If the insurance adjuster has asked you to sign a release, you need to understand what impact this document will have on your rights. By signing a release, you are ending your legal case and terminating any legal right to seek further compensation from any of the people or companies named in the release.
The release will name certain "released parties." This will include both the insured person who was liable or at fault in causing the accident and their insurance company. Once you sign the release and cash your check, your car accident case is over, and you cannot ask for more money for your injuries or medical bills from them.
You should be careful not to sign a release too early. For example, some injuries don’t appear immediately, such as a traumatic brain injury or even a serious spine injury. You may not be aware of how severe your condition is, or you may not fully understand the extent of future medical bills that you will incur. You may not yet realize that you will need surgery and years of rehabilitative treatment.
Once you sign a release and settle your case, there is no going back. It does not matter that you were not aware of the full extent of your injuries. The release is a binding contract, and the insurance company will not be obligated to pay you any more money for your injuries.
It goes without saying that the insurance company for the at-fault is not your friend, and you should be very careful when dealing with them. There are a number of tactics insurance companies use to get you to settle your case prematurely for a value far less than what you are entitled to under the law.
If you are not sure if you are ready to settle with the insurance company or if you have questions about your case, you should contact our Kansas City personal injury law office. Our Kansas City car accident lawyer will review the details of your car accident case and help you determine your legal options and the best way to move forward.
For more information about car accident or personal injury claims in Missouri and Kansas, please download a free copy of my book, Crash Course, from our website. You can also contact our Kansas City personal injury attorney by calling (816) 203-0143 or by filling out a form on our Contact Us page. Contacting us is FREE and confidential, and there is no obligation to hire our firm.