Release of liability help?

Question

Hi, I hit a person going down the highway last week. He wants 502.00 for damages which we agreed to settle outside of insurance because of my deductible. I want to make him sign a release of some kind. I want to document that I paid and I am no longer bound to him. What kind of release do I need to draft and where can I get this done? Isnt this a liability release form or something of that nature? Please advise on how to correctly pay this person off and be done with him for good. While covering my *** in case he turns out to be an ***.

Answer 1

What you want is a general release, which says

For value received, the undersigned hereby releases of and from all liability for any claim, charge, cause or matter whatsoever arising from the beginning of the world untuil the day and date of these premises.

In witness whereof the undersigned has hereunto set his hand this ___ day of ____, 2007.

_________________
Signature


In addition (though it's not necessary) it's a good idea to have this notarized:

State of __

County of __

On the __ day of __ before me personally appeared __ to me known or whose identity was proven to me and he duly acknowledged that he executed the foregoing instrument as his free act and deed.


___________
Notary Public

Answer 2

No insurance has a deductible for liability. It is illegal in all 50 states. Get your insurance company to settle this or hire a lawyer.