Re: Auto Insurance Offered Money in Exchange for Not Forming a Lawsuit
If your insurance paid under UM coverage, they will subrogate. But UM also should pay for lost wages, pain & suffering, mileage, etc and not just the medical bills alone. If they paid under C coverage (medical only), it's a first party coverage. You are entitled to that money because you pay the premium for it. If you are injured and someone else is liable, you can recieve payment from both your first party C coverage and the third party carrier. It's legal double-dipping. Exceptions are usually for when worker's comp is involved. And of course this can still vary state by state as this system is typical in non-PIP states.
But as Mr. Knowitall said, just call your company and ask if they are reserving the right to subrogate or if you can settle with the other carrier directly. I don't work MD. But if your company says to go for it, then you were probably paid under your C coverage so take the money and sleep well.
Insurance Adjuster - Auto Property Damage