Release Claims Form Statement With Text
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FAQ
If your release has an indemnity and hold harmless clause, you agree to release the other driver and their insurance company from any third party claims against them as a result of your accident. You acknowledge your responsibility to pay these additional claims.
Also known as a general release or release. A written contract in which one or more parties agree to give up legal causes of action against the other party in exchange for adequate consideration (that is, something of value to which the party releasing the legal claims is not already entitled).
The release of all claims form, also called a ?liability waiver,? is an agreement establishing a resolution of each party's differences and dismissing their claims. It clears the at-fault party and their insurance company from liability. Once you, the claimant, sign it, you can not pursue any additional compensation.
DD Form 2527, "STATEMENT OF PERSONAL INJURY - POSSIBLE THIRD PARTY LIABILITY DEFENSE HEALTH AGENCY"
What is a Release of Claims for? Once you sign the release form, it releases the at-fault driver and their auto insurer from any future liability associated with the accident. You will no longer have the right to make additional accident claims or bring an accident lawsuit against them.
