My Insurance Company Wants Me to Sign a Release, But What is a Release?

Medical Authorization FormA release is a form an insurance company requires you to sign in order to receive your compensation. It releases the responsible party from any and all legal liability related to the car accident. In the end you are giving up your ability to sue.

There are different types of releases, they include:

Common Issues with Releases of Liability & Property

There are many issues that come with release forms. One of which is that you are waiving your right to sue in the future after signing the document. This includes injuries that may arise further down the line from the injuries you received during the accident. Suppose you suffered a knee injury in a car accident or bike crash. You had therapy and it seemed better. You agreed to settle with the insurance company and signed a release form. Then three months later you develop severe pain in the same knee due to an undiagnosed fracture. Because you signed that release, you no longer have the right to get compensated for the surgery and other complications.

Another issue is that insurance companies will try to give you a low ball offer for your settlement. In fact, some companies try to make you settle early, without knowing all the details. Insurance companies have the upper hand in injury cases. They have the money and want to control how much will be dispersed. You must know the full extent of your injuries and damages before accepting the settlement and signing a release. An experienced car accident lawyer will know how to protect your rights.

Finally, you need to be aware of the benefits under your own policy. You may think the other driver’s insurance company is offering you a good deal. But before accepting it you need to know whether you have Uninsured Motorist insurance on your own auto policy. You will need your own insurance company’s permission to accept a settlement with the driver’s insurance or you may give up any UM benefits on your own policy.

Help from an Experienced Florida Car Accident Attorney

An experienced Florida car accident attorney can advise on whether to sign a release form and other factors in your case that will help you obtain the compensation you deserve. If you or a loved one was injured in a car accident caused by a negligent driver contact us online or call our office at 7272-446-0840 to schedule a free, no-obligation consultation.

Attorney Jim Dodson has over 25 years successfully settling car accident cases and representing clients throughout Florida including cities like Clearwater, St. Petersburg, Tampa, Sarasota, Bradenton, Ft. Myers, Sanford, and New Port Richey.

Jim Dodson
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A Florida injury lawyer, family man and avid cyclist who clients have trusted for over 25 years.