is one that covers any negligence and damages that are beyond the person’s car insurance policy. Oftentimes, when you see, say, a million dollar umbrella policy, it’s because the person has assets that they want to protect and don’t want to expose to a jury verdict. The amount to which you’d be limited would be the policy limit, combined with your un- or underinsured motorist coverage, and in rare cases, the possibility that the person in questions has substantial assets to collect against.