Q: Will I be in trouble if I release my Bodily Injury limits to the other party's lawyer?
I got into an automobile accident.
A:
Releasing your liability limits does nothing other than inform the other party how much coverage you have. They have a right to demand that information in a lawsuit, but pre-litigation, you must provide your insurance with consent to release the limits.
CA courts previously stated in Boicourt vs. Amex Assurance Co. (2000) 78 Cal.App.4th 1390, that it is in the interest of the policy holder to release the information because it will help Plaintiff's facilitate settlements without dragging policyholders into lawsuits. ""Knowledge of low policy limits" could benefit defendants (that is policyholders) because that knowledge would tend "to discourage a seriously injured plaintiff from holding out for a settlement commensurate with the extent of the injuries." Boicourt at 1394.
1 user found this answer helpful
A: YOU ARE NOT GOING TO GET IN TROUBLE.........THE OTHER SIDE WILL GET IT EVENTUALLY..........HOWEVER, I WOULD COORDINATE EVERYTHING WITH YOUR LAWYER OR INS CO
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