In Oklahoma, everyone is required to have, at a minimum, a 25/50 liability insurance policy on their vehicle.  What does 25/50 mean?  It means that there is $25,000 of liability insurance available to each person injured.  However, there is only $50,000 available total.  For example, if Johnny causes a crash with Sally and her daughter, and both Sally and her daughter are killed, there would be $25,000 available for Sally’s estate and $25,000 available for her daughter’s estate.  However, if Sally’s son was also in the vehicle and was killed, there would only be a total of $50,000 available for all three and none can receive more than $25,000.  Thus, if Sally’s estate received $25,000 and her daughter’s estate received $25,000, there would be no insurance available for Sally’s son’s estate.

            The above concept applies regardless of the insurance policy limits.  If, for example, the policy was a 100/300 insurance policy.  There would be a maximum of $300,000 available to the three estates, Sally’s, her daughter’s and her son’s.  However, each has a maximum of $100,000 each.  Sally could not get $200,000 and her children each receive $50,000 because Sally’s share is over $100,000 despite the fact that the total is $300,000. 

            Thus, if Johnny hit a school bus containing 25 children, the maximum total that the children would receive would be $300,000 despite the fact that the total of all 25 children’s damages is far above $300,000.  Plus, if three of the children receive $100,000 each, there would be nothing left for the other 22 children.

            That is why it is important that you contact a personal injury attorney as soon as possible after the crash. If you or a loved one has been injured, don’t call the wrongdoer’s insurance company, call the Scott Ray Law Firm at 580-248-5557.  Get the compensation you deserve for the injuries that were so needlessly caused.

Get Help Now