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 ***.
2007-11-05 07:49:03 · 2 answers · asked by M_E_M_P_H_I_S 1 in Politics & Government ➔ Government
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.
2007-11-05 07:52:26 · answer #1 · answered by davidmi711 7 · 0⤊ 0⤋
Just write on the memo line of the check "full settlement for accident of (date)". It becomes binding as soon as he signs the back and deposits it.
If you want to be more fancy about it, you could draft a contract saying "By accepting this payment, ______ absolves ______ from any and all further liability arising from the accident that took place on ______."
2007-11-05 16:59:26 · answer #2 · answered by Anonymous · 0⤊ 0⤋