Why does Geico ask me to not reveal the limits of my liability coverage in case of a car accident?
I read on my "Evidence of Liability Insurance card" issued by Geico in California, US:
What to do at the time of an accident: […] Do not reveal the limits of your liability coverage to anyone?
Why does Geico ask me to not reveal the limits of my liability coverage in case of a car accident, and should I follow that advice?
united-states car insurance car-insurance liability
asked 1 hour ago
Franck Dernoncourt
1,68521944
add a comment |
I read on my "Evidence of Liability Insurance card" issued by Geico in California, US:
What to do at the time of an accident: […] Do not reveal the limits of your liability coverage to anyone?
Why does Geico ask me to not reveal the limits of my liability coverage in case of a car accident, and should I follow that advice?
united-states car insurance car-insurance liability
asked 1 hour ago
Franck Dernoncourt
1,68521944
This should belong in Law, it has to do with the tactics of the legal process and lawyering.
– user71659
1 hour ago
@user71659 thanks, I wasn't sure which website was the most suitable for this question, I am okay with migrating the question of there if that's on topic on law.se
– Franck Dernoncourt
1 hour ago
add a comment |
I read on my "Evidence of Liability Insurance card" issued by Geico in California, US:
What to do at the time of an accident: […] Do not reveal the limits of your liability coverage to anyone?
Why does Geico ask me to not reveal the limits of my liability coverage in case of a car accident, and should I follow that advice?
united-states car insurance car-insurance liability
asked 1 hour ago
Franck Dernoncourt
1,68521944
I read on my "Evidence of Liability Insurance card" issued by Geico in California, US:
What to do at the time of an accident: […] Do not reveal the limits of your liability coverage to anyone?
Why does Geico ask me to not reveal the limits of my liability coverage in case of a car accident, and should I follow that advice?
united-states car insurance car-insurance liability
united-states car insurance car-insurance liability
asked 1 hour ago
Franck Dernoncourt
1,68521944
asked 1 hour ago
Franck Dernoncourt
1,68521944
asked 1 hour ago
Franck Dernoncourt
1,68521944
asked 1 hour ago
Franck Dernoncourt
1,68521944
asked 1 hour ago
Franck Dernoncourt
1,68521944
1,68521944
This should belong in Law, it has to do with the tactics of the legal process and lawyering.
– user71659
1 hour ago
@user71659 thanks, I wasn't sure which website was the most suitable for this question, I am okay with migrating the question of there if that's on topic on law.se
– Franck Dernoncourt
1 hour ago
add a comment |
This should belong in Law, it has to do with the tactics of the legal process and lawyering.
– user71659
1 hour ago
@user71659 thanks, I wasn't sure which website was the most suitable for this question, I am okay with migrating the question of there if that's on topic on law.se
– Franck Dernoncourt
1 hour ago
This should belong in Law, it has to do with the tactics of the legal process and lawyering.
– user71659
1 hour ago
This should belong in Law, it has to do with the tactics of the legal process and lawyering.
– user71659
1 hour ago
@user71659 thanks, I wasn't sure which website was the most suitable for this question, I am okay with migrating the question of there if that's on topic on law.se
– Franck Dernoncourt
1 hour ago
@user71659 thanks, I wasn't sure which website was the most suitable for this question, I am okay with migrating the question of there if that's on topic on law.se
– Franck Dernoncourt
1 hour ago
add a comment |
1 Answer
1
active
oldest
votes
Negotiation 101, never be the first to say a number.
You tell them you have a $300,000 limit and magically they incur $300,000 of injury. Alternatively, they may just assume you carry the minimum.
answered 1 hour ago
quid
34.5k565117
If you actually do have the minimum, could it hurt you to say that? Also, with a high limit, who is likely to fudge the severity of the injury -- the plaintiff, their doctor, or both? Aren't they taking a huge risk that if the suit fails (the insurance company successfully defends itself against the falsely inflated injury claim), they'll be deep in medical debt (plaintiff) or not get paid for their services (doctor)?
– nanoman
21 mins ago
add a comment |
Your Answer
StackExchange.ready(function() {
var channelOptions = {
tags: "".split(" "),
id: "93"
};
initTagRenderer("".split(" "), "".split(" "), channelOptions);
StackExchange.using("externalEditor", function() {
// Have to fire editor after snippets, if snippets enabled
if (StackExchange.settings.snippets.snippetsEnabled) {
StackExchange.using("snippets", function() {
createEditor();
});
}
else {
createEditor();
}
});
function createEditor() {
StackExchange.prepareEditor({
heartbeatType: 'answer',
autoActivateHeartbeat: false,
convertImagesToLinks: true,
noModals: true,
showLowRepImageUploadWarning: true,
reputationToPostImages: 10,
bindNavPrevention: true,
postfix: "",
imageUploader: {
brandingHtml: "Powered by u003ca class="icon-imgur-white" href="https://imgur.com/"u003eu003c/au003e",
contentPolicyHtml: "User contributions licensed under u003ca href="https://creativecommons.org/licenses/by-sa/3.0/"u003ecc by-sa 3.0 with attribution requiredu003c/au003e u003ca href="https://stackoverflow.com/legal/content-policy"u003e(content policy)u003c/au003e",
allowUrls: true
},
noCode: true, onDemand: true,
discardSelector: ".discard-answer"
,immediatelyShowMarkdownHelp:true
});
}
});
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f103478%2fwhy-does-geico-ask-me-to-not-reveal-the-limits-of-my-liability-coverage-in-case%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
Negotiation 101, never be the first to say a number.
You tell them you have a $300,000 limit and magically they incur $300,000 of injury. Alternatively, they may just assume you carry the minimum.
answered 1 hour ago
quid
34.5k565117
If you actually do have the minimum, could it hurt you to say that? Also, with a high limit, who is likely to fudge the severity of the injury -- the plaintiff, their doctor, or both? Aren't they taking a huge risk that if the suit fails (the insurance company successfully defends itself against the falsely inflated injury claim), they'll be deep in medical debt (plaintiff) or not get paid for their services (doctor)?
– nanoman
21 mins ago
add a comment |
Negotiation 101, never be the first to say a number.
You tell them you have a $300,000 limit and magically they incur $300,000 of injury. Alternatively, they may just assume you carry the minimum.
answered 1 hour ago
quid
34.5k565117
If you actually do have the minimum, could it hurt you to say that? Also, with a high limit, who is likely to fudge the severity of the injury -- the plaintiff, their doctor, or both? Aren't they taking a huge risk that if the suit fails (the insurance company successfully defends itself against the falsely inflated injury claim), they'll be deep in medical debt (plaintiff) or not get paid for their services (doctor)?
– nanoman
21 mins ago
add a comment |
Negotiation 101, never be the first to say a number.
You tell them you have a $300,000 limit and magically they incur $300,000 of injury. Alternatively, they may just assume you carry the minimum.
answered 1 hour ago
quid
34.5k565117
Negotiation 101, never be the first to say a number.
You tell them you have a $300,000 limit and magically they incur $300,000 of injury. Alternatively, they may just assume you carry the minimum.
answered 1 hour ago
quid
34.5k565117
answered 1 hour ago
quid
34.5k565117
answered 1 hour ago
quid
34.5k565117
answered 1 hour ago
quid
34.5k565117
34.5k565117
If you actually do have the minimum, could it hurt you to say that? Also, with a high limit, who is likely to fudge the severity of the injury -- the plaintiff, their doctor, or both? Aren't they taking a huge risk that if the suit fails (the insurance company successfully defends itself against the falsely inflated injury claim), they'll be deep in medical debt (plaintiff) or not get paid for their services (doctor)?
– nanoman
21 mins ago
add a comment |
If you actually do have the minimum, could it hurt you to say that? Also, with a high limit, who is likely to fudge the severity of the injury -- the plaintiff, their doctor, or both? Aren't they taking a huge risk that if the suit fails (the insurance company successfully defends itself against the falsely inflated injury claim), they'll be deep in medical debt (plaintiff) or not get paid for their services (doctor)?
– nanoman
21 mins ago
If you actually do have the minimum, could it hurt you to say that? Also, with a high limit, who is likely to fudge the severity of the injury -- the plaintiff, their doctor, or both? Aren't they taking a huge risk that if the suit fails (the insurance company successfully defends itself against the falsely inflated injury claim), they'll be deep in medical debt (plaintiff) or not get paid for their services (doctor)?
– nanoman
21 mins ago
If you actually do have the minimum, could it hurt you to say that? Also, with a high limit, who is likely to fudge the severity of the injury -- the plaintiff, their doctor, or both? Aren't they taking a huge risk that if the suit fails (the insurance company successfully defends itself against the falsely inflated injury claim), they'll be deep in medical debt (plaintiff) or not get paid for their services (doctor)?
– nanoman
21 mins ago
add a comment |
Thanks for contributing an answer to Personal Finance & Money Stack Exchange!
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
To learn more, see our tips on writing great answers.
Some of your past answers have not been well-received, and you're in danger of being blocked from answering.
Please pay close attention to the following guidance:
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
To learn more, see our tips on writing great answers.
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f103478%2fwhy-does-geico-ask-me-to-not-reveal-the-limits-of-my-liability-coverage-in-case%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
This should belong in Law, it has to do with the tactics of the legal process and lawyering.
– user71659
1 hour ago
@user71659 thanks, I wasn't sure which website was the most suitable for this question, I am okay with migrating the question of there if that's on topic on law.se
– Franck Dernoncourt
1 hour ago