Today I received a letter as follows from my auto insurance company agent. Should I sign the form to disclose the limit? What is the purpose of the letter? I’m little bit concerned. Thank in advance for your thought and advice.
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As you are aware, the limits of liability which you have purchased on your auto policy amounts to $100,000 per individual or $300,000 per accident. This means for any one individual hurt due to your negligence /liability, our company will only be able to pay up to $100,000 per individual.
We have been advised that this claimant has sustained significant bodily injury. This office is working diligently to try to settle this case in an amicable fashion.
The attorney for the other party has requested that we disclose the amount of your policy limit to them. If you wish to do so, please sign and return a copy of this letter to me.
In any event, we will do our very best to have this matter resolved without being personally inconvenienced. I will happy to answer any questions you may have regarding this matter. My telephone number is ****
I agree to disclose my policy limits. X ______________ Date ________________
Sincerely,
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