Auto Insurance Claims: disclosure of bodily injury limits, disclosure of bodily injury limits

Question
Hello. I was found at fault for a multiple vehicle auto accident in which there were injuries. My insurance co. sent me a notice saying an attorney of a party would like disclosure of my bodily injury liability limits. What are the pros and cons of disclosing this information please? Is it in my best interest to disclose? And why is it important to them? Why is it important to me? Thank you so much!

Answer
Hello,

Well, if an attorney wants to know your limits, they can ask you or they can seek a court order to find out. Really, they do this when they want to asses how much they can use your for and have a guarantee payout.

This is a hard question because if you don't disclose, they can sue you for a very high amount (say, $300,000) so you end up having to disclose, hoping to settle within the policy limits.

If you don't disclose, they the lawyer will not know how to "attack" you for damages.

Talk to your adjuster and see if disclosing is wise in your specific situation. In some claims, it makes no sense to disclose if the injuries cannot possible be close to your limits. However, if limits could be "touched" then disclosing can be prudent.

For more information about auto claims, please see:

http://www.auto-insurance-claim-advice.com/

Good Luck,
Anne
http://www.quirogalawoffice.com/