this is regarding a bike accident happened in april 24th 2016. i was not at fault. the total sum of past and future economic damage is greater than 50000. the third party agreed to settle the policy limit which is 50000. i am planning to approach my own auto insurance company to get support for my... Read more »
You usually need the consent to settle from the underinsured carrier. May be more than one if someone in your household also has it, depending on your state's law and the contracts. Note that in some states you have to repay liens out of the settlement, so if you are d.i.y'ing it be sure...Read more »
Yes, but you should be talking to your lawyer. This sounds significant enough that if you d.i.y. you could have issues with subrogation liens etc. Contact a member of the Alaska Trial Lawyers Assn/Assn for Justice--they give free consults.
Usually the release is broad enough to prevent this, but ask a local lawyer to review and advise.
Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This is only general information. It is NOT legal advice, and it may not work for your specific...Read more »
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