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My name is ***** ***** I am a NSW Solicitor. I will do my best to assist you with your question.
I am really sorry to hear about this.
You are going to have to negotiate with the insurance companies to reach an agreement.
You may even have to consider borrowing the money to pay for the damage. If you do not then they can sue you and once you have a judgement then they can seek to seize your property and assets and even bankrupt you.
If you have nothing then you can consider bankrutcy to avoid having to pay.
I hope this makes sense and is of assistance. if there is nothing further Happy New Year and
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