Perhaps you just got off the phone with the insurance company and you're ready to settle your personal injury claim. Maybe you are considering accepting a settlement, but want to make sure you are informed before you do. Either way, here are some things you need to know before signing a settlement release:
1. What is a "Release of All Claims"? This is your agreement to accept the settlement amount, as you stand, on the day of signing. Your signature waives your right to seek future compensation for related injuries, medical expenses, etc...Anything that arises after you sign the document is yours, and yours alone, to deal with and pay for.
2. Can I still file a claim against the individual? Typically, if you accept a settlement agreement from the insurance company, you are waiving claims against the individual who caused your injury too. The document is usually meant to release both parties.
3. How do I know if I got everything I'm entitled to, or agreed to? If you, like most people, have never settled such a claim you may not know all that you are entitled to (medical expenses, lost wages, future earnings, pain & suffering, and more). The release, requiring your signature, is likely going to come (and must be returned) before you receive your settlement check. This release usually is several pages long. Be careful to read through the information and fully understand what you are signing. What you understood, or what you agreed to verbally, may not be what you are agreeing to by signing this document.
4. Don't forget the insurance claim adjuster does not work for you. The adjuster you speak to may seem friendly and understanding. They may even appear to be doing you justice by getting you paid as fast as possible. However, you are not their client and they work hard to pay you as little as possible. Don't be overwhelmed by what you don't understand. Don't be so sick of waiting that you accept a settlement out of desperation. Take your time. Ask questions. Seek legal advise when in doubt.
Whether you already have the release form or you are considering a settlement, we suggest that before you sign anything you contact a Kansas personal injury lawyer. Attorney T. Morton is available for free consultations and here to help you. Call 913.602.7288 today.
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