What is a release? It is a simple document prepared by the insurance adjuster releasing the other driver from liability after you sign the release. By signing the release, you are waiving your right to sue the other driver and seek settlement in the future.
Insurance companies issue releases for bodily injury and property damage. It is important to understand the terms of any release before you sign it.
Insurance adjusters are experienced at preparing releases aimed to protect the insurance company from paying out on your settlement. You may think you are signing a release for property damage only, but you may actually be signing a release for full and final settlement on your claim. By signing the release, you are waiving your right to pursue a settlement for your bodily injuries and sue the other driver in the future.
Insurance adjusters will pressure you into settling quickly for the least amount of compensation. If you agree to take any settlement without having an experienced personal injury attorney review the release, you are making a mistake. An experienced personal injury attorney protects your rights to a settlement and the compensation you deserve.
Insurance Releases and Your Settlement
If you sign a release too quickly, you are releasing the other party from any accountability in the accident. You may think you feel fine after the accident, but then days later you start experiencing symptoms that require medical attention. You do not want to be stuck with medical bills incurred because of injuries related the accident.
You are not obligated to sign a release for property damage or bodily injury before having an experienced personal injury attorney review the release.
Remember, signing any release waives your right to sue the other driver and receive the compensation you deserve, barring you from getting a settlement.
Insurance companies will put an immense amount of pressure on you to sign a release. Contact an experienced personal injury attorney immediately to get the settlement you deserve. You will be glad you did.
Call us today at 312-888-6058 for help and we will stand by in your corner fighting for your rights.