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What You Should Know About Signing a Release Settlement

Imagine this scenario: You sustained a serious injury in a car accident, but the collision wasn’t your fault. In fact, another driver is completely responsible for the incident and you have witnesses to prove it. It seems obvious; you are entitled to compensation for your damages. At first, the other driver’s insurance company agrees and quickly offers you a settlement. As part of the settlement, you must agree to sign a release waiving your right to sue for addition compensation. Should you take the offer?

These circumstances are not rare. In fact, it’s one of the most common techniques used by insurance companies to settle for less money than accident victims deserve.

As Washington, DC personal injury attorneys, we know that quick settlements and releases can be dangerous. In fact, we know that these agreements can leave victims of serious accidents struggling to pay continuing medical expenses related to their accident following the initial compensation.

That’s where we come in. At Simeone & Miller, LLP, our attorneys are committed to helping injury victims and their families get the money they deserve – not the fastest or easiest settlement.

While sighing a release settlement might seem like a good idea at the time, these agreements can actually prevent you from seeking the justice you need.

Reasons to Avoid a Release

  • You can’t legally pursue additional compensation in the future.
  • The initial settlement may not cover all of your damages.
  • You may be financial responsible for uncovered expenses.

“I signed a release. Can I reverse it?”

In some states, the law nullifies the release if you signed it without legal advice. According to Maryland statutes §5–401.1. (a)(1):

“A release of the claim of an injured individual for damages resulting from a tort, signed by the injured individual within 30 days of the infliction of the injuries without the assistance or guidance of an attorney at law…shall be voidable at the option of the injured individual within 60 days after the day on which the individual signed the document.”

Although certain states allow you to eliminate the release under the right circumstances, others do not. If an insurance provider offers to a release settlement, do not take it without consulting with a legal professional. In the event that you are not able to invalidate the release, you could lose any chance of seeking further compensation for your injuries.

What to do After an Accident

If you sustained an injury, speak with an attorney from Simeone & Miller, LLP, LLP as soon as possible. We are dedicated to helping people like you get the money they deserve following a serious accident and injury. We’ll review your case for free, so call our office and schedule your initial consultation today!