Legal Question in Insurance Law in Texas

Claims against multiple insurance companies for property damage

I was involved in an auto accident. The negligent party is under insured (15k limit property damage).

I carry full coverage on my truck, but my horse trailer and contents are not insured. Both truck & trailer were totaled out. My insurance is paying me $33,000 for my truck and nothing for my trailer which is valued @ $13,000.

The vehicle which struck me was not being driven by the owner. The vehicle owners insurance company is trying to settle with me for $15,000. But to receive the $15,000 I must sign a release of claims for both the owner & driver of the vehicle.

Can I collect damages from both the owners insurance and/or the drivers insurance for my trailer?

If I sign the claims release does this prevent my insurance company from recovering its losses from the above parties?

Shouldn't the driver & owner be listed on separate claims release forms?

Can I request that the different properties be listed on separate claims release forms?

If I receive money for my damages, can my insurance company come after me for any money I receive? If so, how much or what percentage?


Asked on 4/21/98, 7:41 pm

1 Answer from Attorneys
Basil Landon Hoyl, Jr. Law Office of Basil Hoyl - Safeco Land Title

insurance claims

These are the types of questions which lawyers answer for fees rather than for free. Your questions are good questions and intricate and involved. They are normally answered and handled by lawyers who handle your claims. You could go to the county law library and review the latest books on insurance claims, or even better, you should hire a lawyer and pay that lawyer to handle the claim.

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Answered on 5/13/98, 12:36 pm


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