Auto Repair Insurance Reviews
Comments (0) Need advice on settlement offer for bodily injury from auto accident?
I received a check and release form from the at-fault driver’s insurance company. I want to accept the check, as I do not forsee future medical costs associated with the accident. HOWEVER, the wording/language of the release seems vague/too broad…it mentions a “full release” and mentions property damage. The vehicle is currently being repaired at a body shop and they have me in a rental car. If I sign this release, will they stop work on the vehicle and so forth? My only concern here is that I get my vehicle body repairs completed…I do not want to do anything to jeopardize that or release them from that particular part of the claim. Has anyone received offers like this before and signed them? What were the results? I may meet with an attorney and pay for 30 minutes of consultation time to have the document reviewed, just to be safe…and/or write on the release that I am not releasing them from the obligation to repair my vehicle. Any advice on this? Other recommendations?
You really do not have anything to worry about by signing the release as long as you satisfied with the numbers on the injury portion of the claim. No insurance company is going to mess with your car repairs. It is not worth the sh!tstorm that will result.
If you are really concerned about this I suggest that the following;
1 – Don’t sign the until the car is done and the body shop has been paid. DO NOT cash the check in the meantime.
2. Call the adjuster and ask if you can alter the release and add a sentence such has “It is agreed by all parties that this release does not pertain to any unpaid claims for vehicle damages or car rental exspense.”
Good Luck
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Collision course: auto insurers are playing catch-up with a rapidly changing car-repair market.(Property/Casualty): An article from: Best’s Review $9.95 This digital document is an article from Best’s Review, published by A.M. Best Company, Inc. on October 1, 2010. The length of the article is 1659 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Collision course: auto insurers are … |
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