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camry 2003 - What does it mean when yr ins. co settles @ 50/50 - lizellie

Please help if you can. I have only liability insurance. No comprehension. Just California State required insurance. Got into a fender bender which I am adamant that I am not at fault. I have written to them and asked that they deny the other parties bodily injury and vehicle damage claim. Other party has attorney and claims to have witness to accident. Other party is lying but my insurance co. has indirectly informed me that it looks like the accident may have happened the way the other party’s attorney claims it happened. My insurance co. states that they are seeking 50/50 resolution and have asked if I am o.k. with that. They informed me verbally that this means that both parties will accept half and half liability. I've been told that the other party will pay for my vehicle damages and my insurance company will pay for the other party’s damages. Is this true? Or does this mean that I must pay out of my pocket for my own damages and the other party must pay out of their pocket for their damages? Can anyone clarify this?

camry 2003 - What does it mean when yr ins. co settles @ 50/50 - SlidingPillar

This is a UK based website and the UK interpretation of 50/50 may well not be the same as in California. Suggest you ask the question nearer home to be certain.

A Google search would suggest the 50/50 in th UK indeed is not quite what you have been told. Plenty of returns when I searched "50/50 settlement insurance".