I was in a car accident recently which I determined to be at fault. I have low policy limits. My impression at this time is that the other car and its occupant are going to try to milk this for everything they can. Can they take my policy limits from insurance company and then go ahead and sue me for the rest? For example if my limits are 30k, and they claim 50k. Do they get the 30k form insurance and sue me for the other 20k or does accepting the 30k mean they're settling and cannot also sue me? The property claim adjuster said that taking the policy limits means they're agreeing to that amount, and that part is settled. The adjuster for the bodily injury part said they can take the limits and go after me for the excess.
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