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In dealing with an auto accident, you may receive a financial affidavit from your insurance representative asking you to fill it out. This video, presented by Gideon Alper, explains the purpose of the financial affidavit. It assists the injured party and their attorney in determining whether to settle based on your insurance limits. The injured party needs to assess their potential gains from settling versus pursuing a claim. The affidavit helps them understand your financial situation by revealing your income and unprotected assets, which is crucial for making an informed decision about the settlement.