Hulk Hogan: My Insurance Co. Screwed Me

4/22/2010 11:04 AM PDT

Hulk Hogan: My Insurance Co. Screwed Me

Hulk Hogan has sued his insurance company, claiming it compromised his $30 million fortune in the near-fatal car crash caused by his son.

According to the lawsuit, Wells Fargo Southeast -- which provided insurance for the Hogan family -- only paid $250,000 to John Graziano, who is severely disabled -- the result of the Nick Hogan car crash.

Hulk claims the $250,000 policy limit exposed him to personal liability in settling the case. 

Hulk's beef -- insurance company reps never advised him his policies needed to be reevaluated given that he had teenage drivers who posed a greater financial risk. 

Hulk's lawsuit does not disclose how much he personally paid to settle with the Grazianos.

Hulk is suing for unspecified damages.