When Can An Auto Insurance Company Sue Me?
- 7647 POINTSview profileMark Bartlett CLCSBranch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance CarriersAn example of being sued by an insurance company would be: Your have been found at fault in an accident. Now you either had no insurance or your insurance coverage's were to low to pay the damages. The latter is very common. The other parties insurance company paid for their own insureds damages and is now seeking to recover it's losses. So lets say for example you did have some coverage but the coverage's you carried were to low. Your insurance company would of paid the claim up to the limit you carried. This turns out to not be enough and the person you hit insurance company, having had to pay beyond what your insurance company would pay will sue to recover the additional monies paid out. Moral of the story: Carry the highest liability and property damage limits you can afford. Do not waste your money on a low deductible for your own car. This amount is minimal compared to what you can lose in a liability suit.Answered on December 10, 2013flag this answer
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