In most situations, once you accept a settlement offer by signing a liability release, you are in effect relinquishing your right to reopen or pursue that personal injury claim further. The liability release legally binds you to comply with the conditions of receiving compensation. However, there are some rare exceptions to this rule, such as when fraud is involved or multiple parties.
A Release of Liability Form is a legal document that sets the terms of the settlement and finalizes liability payments with your signature. It also prevents you from filing a lawsuit if you have not already. If you have filed a lawsuit, the release ends the suit. Here is what you can commonly expect in the release forms:
An insurance company prefers you to sign the liability form as soon as possible. The key reason is that, although you are receiving compensation for damages, the defendant is denying culpability. This prevents you from being able to seek further damages if your injuries or losses exceed the settlement amount.
There are some circumstances that may allow you to pursue additional damages on your personal injury claim even if you’ve already negotiated a settlement:
If any of these apply in your situation, an experienced San Diego personal injury lawyer can help.
Even if it seems like the fault is cut and dry in your injury accident, the litigation process is complicated. If you take on the claim yourself, you may end up with a less than the fair amount that will not enable you to fully recover. When you choose to work with a lawyer early on, they will handle the difficult paperwork and negotiations for you. Their experience will also ensure you are not taken advantage of and can advise you on when to sign a release of liability. That way you won’t have to worry about whether you’ll be able to reopen your case further down the line.
The best advice we can give you is to not sign a settlement agreement before speaking to an experienced personal injury lawyer at CaseyGerry. We will ensure you recover enough compensation to fully cover all of your losses. Call (619) 238-1811 or message us online today for a free consultation.