If you've been injured in an accident in Milwaukee, you might be wondering whether it's worth hiring a personal injury lawyer to help you with your case. Dealing with the aftermath of an injury can be overwhelming, and navigating the legal process on your own can seem daunting. 

Why Hire a Milwaukee Personal Injury Lawyer?

  • Experience and Guidance: Milwaukee personal injury lawyers have experience in handling various personal injury cases. They have a deep understanding of Wisconsin's personal injury laws and have experience dealing with insurance companies and other parties involved in personal injury claims. Their guidance can be invaluable in navigating the complexities of your case and maximizing your chances of receiving fair compensation.
  • Legal Representation: When you hire a personal injury lawyer, you have someone on your side who is solely focused on advocating for your best interests. Your lawyer will handle all communication with insurance companies and other parties, making sure that your rights are protected throughout the process. This can alleviate stress and allow you to focus on your recovery while your lawyer works to secure the compensation you deserve.
  • Maximizing Compensation: Personal injury lawyers are skilled negotiators who know how to assess the true value of your claim. They will carefully evaluate all aspects of your case, including medical expenses, lost wages, pain and suffering, and future damages, to determine the full extent of your losses. By building a strong case on your behalf, they can often negotiate a higher settlement than you would be able to achieve on your own.
  • Trial Experience: While many personal injury cases are settled out of court, some may require litigation to achieve a favorable outcome. If your case goes to trial, having a skilled litigator on your side can make all the difference. Milwaukee personal injury lawyers have trial experience and are prepared to advocate for you in the courtroom if necessary, increasing your chances of success.
  • Peace of Mind: Perhaps most importantly, hiring a personal injury lawyer can provide you with peace of mind during a challenging time. Knowing that you have a dedicated legal professional handling your case can alleviate stress and uncertainty, allowing you to focus on your recovery and moving forward with your life.

Contact Natasha Misra Law Today 

Hiring a Milwaukee personal injury lawyer is often worth the investment if you've been injured in an accident. From their guidance and experience to their ability to maximize compensation and provide peace of mind, a personal injury lawyer can be an invaluable asset in navigating the legal process and securing the outcome you deserve. If you're unsure whether you need legal representation, consider scheduling a consultation with a Milwaukee personal injury lawyer to discuss your case and explore your options. Contact Natasha Misra Law today to get started on your case.

According to the Insurance Information Institute, most vehicles depreciate twenty-percent within the first year. If your vehicle is totaled in an accident, auto insurance will likely cover the value of the vehicle at the time of the accident. But, what if the value is less than what you still owe on your auto loan?

Gap insurance covers what your standard auto policy does not. Rather than being left to make loan payments on a vehicle you cannot drive, gap insurance makes sure your auto loan is paid off.

So, what exactly is gap insurance, and do you need it?  Here we explain how standard insurance policies handle totaled vehicles and how gap insurance works.

Will insurance cover my totaled car if I still owe money on it?

Yes, auto insurance will cover your totaled car, but coverage is based on the current value of the vehicle, not the remaining balance on your auto loan which includes interest. Generally, auto insurance providers total a vehicle if the cost of repairs exceeds the actual cash value of the vehicle. If you have an outstanding auto loan on the vehicle, the insurance reimbursement will go directly to your loan provider who is the lienholder of the vehicle.

What happens if my car is totaled and I owe more than it is worth?

Because cars depreciate over time, it is not uncommon for this to happen. Auto insurance will make a payment to the lender for the depreciated value of the vehicle. If this is less than the outstanding balance on the loan, you will be responsible for continuing payments out-of-pocket until the loan has been paid in full, unless you have gap insurance.

What is gap insurance?

If your car is stolen or totaled in an accident and you owe more than the car’s value at the time of the loss, gap insurance covers the difference between the value of the car and the remaining balance on the auto loan. Gap insurance is intended to protect you from having to make payments on a car you can no longer use. Many dealerships offer gap insurance, but it is also available as an add-on through many insurance providers.

For example, gap insurance from Toyota Financial Services (TFS) will either waive or pay the deficiency balance, or the difference between what is owed on the vehicle and what the insurance company will pay if the vehicle is declared a total loss. So, if you owe $23,000 on your vehicle and receive $20,000 from the auto insurance company, you would be responsible for $3,000 out-of-pocket. However, gap coverage from TFS would cover this $3,000 balance.

Can an attorney help me with gap insurance?

Yes, a car accident attorney will make sure your gap insurance is appropriately applied to resolve any remaining balance on your auto loan. Save yourself the headache of the back-and-forth with your loan provider and insurance company and contact Milwaukee personal injury attorney Natasha Misra Law today.

Natasha Misra

My law practice is dedicated to helping people who have suffered injuries in accidents which were not their fault. Born and raised in Milwaukee, I come from a family of medical professionals. My background and experience help me understand and represent individuals injured in accidents.