Understand What It Means To Sign Release From Car Insurance Company
The simple act that allows you to sign your name to that release should not be viewed as something that lets you carry out a routine procedure.
Insurance companies know that claimants and plaintiffs are eager to receive the funds from a payout. Still, personal injury lawyers in Waterloo recognize the significance of a signed release.
Your signature provides the agency that has agreed to furnish the payout with a powerful shield.
It shields the agency and the policyholder from the chance that either or both of them could become the target of further legal action, from those victimized by a given accident.
That is why personal injury lawyers always warn their clients against accepting an offer before hearing from the treating physician that each of the victims has arrived at the point of maximum medical improvement (MMI).
If any of the injured victims were someone that was below the age of 18, then the court should receive a request for extension of the statute of limitations. That would eliminate any grave concerns about the possible development of late-to-show symptoms. The extension would place the deadline for filing a lawsuit at a point 2 years past the minor victim’s 18th birthday.
What claimant/plaintiff should do before signing release
Read the form carefully. Check to see what injuries have been mentioned. If you have produced evidence that your doctor reported the likelihood of complications from a specific injury, then that same injury should not be mentioned on the release form.
Show the form to an attorney, if you have retained one.
Consult with your attorney, or conduct your own investigation, in order to be sure that no one else could be held responsible for the accident. If you do consult with an attorney about that possibility, be sure to consider the fact that the lawyer for any occupant of any other involved vehicle could be doing the same thing.
Why should you and your lawyer take that fact into consideration?
Suppose the occupant in another vehicle was injured. His or her attorney would want to indentify any person that might be held responsible for the injury. Suppose, too, that the least careful of the involved drivers had failed to purchase automobile insurance.
If that were the case, then the occupant’s attorney might want to find out if any of the other drivers had been a bit careless. Their carelessness could be used against them, causing the adjuster to allege that the evidence has indicated the existence of shared blame.
Shared blame has different implications, depending on the location of the reported accident. In some states, anyone charged with shared blame has no right to obtain any money, as compensation for damages.