What happens in practice with auto liability insurance limits?
Say you have the standard 100k/300k liability policy and are in an accident and an individual has more than 100k in damages. Is it common for the injured party to attempt to go beyond the 100k limit? At what point is it common to attempt to go beyond the limits? 150k damages?
Does the insurance company ever just say here is our 100k, good luck with that?
Do plaintiffs do some sort of asset search before suing? Do they have a way of finding out the insurance policy limits?