My question involves an injury that occurred in the state of: Ohio
Car accident with a motorcycle nearly 2 years ago. The motorcycle driver spent a little more than a day in the hospital, not sure of the extent of their injuries, contusion on the head was the only visible injury.
I was just notified that the 2 years is almost up and they are filing a lawsuit to continue the process so the statute of limitations doesn't pass. They are asking for more than the policy limits (100K), but the settlement offers have all been 'well below' the 100K as the adjuster stated they just don't see how he is asking for that much, which I assume means the repair and medical bills aren't nearly 100K.
I'm freaking out a little, just because this is my only accident ever, and although the police considered the accident to be my fault, I don't really consider that to be the case, but that's not what this post is about...
Is this standard procedure to move on to the 'lawsuit' phase? I was told to expect some papers in the mail shortly and to call the adjuster the day they arrive.
Our house and 1 of our 2 cars are all in my wife's name, and always have been. If a judgement were to happen for more than 100K, it would be pointless as there is nothing to get from me that is in my name. I was on my parents insurance at the time of the accident, but they do not have a lot assets to go after, either.
Am I worrying for nothing? Are the chances good that cases like this just settle for under or at the policy limits and are over with?