The insurance company says it will pay the policy limits. Should I take it?

Not without a careful review. Under the 2023 tort reform changes, an insurer that offers its full policy limits within 90 days of receiving notice of the claim (with supporting information) may gain protection from certain bad faith claims. A quick limits offer can be fair, especially when the at-fault driver has low coverage. Before accepting, you want to know whether other coverage exists, such as additional policies, an employer’s coverage, umbrella policies, or your own UM/UIM. You also want to understand the release you are signing so you do not give up claims against others.