You need a pi or insurance lawyer who handles auto accident cases. There are several in Avvo as a place to start. No lawyer on Avvo can advise you as to how to negotiate a settlement.
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If you have low insurance limits them you should talk with a local personal injury attorney because your insurance company has a good faith duty to settle the claim within your policy limits.
DISCLAIMER: David J. McCormick is licensed to practice law in the State of Wisconsin and this answer is being provided for informational purposes only because the laws of your jurisdiction may differ. This answer based on general legal principles and is not intended for the purpose of providing specific legal advice or opinions. Under no circumstances does this answer constitute the establishment of an attorney-client relationship.
The injured parties attorney wants to know about your assets because most likely your insurance company has tendered your policy limits and the attorney wants to know whether you have any assets that would make it worthwhile for him (his client) to pursue you for an amount above your policy limit. Basically, he wants to make a determination as to whether or not you are judgment proof.
Definitely consult an attorney about the questions that they are asking you to answer and if you get clearance to answer the questions, answer them truthfully. The plaintiffs attorney is only doing his job in asking these questions. If she does not ask these questions and it turns out that you have assets that she could have attached had she pursued and won a lawsuit, then she would have committed legal malpractice. It is a double-edged sword for you. If you refuse to answer these questions and she feels that you have assets, then she may file a lawsuit against you to discover these same facts during the discovery process. Again, do not answer ANY questions until you have gotten clearance from an attorney.
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