Rescue Your Revenue

Dividing Up the Pie with Limits Issues

By Kelsea Eckert
Posted Jan 15th 2024 9:51AM
On a scorching summer day in Dallas, Texas, you're maneuvering your hefty truck down Interstate 20. Suddenly, a chatty 18-year-old girl collides with you while on her phone. Everyone emerges unharmed, but your truck bears a hefty $20,000 in damages. You promptly file a claim with her insurer, State Farm, only to be told that they can't compensate you just yet. "Why the delay? Clearly, it's her fault!" State Farm mentions a potential "limits issue." Understanding Limits Issues...