It should warm the hearts of car-accident claimants to know that almost 95% of claims end up with a settlement. You should bear in mind, though, that you should never consent to an untimely settlement and an insufficient amount just to get paid promptly. You will only regret it in the future. Use your negotiation time well. All states give negotiations at the very least 12 months to arrive at a settlement before lawsuits can be filed.
Injury-related problems that could occur in the future could be disregarded in the heat of negotiations that focus in the present situation. A doctor must be consulted and his advice recorded including the victim’s prognosis for a full or partial recovery and potential physical woes in the long run.
All significant information should be documented and presented to the adjuster while negotiating your claim. With or without a legal counsel to aid you, you must try get to a settlement that is to your satisfaction. If you and the adjuster do come to an agreement, it is not a guarantee that you will get paid. No. Hold your horses. There are loose ends to be tied.
The insurer would not want you coming back at a later date and sue them asking for more cash. A release and waiver is their weapon against any future problems with you. They will ask you to sign it if you find the settlement to your liking. Your signature will conform that the waiver’s conditions are reasonable. After this is done, you will quickly get the money.
Never sign any legal document especially one related to an accident insurance claim without a lawyer to pore over the details first. Remember that after you put ink to paper, you can no longer question the validity the conditions and the terms used in the document.
After signing the release and waiver, you will get a check or a bank draft. Enjoy your money.