Should I disclosure or not my car policy limits?

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Should I disclosure or not my car policy limits?

I was involved in a relatively minor car accident 2 weeks ago. No visible injuries all parties involved were able to get out and exchange insurance information. My insurance company is still investigating, but I received a letter from my insurance company asking me if I want to disclosure or not my policy limit the other party attorney requested this information. I am concerned that if I don’t release this information, I may be in a bad faith position later if there is judgment over the policy limit.

Asked on September 25, 2018 under Accident Law, California

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

It is probably better to not disclose: the other side is looking to craft their demand to what they thing your insurance will pay, based on limits. But that could lead them to demanding more than the accident is worth, since really, all they *should* be able to ask for is the provable car damage, medical bills (if any), towing, etc. attributable to the accident (and even then, only if you were at fault). You are under no obligation to disclose this, and it is not bad faith to not disclose it since, as stated, their demand should be based on the damage, costs, and injuries, not on what they think they can get.


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