What is a “Release of All Claims” Form?

Being involved in a car accident is a scary and confusing time for many Arkansas drivers. In the blink of an eye, you may suddenly find yourself struggling with unimaginable injuries and a car that has sustained serious damage or is even totaled. During this time, insurance companies often come calling, looking to protect themselves from liability and looking for any way to reduce their payouts. They may pressure you into signing lots of documents and forms by claiming that these forms are “routine” or “just a formality.” They may even claim that you cannot collect compensation from them without signing these forms and documents. Never sign anything without first speaking to an experienced and skilled Arkansas car accident attorney.

When you sign an ‘All Claims Release’ Form, you are releasing the liable party and their insurance company from the following:

After an accident, you are undoubtedly ready to receive a check from the insurance company. However, the insurance company is counting on this urgency after an accident and they often take advantage of car accident victims during this time. They may use a “take it or leave it” approach to pressure injured accident victims into settling quickly and signing away their rights. When you feel pressured by the insurance company, know that there is always room for negotiation in these cases. Don’t feel pressured into accepting a settlement quickly. Take the time to discuss your case with an attorney and review all of your legal options before you agree to anything.

After a car accident, know what you’re signing and how this could affect your future and your ability to collect the money you truly need. Before signing an ‘All Claims Release’ Form, know that all damages related to the accident are fully covered. This may mean waiting until your injuries are fully healed or until the full extent of your injuries is known. Once you sign this form, you will not be able to go back and make additional claims.