How much money does an insurance company pay out for accidents related to alcohol?

Answer 1

Well, this is a wide open question, and needs to be answered with more questions, I'm afraid. Are you referring to an insurance company to "pay out" for property damages or for bodily injury? If for property damage, the insurance company will never pay more than ACV (actual cash value). If for bodily injury, if the At Fault party was found to be under the influence of alcohol, then 'punitive' damages would certainly come under consideration. This would consitute additional dollars paid to the tortfeasor (the injured party)and to be considered 'punitive' or, required of the defendant as 'punishment' for his/her actions. However, insurance companies do not pay 'punitive damages'. The reason the insurance companies do not pay for 'punitive damages' is because by their very nature (and I'm sure you can tell by their name), they are intended to be punitive; they are intended to serve as 'punishment'. If our insurance company paid out dollars that are to be our 'punishment', then we are not 'punished'. Punitive damages are only awarded by juries, when a claim has escalated to a 'complaint' filed in civil court. They can also be awarded by a judge.