If the insurance company settles her case in full and gets a release from her which is full and final the case is over. I am not sure what you are referring to when you say "accept settlement". Your friend should talk to his insurance company. It sounds like he may have caused a severe injury. If that is the case you can expect litigation. The insurance company will defend the case and get your friend an attorney if suit is filed.
I am not clear when you were in the accident from your question. If you are having headaches you should go to either your nearest emergency room or physician and have it checked out. Often times injuries do not manifest themselves for days or even weeks following a motor vehicle incident. The sooner you get medical attention the better. You will be covered for No-Fault benefits for injuries sustained from the accident. That includes medical bills and other benefits. You can check out our...
Unless the case cant be settled for policy limits or less, why go bankrupt now? The defendant has not exceeded your insurance policies with a jury verdict have they? If the answer is no than it is still just a claim and your personal assets are not at risk unless they get a judgment that exceeds your policy limits. Good luck.
Have a FL lawyer refer you to a NY lawyer. The FL lawyer will help you get treatment and the NY lawyer will handle your case. The FL lawyer will get a participation fee from the NY lawyer for referring the case and his participation. Case solved.:)
You need to have the UM carrier agree to allow you to accept policy limits under most policies. In essence they need give you permission to accept the policy limits or you have not complied with the policy language. If your attorney is skilled in P.I. he will know this. Good luck.