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 New Jersey #140 Seller Property Disclosure NJ SPD 2024-2025

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can you tell me about this new law requiring insurance companies to disclose the policy limits before a lawsuit the new law passed july 22nd 2021 requires insurance companies to provide how much the limits are on their insured in an auto accident case so the person who may have caused the accident that insurance company now has to tell us how much available insurance is there on the car and if there's any umbrella excess extra insurance that that company provides and coverage that person before there was no requirement they could just hide it the whole time the only time they had a provided is after a lawsuit was filed and after litigation had begun and now it's just a huge advantage for us to know right from the beginning right after the claim happened how much available insurance is there for our clients who are injured it will make cases settle quicker we'll be have the information it may not be good information it may be great information but we'll have that informa

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