I'm being sued by a driver that "connected" with my car when I was changing from center to left lane, I was charged with the accident and just received a summons for a law sute, stating the suit is "in excess of my insuranc coverage limit of $15.000.00 they are also mentioning there own insuranse co. as a defendant, stating that there own insurance co. should pay out any settlement monies to them, in excess of what my policy covers!?. Am I understanding this right? If there is a judgment against me over $15.000.00, there own insurance co. will pick up the rest and pay them off and it's all settled? or will there insurance co. then come after me to get that money from me, in a new law suit? or how does it work?
My first time here.
Any help or advice much appreciated.