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 Posted: Wed May 20, 2009 8:29 pm Post subject: |
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logically it makes sense, but like you guys said previously, i live in the state of CA, the state where anything can be used as an excuse to sue...especially in this economy, suing people would be an easy way out...
ive talked to my adjuster and they said they can't offer their opinion on whether i should disclose my policy limits or not, they can only offer the process and whats the status of the situation/claim, but cannot in anyway give legal advice...which disappointed me...but after further thought, since i only have the minimum amount of coverage 15/30...i decided to disclose my information based on the opinions of lori and tcope...hopefully they will settle within this limit...
one question though, when they release the information to the attorney; they would only release the policy limits corresponding to the car at the time of the accident right? they wouldn't need to release every bit of information that is say my cousins car, since im under his policy?
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pleasehelpme2
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| Posted: Thu May 21, 2009 12:09 am Post subject: |
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| Quote: | | they would only release the policy limits corresponding to the car at the time of the accident right? |
Yup, just your BI limits at the time of the accident on your policy only. Since you have minimum limits I think you should release the limit information as well. I can't see this hurting you... only making it easier for the adjuster to settle the loss. |
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tcope
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| Posted: Thu May 21, 2009 1:14 am Post subject: |
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I agree low limits let 'em know...stop the 'therapy' 
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Lori
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| Posted: Thu May 21, 2009 6:10 am Post subject: |
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thanks, this site and post is very helpful....
i was just as confused as the next person, just like niki
but with the answering of the questions by tcope, lori, and whomever else that did...it gave us a better mindset as to what to expect, rather than walking alone in a dark tunnel...thank you very much! your words and opinions are valued and appreciated...
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pleasehelpme2
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| Posted: Thu May 21, 2009 6:56 am Post subject: |
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| Quote: | | i decided to disclose my information based on the opinions of lori and tcope...hopefully they will settle within this limit... |
As Lori and Tcope has said releasing the policy limit would save both time and trouble.
The other party would get the maximum of the policy limit even if they sue. However, that wouldn't stop them from getting a judgement against you if the claim is indeed worth more than the coverage level.
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Rupert |
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RupertWBradson
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| Posted: Thu May 21, 2009 10:14 am Post subject: |
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| Quote: | | As Lori and Tcope has said releasing the policy limit would save both time and trouble. |
In this particular situation only...I'm not advocating that each and every time, and doubt tcope is either... 
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Lori
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| Posted: Thu May 21, 2009 11:10 am Post subject: |
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| Quote: | | In this particular situation only...I'm not advocating that each and every time, and doubt tcope is either... |
Would you recommend the policy holder or the adjuster to disclose the policy limit when the claimant sounds greedy?
Even if you have the state minimum I don't think its always wise to disclose the policy limit since you don't owe them more than what loss you have caused to them. |
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kelvin
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| Posted: Thu May 21, 2009 11:52 am Post subject: |
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| Quote: | | Would you recommend the policy holder or the adjuster to disclose the policy limit when the claimant sounds greedy? |
Not if you have high limits | Quote: | | Even if you have the state minimum I don't think its always wise to disclose the policy limit since you don't owe them more than what loss you have caused to them. |
In my career I have seldom released limits info...and there are differing opinions on that..however I agree that if it appears the injury will get close to the limits it's typcially a sound move
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Lori
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| Posted: Thu Mar 24, 2011 5:50 am Post subject: Find Attorney |
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Yup!! this is a very helpful site.This is a wonderful sight to get knowledge about any legal matter.This helped me a lot and also will be useful for you.
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peterfernandes238
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| Posted: Thu Mar 24, 2011 5:53 am Post subject: Find Attorney |
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Yup!! this is a very helpful site.This is a wonderful sight to get knowledge about any legal matter.This helped me a lot and also will be useful for you.
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Find Attorney |
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peterfernandes238
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