"Frederick Wilson" wrote in message news:OoaNb.50172$nt4.83107@attbi_s51...
So what happens after a Million Dollars.

You know folks can be mighty greedy.

Fred



sort of depends on what your assets are, and how much of a gambler
the person suing is. as i understand it (and i'm sure corrections will
be forthcoming if i am mistaken), the insurance company tries to
negotiate a settlement somewhat less than the million, and that the
settlement is conditional on being accepted as "payment in full" --
iow, by accepting the settlement the suer waives any further right
to compensation.

so, the suer is offered, say, half-a-mil. your assets are two mil.
take the sure bet or gamble on losing (or being awarded a lesser
amount) in court? hmmmm....

of course if your assets are 1 mil you have nothing to worry about.
conversely, if your assets are 10 mil, they might be willing to gamble,
so you should pay a higher premium for more coverage. buy the
protection you need to protect your assets.

mho,

g_a