Why would my lawyer want me to sign a release form in settleing with an insurance company?
I was in a wreck. Hired a lawyer to settle. They made an offer, I agreed on it. Now lawyer says I need to sign a release form. What for?
3 attorney answers
Because there is no insurance company in the world that will give you a check without you agreeing to not sue them in the future. This is the absolute standard practice.
A settlement and release agreement is a standard document required by insurance companies before the insurance company will release any funds to you from a personal injury settlement. Simply speaking, in exchange for you not pursuing litigation, the insurance company will pay you a mutually agreed upon amount of money to settle the matter. In the event that your attorney has not already done so, I would suggest asking your attorney to explain to you in detail the terms of the settlement and release agreement. If there is anything in the agreement that you still do not understand, then ask your attorney questions for clarity.
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You hired a lawyer and you ask strangers? Talk to your lawyer. You need to sign a release to get money or go to trial.
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