If the insurance carrier has handled the claim correctly and in a timely manner,the 10,000 limit of coverage is the most you can get from the insurance company. You can reject the insurance money and proceed to sue the at fault driver/owner individually if you believe they have sufficient assets to cover your full loss.
Yes, property damage coverage can be limited just like personal injury limits. That is only a limit on the amount of insurance available. If the at fault driver has any assets or income, you can get a judgment against them personally.
This response does not create a lawyer client relationship. Each case is determined on its specific facts and this reply is intended for a general audience and facts particular to your case may affect the answer. Consult with an attorney in person for specific answers to your questions.
It could be true that there is only a $10,000.00 property damage limit. You should have a personal injury attorney in your area review the other parties insurance policy and your insurance policy to make sure there is not another way you could recover more. Review my website to see if it answers any other questions you may have.
Yes, insurance policies do have limits for property damage liability. You should get the "declaration page" from the at fault person's insurance company so you can verify the limit and make your decisions accordingly.
If you confirm that the responsible party only has a 10k policy, you are limited by that amount. Most likely, an individual with a small policy like this does not have assets worthy of not accepting the policy limits in exchange for a complete release. You should retain an attorney to verify assets and advise you of the best course of action.
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