Originally posted by driver1@Oct 31 2003, 08:15 AM
theyre not trying to get anything from you they are suing your insurance company, theyre rtying to get a settlement out of your insurance. I dont beleive you have alot to worry about besides your rates will probably go up quite a bit
its not fully true that his insurance company will cover it
ok heres the dillio and it seems most people in this world don't understand it
theres reason they have different levels of insruance
for say my bike I do not have a high level of insurance becuase chances are I wont do much damage other then kill myself
Bodily Injury and Property Damage Liability 25K each person 50K each accident
Property Damage Liability 15K each accident
uninsured/underinsured motorist 25K each person 50K each accident
the list goes on.... depending on how much you pay for insurance and also how old/your background the bodily injury might range from 25K a person or in my dads case its a couple million dollars a person "been with the company a VERY long time
now lets say you have your own insurance policy under your name chances are if you are under 25 years old you will not have very high coverage Im guessing in the range I just listed
so what happens is that guy sues the insurance company for lets say 2 million dollars the judge sides with him but only for 250K dollars since the 2million is way more then his so called pain and suffering is worth
ok so the insurance company gets sued 250K well..... if your car policy is like my bike and only covers 25K then the insurance company will ONLY PAY OUT 25K!!!!!
you are stuck with a 225K bill
that is why they offer many different levels of insurance 25K per bodily injury might cost you 100 bucks a month now if you want 250K worth of coverage it might cost you 300 bucks a month at your age but then if you were sued for 250K the insurance company would pick up the WHOLE bill
if you are under your parents policy then you should not have anything to worry about becuase it should be a high coverage 250K+ per person or in my parents case a couple million
if you have your own policy and know its pretty cheap then.... well I hope you don't get sued becuase after that 25K or 50K per bodily injury.... well its coming out of your pocket
good luck and Fuck him