A person injured because of the negligence of someone else may be able to take advantage of what in Colorado is known as the Make Whole Law. There are a number of ways in which the Colorado Make Whole Law can come into play in a particular case. Before divining into these elements of the law, it is important to note that effectively taking advantage of the Colorado Make Whole Law can be a complicated endeavor for a person who does not have a background in the law. In other words, the best way to protect a person’s rights and interests in the aftermath of an accident is retaining the services of a skilled, experienced Colorado personal injury attorney, like one on the legal team at Harding & Associates.
Subrogation and the Colorado Make Whole Law
Subrogation involves an insurance company claiming proceeds from a settlement or judgment associated with a personal injury claim to reimburse money it previously paid to the injured person. For example, if a health insurance company paid out $8,547 to cover medical bills of an insured injured in a car accident, that insurer may pursue subrogation to obtain a reimbursement of this amount from an ultimate settlement or judgment.
The Colorado Make Whole Law and Attorney Fees
Pursuant to the provision of the Colorado Make Whole Law, if an injured person hired an attorney, the amount sought by the insurance company will be offset by the fees paid to an attorney. For example, if attorney fees in a particular case ended up being $9,000, the health insurance company would not be entitled to any reimbursement under the Colorado Make Whole Law.
The Colorado Make Whole Law and Incomplete Compensation
If after a settlement is reached or a judgment is handed down in a case the injured person has not been fully compensated, the Colorado Make Whole also comes into play. For example, consider a situation in which $10,000 in losses remained outstanding even after a settlement or judgment in a particular case. In such a situation, the health insurance company will not be able to obtain a reimbursement of the $8,547 because the injured party was not fully compensated through the settlement or judgment for his or her injuries.
Professional Legal Assistance from Harding & Associates
A person dealing with the aftermath of a personal injury should schedule an initial consultation with a lawyer from Harding & Associates by calling 800-878-7888 or 303-762-9500. There is no cost for an initial consultation with a personal injury attorney from Harding & Associates.