If you’ve been in an auto accident where you were not the driver at fault, you may have been asked by the other driver’s insurance company to sign a release in order to receive settlement for any loss resulting from the auto accident. By signing this form, you release the insured driver, as well as their insurance company, of any and all additional liability resulting from the accident. In essence, you give up your right to sue on the claim.
Before you sign an insurance release, seek the advice of an auto accident attorney. They will be able to explain to you the benefits of not signing the release, as well as your options for the settlement. It is also important not to sign this kind of document, or settle your case at all, until your medical treatment is finished and your doctor has done a final evaluation report, and an auto accident attorney has advised you as to what you should be entitled to as a settlement.
Unfortunately, many people sign auto insurance release forms without thinking twice because they are anxious for their settlement. However, it pays off in the long run to take time to analyze the pros and cons of this decision, rather than jumping at the first settlement offered to you by the insurance company. Even though you may have fully recovered from that whiplash you received after your car accident, you may have incurred a more significant injury to your neck that you won’t realize into months after the accident. You may regret signing that insurance release when you are in pain and have to pay for neck treatment out of your own pocket!
If you’ve been asked to sign an insurance release after your car accident, but aren’t sure exactly what rights you are giving up by doing so, call 407-883-2618 today to speak with on of our Orlando auto accident attorneys. We will review your insurance release for free and explain your options and potential rights to you. Don’t just sign the insurance release without thinking – you may be giving up more rights than you know!