If you have been a victim of a personal injury accident, you likely have been involved in a stressful, emotional, and confusing legal battle with the at-fault party and their insurance company. You’ve also probably realized that there are many legal requirements when it comes to your personal injury claim, making it crucial that you understand any legally-binding documents before signing them.

The skilled personal injury attorneys at Hudgins Law Firm are able to provide expertise and guidance throughout your case, ensuring your legal rights are protected and that you receive fair compensation.

When your case settles, one of the most important documents you are required to sign is a release form. It’s extremely important to understand the details of this document before signing.

One of the most important documents you will sign in a personal injury case is a release of all claims form. Here’s an overview of the release of all claims form, when you should sign one, and what is included in the document.

What is a Release of All Claims Form?

A release of all claims form is a legal document that discharges the parties (i.e. at-fault driver, insurance company) of any liability of personal injury due to an accident or other negligent behavior. Once signed, the victim is no longer able to pursue any legal right to seek further damages (i.e. unexpected medical expenses, lost wages ) against the at-fault party. A release of all claims form is usually accompanied by a settlement agreement.

The release form should contain relevant information regarding your claim including but not limited to:

Details of the accident/personal injury
  • Your claim (i.e. bodily injury, property damage, medical expenses)
  • Identification of the involved parties
  • Settlement amount
  • Governing law in the state the claim was filed
Many times, the insurance company will send this form to victims soon after the accident in an attempt to settle for a lesser amount. The offer outlined on the form may not provide proper compensation to which the accident victim is entitled. Thus, it is critical that the details of the offer are reviewed by your personal injury attorney.

When Should You Sign a Release of All Claims Form?

The only time you should sign a release form is when you have hired an experienced personal injury attorney to represent you. Your attorney will be able to examine the offer and confirm if the settlement offered will fairly and properly compensate for all your damages.

In a personal injury claim, these damages
can include but not limited to:

  • Medical expenses, plus the cost of ongoing and/or future medical care
  • Loss of wages and/or future earning capacity
  • Pain and suffering, including emotional distress
  • Home remodeling expenses (i.e. wheelchair ramp, accessible hallways), if the injury has left the victim dependent on a wheelchair

The release form should not be signed unless the total value of all your damages (current and ongoing) has been calculated. Signing the release too soon could cause you to lose significant compensation, or worse, hold you responsible for expenses for an accident-related injury that manifested days or even weeks after the incident.

What Does a Release of All Claims Form Include?

Each insurance company’s release form will be slightly different, but every form will contain the following information:

  • A paragraph removing the insurance company’s obligation to pay you any additional compensation other than the agreed-upon settlement amount.
  • An explicit statement confirming that you are giving up any future rights to file a legal claim against the at-fault party and/or insurance company for damages caused. 
  • A statement that there is no admission of fault by any involved parties, and that the settlement amount finalizes the claim with admitting fault.

At Hudgins Law Firm, our attorneys make sure that you are being fairly compensated before you sign a release of all claims form. Our sole responsibility is to YOU. For nearly 30 years, we have fought for people just like, getting them the compensation they deserve following a personal injury accident. To set up a FREE consultation, call us toll-free at 800-950-5534, or complete the contact form on our website. If we can help you, we will.

Sources
https://hudginslawfirm.net/get-answers
https://en.wikipedia.org/wiki/...
https://www.nolo.com/legal-enc...
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