Usually at the end of claim, once both parties have agreed to a settlement amount, the insurance company will submit a release to be signed. Why do you have to sign a release? Well it is protection, that you will not come back if your injuries turn out to be more severe. By signing the release you are agreeing to resolve the claim for the amount specified and agree to waive any future claims against the at fault driver.
If you refuse to sign the release, usually the insurance company will refuse to submit the settlement funds. A release is their only way to resolve the claim and have proof the claim is resolved should someone attempt to see additional funds down the road.
The insurance companies have been in business for sometime and have tailored their releases to protect them from future damages.
If you are thinking about signing a release, it is important you know the legal ramifications. All releases are different and all contain different languages and therefore, you should never sign one you do not understand the language without consulting an attorney to explain the legal significance.
Ty Wilson has authored several books and special reports he offers free of charge. Call today in Savannah 912-508-4711 or Atlanta 770-948-5454.