What is the ramifications of releasing my insurance limits?

Asked almost 2 years ago - Santa Maria, CA

After my daughter was involved in an accident for which she was responsible, my insurer sent a letter request from the claimant's attorney to release information regarding my policy limit in CA. Is there any reason not to give consent?

Attorney answers (6)

  1. Armen Michael Tashjian

    Pro

    Contributor Level 14

    11

    Lawyers agree

    Answered . If the other party is seriously hurt and you refuse to release the information, you are leaving them no choice but to sur you. Once you're sued they'll easily find out the limits by sending form interrogatories. Let them know the limits and tell your insurance company to settle your case within your policy limits. If they refuse to settle and your daughter gets an excess judgment, your insurer has to pay the excess or face a bad faith suit.

  2. Manuel Alzamora Juarez

    Contributor Level 20

    9

    Lawyers agree

    Answered . Let the attorney assigned to you by the insurance company advice you regarding this issue. You do not want to interfere with his startegy. Best of luck.

    This answer is provided by Manuel A. Juarez, Esq., El Abogado de Accidentes de Autos de California: 510-206-4492.... more
  3. Sean Michael Patrick

    Contributor Level 17

    9

    Lawyers agree

    Answered . No. If you were the at fault party you want to give the other side every reason to settle for the policy limits or below so as to avoid any excess judgment. By providing the limits, it expedites that process. Cooperate with your insurance company, since its ultimately their money, they will be a zealous advocate for you. Best of luck.

    I am licensed in California, therefore, my answers are based on general prinicpals of law or California law, which... more
  4. Christian K. Lassen II

    Pro

    Contributor Level 20

    7

    Lawyers agree

    Answered . No. You want them to settle within limits.

    Only 29% Contingency Fee! Phone: 215-510-6755 www.InjuryLawyerPhiladelphia.com
  5. Marcus William Morales

    Contributor Level 14

    5

    Lawyers agree

    Answered . I agree with my colleagues. If the owner and operator of the responsible vehicle lack sufficient assets it would be advantageous to send policy limits to the plaintiff's attorney. That way the plaintiff's attorney know that is most likely the max he can gain for his client. Give YOUR insurance company the consent to release policy limits and then they will protect your best interest. Good luck with your case.

    Marcus W. Morales, Esq.
    Law Offices of Marcus William Morales
    115 W. Mission St.
    Santa Barbara, CA 93101
    (805) 845-5405
    Santa Barbara Lawyer Offering Free Consultations
    www.marcusmoraleslaw.com

    All content posted on marcusmoraleslaw.com and avvo.com is for educational purposes only and should not be relied... more
  6. Timothy James Ryan

    Contributor Level 5

    1

    Lawyer agrees

    Answered . I can never understand why insurers don’t release their insurance limits when requested by claimant’s Attorney. In 32 years I’ve never seen the down side in an insured releasing limits, if anything else it will help expedite resolution of claim and avoid your daughter from being sued.

Related Topics

Personal injury

If you suffer a personal injury as the result of the actions or negligence of another, you may seek financial compensation for physical or emotional damages.

Personal injury lawsuits

Personal injury lawsuits allow an injured person to seek compensation for the injury, either by court decision or through a settlement.

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