I am being sued for an amount in excess of my limit. The amount is WAY beyond my policy limit. There is no way I can afford and will be forced into bankruptcy if I have to pay out of pocket. I did a lot of research online and am familiar with the general procedures that follow a case such as this. But something came across my attention. I read that the in order to make sure my insurance company use their best effort (good faith) to settle with my policy limit, I should use the "threat of a bad faith claim." How important is for me use this threat? How exactly can I do this? Via a letter? Also I want to be able to use this letter in the event that my insurance company did act in bad faith. How should this letter be written so that the letter will matter in a lawsuit?
Thank you very much!
