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The insurance company I have been dealing with wants me to sign a Release. What are the implications of that?

April 26, 2017COMPANY dealing implications Insurance release wants

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The insurance company I have been dealing with wants me to sign a Release. What are the implications of that?

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A signed release is a binding legal document that will prohibit you from receiving any further compensation from the released party. The binding effect of a release cannot be overstated. After signing a release you cannot recover additional compensation from the released party, even if your injuries and damages turn out to be much greater than expected. The insurance company wants you to sign the release so that it can limit its liability for the accident. It is in your best interest to talk to a lawyer before signing any personal injury release. The attorney will assist you in determining if the offer is fair based on your situation.