A financial affidavit is a common request in an excess claim. That being said let your insurance carrier defend you as they will assign you an attorney should suit be filed.
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A disclosure of assets is usually a good thing in this type of case. Your carrier will pay the policy limits on your behalf in exchange for the Plaintiff's agreement not to pursue any further claims about this incident. Your answer cuts off, but you may want to disclose your assets, especially if you are not particularly wealthy. Few attorneys will pursue collections actions against folks whose insurance has already paid the policy. Whether or not you were at fault isn't really at issue.
Generally insurance company cannot advise you to disclose assets. In case you did not carry enough insurance to cover a claim without evaluating comparative negligence(likely in six figure value) the insurance company is obligated to hire a "cumis counsel" for you.
I suggest that you do not disclose any assets or matters of such nature without involving an attorney(not your insurance attorney). Since there are many factors to be evaluated you should ask for appointment of such counsel.
NORMALLY, I ADVISE MY CLIENTS TO HIRE A LAWYER TO TO PROTECT THEIR INTERESTS. IN YOUR CASE, IF YOU DO NOT HAVE MANY LIQUID ASSETS OR LOW EQUITY IN YOUR HOUSE, THEN IT WOULD BE ADVISABLE TO PROVIDE AN AFFIDAVIT TO THE OPPOSITE PARTY BECAUSE THE PLAINTIFF'S LAWYER IS CONDUCTING HIS DUE DILIGENCE PRIOR TO ACCEPTING YOUR INSURANCE POLICY LIMITS. IF THE CASE SETTLES, YOUR INSURANCE LAWYER WILL SECURE A RE;LEASE FOR YOU AND THAT WAY YOUR ASSETS WILL BE PROTECTED. HOWEVER, IF YOU HAVE SUBSTANTIAL ASSETS, THEN BETTER HIRE YOUR OWN ATTORNEY FOR ADVICE. BEST OF LUCK.
This answer is provided by California Accident Attorney Manuel A. Juarez, Esq., 510-206-4492. Abogado de Accidentes de Autos de California: 510-206-4492. Abogado de Lesiones de Accidentes de Autos, provides answers of a general context. These answers are not intended to form an attorney client relationship. Oakland Abogado Accidentes Autos, Abogado de Lesiones Personales, Abogado de Accidentes de carros, Abogado de accidentes de Peatones, practices in Antioch, Berkeley, Concord, Oakland, Hayward, Martinez, Newark, Richmond, San Francisco and San Rafael. El abogado de lesiones y heridos en accidentes de autos, is licensed only in California. This information is good only in California and it is not to be taken as legal advice on car accidents, personal injury, divorce, bankruptcy or in any other type of situation. Esta respuesta es del Abogado de Accidentes de Autos, Abogado de Lesiones Personales, Abogado de Heridos en Accidentes de carros, Manuel A. Juárez, 510-206-4492. Abogado Hispano de Accidentes, Abogado de Divorcios, Abogado Latino de Accidentes, Abogado de Accidentes de Oakland, Hayward, San Francisco, California. Estas respuesta son solo para información general y no consisten en consejo legal sobre divorcios, mantención de esposas, mantención de hijos o bancarrotas. Las respuestas son comentarios legales que no forman una relación de abogado y cliente. Manuel Juarez, Esq., esta licenciado solo en el Estado de California.
You should definitely ask your insurance company to hire you an independent lawyer to advise you on this matter. If not, you should hire one yourself or go to legal aid if you qualify for it like Community Legal Services at McGeorge Law School in Sacramento. I can tell you that if you do not have significant assets, it would be extremely unusual for a plaintiff to pursue you beyond your policy limits.
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