by Islandflashback » Sun Sep 14, 2008 12:12 am
My wife was driving my car with me as a passinger, she stoped at a yeild sign the started through intersection and we were hit as the other car came around the bend. It was determined to be our fault. Damages for my car and the other car were paid by my insurance company. Now 2 years later we are told he is claiming more medical and emotional damages and his wife who was not in the car is caliming loss of affection and other things in excess of the 100,000 limit on my insurance. My wife is very concerned about the loss of our home, we don't have any money to pay any more. By the way the guy I hit is an accident attorney. What should we do? We live in the state of NH.
Posted: Thu Oct 02, 2008 11:00 am Post Subject:
easier to get the money from them first...then see if there is any need to go after you personally
just a minor correction here for anyone reading this thread...ok, if you have ins...and the injured party files a claim and is paid, a release is signed...no carrier or adjuster will pay a penny without one signed (injury claims) once that is signed the other party cannot forever and ever come after the insured ... period....if say an insured has 10k limits and the other party is horribly injured and has a 100k claim...the carrier will offer up limits FOR A RELEASE if they won't sign it then they can sue and get a judgement lets say for 50k...the carrier then and only then will pay that 10k and the injured party will then have to attempt to collect on the remainder of the judgement...just want you all to understand they can't for example get 5k from the carrier THEN sue to the insured for more...can't/won't/don't happen like that...once the claim is paid by the carrier and the release is accepted...that's it...Posted: Thu Oct 02, 2008 11:11 pm Post Subject:
Well wouldn't that be about fair? I think it would. That is why you pay insurance is to have them help in matters like this. The only time I think this stinks is when the injury is really bad and the injured party has to except that little amount because they can't finacially wait due to the finacial problems the accident caused. It would be better off to just raise your coverage and not have soo many worries.
Posted: Fri Oct 03, 2008 10:27 am Post Subject:
Well wouldn't that be about fair? I think it would. That is why you pay insurance is to have them help in matters like this
Absolutely...The only time I think this stinks is when the injury is really bad and the injured party has to except that little amount because they can't finacially wait due to the finacial problems the accident caused. It would be better off to just raise your coverage and not have soo many worries.
I agree, and the thing is if you do succeed in getting an excess judgement..you can't get blood from a turnip so the chances of ever collecting on that judgement is slim to none... :(Posted: Fri Oct 03, 2008 01:55 pm Post Subject:
It would be better off to just raise your coverage and not have soo many worries.
From your mouth to everyone's ears. That is what good, responsible, agents tell their customers. It kills me, JUST KILLS ME, when someone only wants state minimums....argggggggggg
Posted: Sat Oct 04, 2008 12:25 am Post Subject:
I agree but most people do not understand this until they are involved in an accident. Before mine last year I never relized just how low mine was. We have had teh same policy for years. After I went and raised everything,including my underinsured. They should really raise the state min. for peoples own good because I am sure there are more people like me out there that doesn't relize how little a few thousand is, especially when coming to med. bills.
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