I was in a car accident, I turned left, I was supposed to yield but it was dusk and the other car did not have headlights on so I didnt see them. I was sent a letter by my car insurance that the other parties attorney sent my insurance a demand letter for $100,000. My policy limits are $50,000. The letter from my insurance said to notify them if I want to use my own counsel but they will try and negotiate in mine and their best interests. I have a house which I have no equity in, I have about $2,000 in my bank account. I dont know what I should do. Should I consult with my own lawyer or let my insurance handle it? Does it seem likely that they would refuse to settle for my policy limits if I have no assets?
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