Auto Insurance Claims/Policy Limits

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Expert: - 9/22/2011


Question
Hi,  I hope you can answer some questions for me.  My husband was in a accident two years ago. He was at fault. We are now being sued for Soft tissue injury and a neck and back injury. This has never happened to us before. Our insurance company hired a lawyer for us. My question is what happens if they are suing for more than our policy limits? (insurance will not tell us how much they are asking for). Our insurance told us not to worry about it that most likely it will settle out of court. Can they take our assests like our home or savings?  Thank you for your time. Just hard to not worry about it.

Answer
Hello Brandy,

In short, yes. They can. If the award or judgment (not settlement) is more than your policy limit, your personal assets will be exposed.

However, don't panic, 99% of the claims out there (for "soft tissue") do settle out of court within policy limits.

Good Luck,
http://www.auto-insurance-claim-advice.com/
http://www.quirogalawoffice.com/

Auto Insurance Claims

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Anne

Expertise

Auto insurance claims regarding vehicle accidents, insurance coverages, auto policies, bodily injury claims, pain and suffering, injury settlements and negotiations.

Experience

I am an adjuster for injury claims and property damage claims for over 5 years (still working there). I have worked for personal injury attorneys helping consumers get a fair treatment and I am passionate to help others with their vehicle accidents.

Education/Credentials
B.A. Economics/ Political Science

Awards and Honors
I was the top settling claims adjuster at the Insurance Company that I worked for.
I am the co writer of http://www.auto-insurance-claim-advice.com a website dedicated to help consumers document their auto claims and navigate the complex claim process.

Past/Present Clients
I work with injury lawyers working on high dollar settlements and jury awards for pain and suffering see: Spokane Law Office.

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