[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:12.16,0:00:13.99,Default,,0000,0000,0000,,Being in an accident is tough enough,
Dialogue: 0,0:00:14.22,0:00:16.49,Default,,0000,0000,0000,,but depending on which state the accident takes place,
Dialogue: 0,0:00:16.74,0:00:18.86,Default,,0000,0000,0000,,can determine how much money you can recover
Dialogue: 0,0:00:18.86,0:00:21.42,Default,,0000,0000,0000,,from another driver or another insurance company.
Dialogue: 0,0:00:23.61,0:00:24.44,Default,,0000,0000,0000,,In this video,
Dialogue: 0,0:00:24.57,0:00:26.21,Default,,0000,0000,0000,,I'm going to talk about negligence
Dialogue: 0,0:00:26.45,0:00:29.64,Default,,0000,0000,0000,,and the difference between comparative and contributory negligence.
Dialogue: 0,0:00:32.36,0:00:33.27,Default,,0000,0000,0000,,Before we get started,
Dialogue: 0,0:00:33.36,0:00:35.52,Default,,0000,0000,0000,,I want to invite you all to subscribe to the channel
Dialogue: 0,0:00:35.52,0:00:38.39,Default,,0000,0000,0000,,to stay informed and learn more about your insurance policies.
Dialogue: 0,0:00:40.72,0:00:41.48,Default,,0000,0000,0000,,So, to start,
Dialogue: 0,0:00:41.59,0:00:42.79,Default,,0000,0000,0000,,what is negligence?
Dialogue: 0,0:00:43.24,0:00:46.27,Default,,0000,0000,0000,,Negligence basically means your actions caused harm
Dialogue: 0,0:00:46.27,0:00:47.84,Default,,0000,0000,0000,,or a loss to another individual.
Dialogue: 0,0:00:49.14,0:00:49.75,Default,,0000,0000,0000,,For example,
Dialogue: 0,0:00:49.90,0:00:51.41,Default,,0000,0000,0000,,if you rear end another driver,
Dialogue: 0,0:00:51.54,0:00:54.13,Default,,0000,0000,0000,,you are 100% negligent for that accident
Dialogue: 0,0:00:54.78,0:00:58.45,Default,,0000,0000,0000,,and your negligence would be that you were not paying enough attention to the road
Dialogue: 0,0:00:58.45,0:01:02.01,Default,,0000,0000,0000,,and keeping enough distance between you and the driver that was in front of you.
Dialogue: 0,0:01:03.24,0:01:05.27,Default,,0000,0000,0000,,Now there are two types of negligence,
Dialogue: 0,0:01:05.72,0:01:08.75,Default,,0000,0000,0000,,comparative negligence and contributory negligence.
Dialogue: 0,0:01:09.28,0:01:10.70,Default,,0000,0000,0000,,Comparative negligence
Dialogue: 0,0:01:11.00,0:01:13.11,Default,,0000,0000,0000,,looks at the drivers involved in an accident
Dialogue: 0,0:01:13.32,0:01:14.51,Default,,0000,0000,0000,,and asks the question,
Dialogue: 0,0:01:14.76,0:01:17.57,Default,,0000,0000,0000,,did one driver's actions cause the accident
Dialogue: 0,0:01:17.80,0:01:19.24,Default,,0000,0000,0000,,more than the other drivers?
Dialogue: 0,0:01:20.67,0:01:21.55,Default,,0000,0000,0000,,For example,
Dialogue: 0,0:01:21.71,0:01:24.22,Default,,0000,0000,0000,,if two vehicles are backing out of a parking space
Dialogue: 0,0:01:24.42,0:01:25.92,Default,,0000,0000,0000,,and they back into each other
Dialogue: 0,0:01:26.11,0:01:29.30,Default,,0000,0000,0000,,and the damages to the back bumpers of each of the vehicles
Dialogue: 0,0:01:29.63,0:01:31.74,Default,,0000,0000,0000,,under the law of comparative negligence,
Dialogue: 0,0:01:32.07,0:01:34.83,Default,,0000,0000,0000,,both drivers would share the responsibility and recover
Dialogue: 0,0:01:34.83,0:01:37.50,Default,,0000,0000,0000,,50% of the damages from the other driver.
Dialogue: 0,0:01:38.71,0:01:38.72,Default,,0000,0000,0000,,This
Dialogue: 0,0:01:38.94,0:01:41.77,Default,,0000,0000,0000,,is an example of pure comparative negligence,
Dialogue: 0,0:01:42.10,0:01:44.85,Default,,0000,0000,0000,,and each driver can recover money from the other party
Dialogue: 0,0:01:44.85,0:01:47.29,Default,,0000,0000,0000,,in the amount in which they are not at fault.
Dialogue: 0,0:01:47.78,0:01:49.25,Default,,0000,0000,0000,,So, with this same example,
Dialogue: 0,0:01:49.50,0:01:53.65,Default,,0000,0000,0000,,let's say that driver 1's damages came to be $800
Dialogue: 0,0:01:54.06,0:01:57.93,Default,,0000,0000,0000,,and driver 2's damages came to be $600.
Dialogue: 0,0:01:58.66,0:02:01.87,Default,,0000,0000,0000,,Since both drivers are 50% liable for the accident,
Dialogue: 0,0:02:02.40,0:02:05.82,Default,,0000,0000,0000,,driver 1 can recover $400 for their damages.
Dialogue: 0,0:02:06.44,0:02:10.38,Default,,0000,0000,0000,,And driver 2 can recover $300 for their damages.
Dialogue: 0,0:02:10.95,0:02:11.18,Default,,0000,0000,0000,,Now,
Dialogue: 0,0:02:11.19,0:02:15.42,Default,,0000,0000,0000,,comparative negligence laws also have what they like to call modifiers,
Dialogue: 0,0:02:15.83,0:02:18.82,Default,,0000,0000,0000,,and the modifiers can vary depending on the state that you live in.
Dialogue: 0,0:02:19.57,0:02:23.74,Default,,0000,0000,0000,,The modifiers will restrict how much money you can recover from another driver
Dialogue: 0,0:02:24.01,0:02:25.32,Default,,0000,0000,0000,,or the insurance company,
Dialogue: 0,0:02:25.65,0:02:27.97,Default,,0000,0000,0000,,depending on your percentage of fault for the accident.
Dialogue: 0,0:02:29.86,0:02:30.73,Default,,0000,0000,0000,,Each state
Dialogue: 0,0:02:30.94,0:02:34.33,Default,,0000,0000,0000,,that adheres to the modified comparative negligence laws
Dialogue: 0,0:02:34.78,0:02:37.05,Default,,0000,0000,0000,,follow either the 50% bar rule
Dialogue: 0,0:02:37.38,0:02:39.14,Default,,0000,0000,0000,,or the 51% bar rule.
Dialogue: 0,0:02:42.06,0:02:44.73,Default,,0000,0000,0000,,12 states follow the 50% bar rule,
Dialogue: 0,0:02:45.22,0:02:49.42,Default,,0000,0000,0000,,meaning a damaged party cannot recover if it is 50% more at fault.
Dialogue: 0,0:02:50.42,0:02:53.49,Default,,0000,0000,0000,,But if it is 49% or less at fault,
Dialogue: 0,0:02:53.70,0:02:55.82,Default,,0000,0000,0000,,it can recover for its damages.
Dialogue: 0,0:02:57.03,0:03:00.30,Default,,0000,0000,0000,,21 states follow the 51% bar rule
Dialogue: 0,0:03:00.63,0:03:05.47,Default,,0000,0000,0000,,under which a damaged party cannot recover if it is 51% or more at fault.
Dialogue: 0,0:03:06.46,0:03:08.53,Default,,0000,0000,0000,,Now under the 50% bar rule,
Dialogue: 0,0:03:08.98,0:03:12.13,Default,,0000,0000,0000,,if a driver is 49% or less at fault,
Dialogue: 0,0:03:12.46,0:03:14.70,Default,,0000,0000,0000,,they can recover their damages,
Dialogue: 0,0:03:15.10,0:03:15.74,Default,,0000,0000,0000,,but
Dialogue: 0,0:03:16.10,0:03:20.66,Default,,0000,0000,0000,,how much they can recover is reduced by how much they are at fault for the accident.
Dialogue: 0,0:03:21.79,0:03:24.85,Default,,0000,0000,0000,,The same thing goes for the 51% bar rule.
Dialogue: 0,0:03:25.16,0:03:29.29,Default,,0000,0000,0000,,If a driver is found to be 50% or less at fault for an accident,
Dialogue: 0,0:03:29.96,0:03:31.47,Default,,0000,0000,0000,,they can also recover,
Dialogue: 0,0:03:31.76,0:03:34.51,Default,,0000,0000,0000,,but the amount that they can recover from the other driver
Dialogue: 0,0:03:35.00,0:03:38.88,Default,,0000,0000,0000,,is also reduced by the amount that they are at fault for the accident.
Dialogue: 0,0:03:40.37,0:03:41.44,Default,,0000,0000,0000,,So, for example,
Dialogue: 0,0:03:41.63,0:03:45.26,Default,,0000,0000,0000,,if driver 1 and driver 2 were involved in another accident
Dialogue: 0,0:03:45.79,0:03:49.09,Default,,0000,0000,0000,,and driver 1 is 70% at fault for the damages
Dialogue: 0,0:03:49.31,0:03:52.06,Default,,0000,0000,0000,,and driver 2 is 30% at fault,
Dialogue: 0,0:03:52.47,0:03:55.98,Default,,0000,0000,0000,,let's say if driver 1's damages came out to be $1000
Dialogue: 0,0:03:56.59,0:03:59.78,Default,,0000,0000,0000,,and driver 2's damages came out to be $300.
Dialogue: 0,0:04:00.91,0:04:03.86,Default,,0000,0000,0000,,Let's also say that this accident took place in Colorado.
Dialogue: 0,0:04:05.00,0:04:07.64,Default,,0000,0000,0000,,One of the states that follows the 50% bar rule.
Dialogue: 0,0:04:09.19,0:04:12.74,Default,,0000,0000,0000,,Given that driver 1 is 70% at fault for the accident,
Dialogue: 0,0:04:13.31,0:04:16.47,Default,,0000,0000,0000,,they will not be able to recover any of their damages from driver 2.
Dialogue: 0,0:04:17.99,0:04:22.00,Default,,0000,0000,0000,,But since driver 2 is only 30% at fault for the accident,
Dialogue: 0,0:04:22.47,0:04:25.83,Default,,0000,0000,0000,,they can recover 70% of their damages from driver 1.
Dialogue: 0,0:04:27.39,0:04:30.98,Default,,0000,0000,0000,,Now let's take the same accident underneath the 50% bar rule
Dialogue: 0,0:04:31.43,0:04:34.63,Default,,0000,0000,0000,,and say that both drivers were 50% at fault for the accident.
Dialogue: 0,0:04:35.61,0:04:37.67,Default,,0000,0000,0000,,Underneath the 50% bar rule,
Dialogue: 0,0:04:37.92,0:04:40.51,Default,,0000,0000,0000,,neither driver will be able to recover from one another.
Dialogue: 0,0:04:42.68,0:04:45.04,Default,,0000,0000,0000,,But under the 51% bar rule,
Dialogue: 0,0:04:45.49,0:04:48.77,Default,,0000,0000,0000,,both drivers will be able to recover 50% of their damages.
Dialogue: 0,0:04:50.35,0:04:53.21,Default,,0000,0000,0000,,Most states follow comparative negligence laws,
Dialogue: 0,0:04:53.34,0:04:56.81,Default,,0000,0000,0000,,but they differ between pure and modified comparative negligence.
Dialogue: 0,0:04:58.13,0:05:02.07,Default,,0000,0000,0000,,The chart and the video will show which states follow which particular laws.
Dialogue: 0,0:05:06.00,0:05:08.19,Default,,0000,0000,0000,,This chart here is a good reference guide
Dialogue: 0,0:05:08.42,0:05:11.55,Default,,0000,0000,0000,,to which states follow either pure or modified
Dialogue: 0,0:05:11.72,0:05:13.40,Default,,0000,0000,0000,,comparative negligence laws.
Dialogue: 0,0:05:14.40,0:05:16.58,Default,,0000,0000,0000,,Now let's go to contributory negligence.
Dialogue: 0,0:05:17.84,0:05:19.40,Default,,0000,0000,0000,,Contributory negligence
Dialogue: 0,0:05:19.80,0:05:23.47,Default,,0000,0000,0000,,looks at drivers that are involved in an accident and ask the question,
Dialogue: 0,0:05:23.76,0:05:26.71,Default,,0000,0000,0000,,did each driver contribute to the accident taking place?
Dialogue: 0,0:05:27.89,0:05:30.56,Default,,0000,0000,0000,,If a driver contributed to the accident taking place,
Dialogue: 0,0:05:30.77,0:05:33.32,Default,,0000,0000,0000,,then they cannot recover any money from the other party.
Dialogue: 0,0:05:34.28,0:05:35.27,Default,,0000,0000,0000,,So, for example,
Dialogue: 0,0:05:35.40,0:05:37.83,Default,,0000,0000,0000,,if two vehicles are backing out of a parking space
Dialogue: 0,0:05:38.08,0:05:39.55,Default,,0000,0000,0000,,and they back into one another
Dialogue: 0,0:05:40.00,0:05:42.23,Default,,0000,0000,0000,,under the law of contributory negligence,
Dialogue: 0,0:05:42.56,0:05:44.99,Default,,0000,0000,0000,,both drivers share the responsibility
Dialogue: 0,0:05:45.28,0:05:47.97,Default,,0000,0000,0000,,and cannot recover their damages from the other driver.
Dialogue: 0,0:05:48.92,0:05:49.79,Default,,0000,0000,0000,,In this example,
Dialogue: 0,0:05:49.99,0:05:52.70,Default,,0000,0000,0000,,both drivers would be at least 1% at fault
Dialogue: 0,0:05:52.99,0:05:55.62,Default,,0000,0000,0000,,and under contributory negligence laws,
Dialogue: 0,0:05:55.87,0:05:58.50,Default,,0000,0000,0000,,neither driver can recover from the other party.
Dialogue: 0,0:05:59.11,0:06:01.91,Default,,0000,0000,0000,,Only the District of Columbia and 4 other
Dialogue: 0,0:06:01.91,0:06:05.06,Default,,0000,0000,0000,,states practice in pure contributory negligence laws,
Dialogue: 0,0:06:05.39,0:06:06.78,Default,,0000,0000,0000,,and they are Alabama,
Dialogue: 0,0:06:07.11,0:06:08.06,Default,,0000,0000,0000,,Maryland,
Dialogue: 0,0:06:08.40,0:06:09.14,Default,,0000,0000,0000,,Virginia,
Dialogue: 0,0:06:09.35,0:06:10.46,Default,,0000,0000,0000,,and North Carolina.
Dialogue: 0,0:06:11.96,0:06:13.93,Default,,0000,0000,0000,,So, this has been the basics of negligence
Dialogue: 0,0:06:14.14,0:06:17.98,Default,,0000,0000,0000,,and the difference between comparative negligence and contributory negligence.
Dialogue: 0,0:06:19.13,0:06:20.84,Default,,0000,0000,0000,,If you found the video informative,
Dialogue: 0,0:06:21.11,0:06:22.24,Default,,0000,0000,0000,,share it with a friend,
Dialogue: 0,0:06:22.57,0:06:23.78,Default,,0000,0000,0000,,subscribe to the channel,
Dialogue: 0,0:06:24.05,0:06:27.45,Default,,0000,0000,0000,,and thank you for allowing The Insurance Quotient to keep you informed.