Q: I was in a accident.I recieved an reward letter for $100, 590.64 my policy is for a $100,000 who is gets the $590.64.
A: To answer this question, further questions need to be asked. State law could affect the answer. If I had to guess, you have personal injury protection, PIP. In addition to policy limits, there is usually 10-15k of PIP depending on whether you live in Oregon or Washington or whatever state you live in. You may have paid $590.64 out of pocket or this might be reimbursement for some of your medical. You should ask your insurance company who they believe it is intended for. You should check for any liens on settlement and negotiate.
A: The are likely a few reasons for this. Usually, though PIP is paid separately and reimbursed back to the other company. If you settle on your UIM policy (under insured/under insured), then your company will often waive PIP reimbursement, if your damages exceeded the policy limits of the at-fault driver. So, I agree with Jennie Lynn Clark that more questions need to be asked, such as how much were your medical bills. If they exceeded your policy, then there is a chance your insurance carrier is just going to pay more since it is not that substantial. On the other hand, you mentioned an "award letter", was this sometime of arbitration and/or legal claim. If so, and it an award that needs to be paid out, your insurance might just pay the $100,000 policy and the remainder must be paid out. It is nearly impossible to tell from the question what is going on, we would be happy to help you resolve it. I am sure any attorney would be willing to take look at it for you. Actually, hope by now you have it figured out. If not, contact our office and we will work on answering that question at no charge to you. Best of luck in all your future endeavors.
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