Car Accident Settlement Agreement Letter. This is a formal letter of agreement for payment for the damage I caused to your car on DATE. A car accident waiver and release of liability, also referred to as a "settlement agreement", is a legally binding document that, when signed, guarantees that a settlement will be finalized outside of the legal system.
Before you settle a car accident claim, you should know your rights and the legal consequences involved.
Car accidents may be simple or complex, depending on the circumstances of the case.
After a car accident, once you've opened a claim with the other driver's car insurance carrier, and you have been released from a physician's care—or are otherwise confident that you have reached the point of maximum healing—you (or your attorney) can typically start crafting the demand letter. Reaching a settlement for your car accident can save you the time and expense of a trial, and get money in your pocket faster. The accident took place while I was driving down the Oxford Street and you suddenly came driving rashly from the opposite side and slammed my car from the front.