Should I release my insurance liablity limits to a attorney ?
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UPDATED: Apr 3, 2015
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Insurance Question from Bakersfield, CA
Asked on 04/03/2015
Should I release my insurance liablity limits to a attorney ? I was involed in a at fault accident .one of the other drivers is claiming a injury and hired an attorney and is requesting I release my policy limits . Should I ? Both drivers drove away from the accident.
Answer given on April 07, 2015
If you were involved in an auto accident that was your fault , you should report the incident to your insurance company. They will handle any issues,including the attorney who has been hired by the other party.Your insurance company will take your statement as to what happened. If there was a police report they will obtain a copy of it and will talk to the other driver or his attorney. After complete review they will decide whether to settle or fight the injury claim.If they pay for damages and injuries to the other party, your insurance rates will most likely increase. However, you should not try to settle this claim on your own and you should not deal directly with the other attorney unless your insurance company advises you to do so. If the attorney contacts you again, refer them to your company or the adjuster assigned to your claim.
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