Legal Question in Insurance Law in Texas
auto insurance settlement
I was in a fender bender as a passenger. The motorist who hit us was uninsured. My fiance's (the driver of our car) car insurance wants to pay me $400 with an uninsured motorist release and indemnity agreement. This states that that I won't ask them for any more money in the future. Should I accept this money? Will accepting this money affect my own insurance? Will it raise my fiance's rates?
2 Answers from Attorneys
Re: auto insurance settlement
Accepting a settlement does not affect insurance rates..the accident affects the rate of the person at fault..and you may have been hurt so I could not tell you to accept or not.
Re: auto insurance settlement
Accepting a settlement does not affect insurance rates..the accident affects the rate of the person at fault..and you may have been hurt so I could not tell you to accept or not.
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