I got into a car accident recently. No injuries thankfully. The car damage will be roughly about $3000 (The appraiser has not yet sent me the estimate). The car is not drivable, so I am taking the bus/metro. I also went to the doctor for a checkup (which cost me my basic co-pay).
The adjuster called me and said they will refund $500 towards my travel/medical expenses. I said fine. Today, I got a letter from them saying I have to fill a "Release of All claims" form.
The form basically mentions that they will pay me $500 and says that I will not hold the insurance company or the insured liable for any more claims. Is this a standard procedure? It does not even talk about the additional expenses (approx $3000) which will be towards car-repair.
Please advise. What should I do? It is a typical auto insrance claim with no injuries. Why are they making me sign such a Release of Claims form? Should the form mention about the car-repair expenses also?
2006-11-16 15:11:02 · 2 answers · asked by Shane W 2 in Cars & Transportation ➔ Other - Cars & Transportation
This is from YOUR insurer? Or is it from the OTHER side's insurer?
If this is from YOUR Insurer, ask them LOTS of questions before signing anything.
If this is from the other side, call your insurer's customer service and ask them what you should do. They will tell you what to do to protect your rights. In fact, let them handle it.
2006-11-16 18:22:44 · answer #1 · answered by Kasey C 7 · 1⤊ 0⤋
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2016-10-22 05:45:42 · answer #2 · answered by ? 4 · 0⤊ 0⤋