A Car Accident Release of Liability, also known as a settlement agreement, is a legal form that allows you and another party to resolve a dispute outside of court.
By using and signing this document it releases each party from being legally responsible for any injuries or damage caused in a small car accident.
The party that caused the accident will typically pay from their bank account or use their insurance to compensate for any harm done to the other party.
The form typically covers the issues below:
- Medical bills
- Personal suffering
- Vehicle repairs
A Car Accident Release of Liability Form will typically cover any compensation for money lost due to a necessary leave from work as well.
Create your Release of Liability Waiver for a Car Accident in minutes with our easy-to-use template.
How Does a Car Accident Release Form Work
For a Car Accident Release Form to work you and the other party involved must first come to an agreement.
Both parties should do the following to create a valid Release of Liability:
- Gather all the details regarding the accident and injuries
- Reach an agreement (settlement)
After these steps are taken, you can create and authorize the form with the other party involved in the accident.