I need help understanding the following:
I am the at fault defendant in an auto accident
(8/21/15). My insurance
carrier is Liberty Mutual, $250,000 policy
. The plaintiff’s attorney has sent a demand letter to Liberty Mutual, here are some excerpts;
“This letter is a demand for payment of your policy limits of $250,000.” Liberty Mutual is reviewing the demand and supporting documentation.
The demand also asks that I fill out an affidavit of all my assets. This is a condition of settlement.
This settlement and tender in this amount is not received within 30 days, they have been authorized to initiate civil litigation
This settlement demand is exclusive of any collateral sources, collateral source payments, and/or liens. Further, this demand is not intended to recover all or part of any such collateral sources, collateral source payments, and/or liens. Any general release of claim entered by plaintiff will not release any claims for medical malpractice, products liability and/or other tortfeasor not named in the general release.