I would recommend that you sign the form and allow the plaintiff's attorney access to your policy limits. Failure to do so will only encourage the attorney to file suit, after which he will have an absolute legal right to obtain your policy limits, but now you will find yourself in the middle of litigation.
Based on your other comments, it may be time for you to sit down with an independent insurance agent and determine whether or not you currently have sufficient coverage to protect you for a significant claim against you or your family members. You may wish to consider purchasing an umbrella policy which would provide coverage above your basic limit and can apply not only to your car insurance, but also to your renters or homeowners insurance. Speak with an independent insurance agent about your current needs. If you do purchase an umbrella policy, make sure you purchase umbrella UM coverage in case you need it.
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Mr. Lundeen is licensed to practice law in Florida and Vermont. The response herein is not legal advice and does not create an attorney/client relationship. The response is in the form of legal education and is intended to provide general information about the matter within the question. Oftentimes the question does not include significant and important facts and timelines that, if known, could significantly change the reply and make it unsuitable. Mr. Lundeen strongly advises the questioner to confer with an attorney in your state in order to ensure proper advice is received.