What is the name of your state (only U.S. law)? California
I hit the car that was stopping at the red light because of weather condition (slippery road condition), I admitted 100% at my fault.
The speed was slow (probably 15 mph) and a small accident. The other vehicle damage was very minor on its bumper and so was mine(almost nothing). I am not injured, the other driver was fine at that time.
However one who was in passenger seat was taken by the ambulance, her husband said that it's just in case at that time.
A week later I was informed by my insurance company that the other party (driver and the passenger) hired an attorney and sue me.
My insurance policy limit is $100,000 for bodily injury liability each person.
1. In this small accident, is there any posibility to be awarded to the other
party more than $100,000 to the other party ?
2. The letter I received from my insurance company stated I am 100% at
fault because of failure to maintain proper speed/distance.
In fact, the reason in this letter was not true. It is because of road
condition by weather.
Should I request review of this determination to my insurance company?
or is it unnecessary issue to do so ?
3. Another letter from my insurance company stated that the other party's
attorney requested to disclose my insurance policy limits and my
insurance company wants me to sign for release my policy limits.
Is it Ok to sign ? Do I take any disadvantage by release my policy
limits ?
This is my very first accident in my clean 35 years driving life. I heard horrible stories by a couple people such as house taken or into bankruptcy the result of causing an accident. I am so scared now.
Any advice/comments/suggestion would be appreciated.
Thank you very much for your time and help in advance.What is the name of your state (only U.S. law)?
I hit the car that was stopping at the red light because of weather condition (slippery road condition), I admitted 100% at my fault.
The speed was slow (probably 15 mph) and a small accident. The other vehicle damage was very minor on its bumper and so was mine(almost nothing). I am not injured, the other driver was fine at that time.
However one who was in passenger seat was taken by the ambulance, her husband said that it's just in case at that time.
A week later I was informed by my insurance company that the other party (driver and the passenger) hired an attorney and sue me.
My insurance policy limit is $100,000 for bodily injury liability each person.
1. In this small accident, is there any posibility to be awarded to the other
party more than $100,000 to the other party ?
2. The letter I received from my insurance company stated I am 100% at
fault because of failure to maintain proper speed/distance.
In fact, the reason in this letter was not true. It is because of road
condition by weather.
Should I request review of this determination to my insurance company?
or is it unnecessary issue to do so ?
3. Another letter from my insurance company stated that the other party's
attorney requested to disclose my insurance policy limits and my
insurance company wants me to sign for release my policy limits.
Is it Ok to sign ? Do I take any disadvantage by release my policy
limits ?
This is my very first accident in my clean 35 years driving life. I heard horrible stories by a couple people such as house taken or into bankruptcy the result of causing an accident. I am so scared now.
Any advice/comments/suggestion would be appreciated.
Thank you very much for your time and help in advance.What is the name of your state (only U.S. law)?