Car Crash Agreement

Hello. Looks like your question is whether you can take your neighbor`s payment to pay for the repair, while your intention is to do it yourself, which wouldn`t cost the $500 you`re asking for. It`s up to you. The risk is that if you make a deal and then you won`t be able to do it yourself, you won`t have any extra recourse (you can`t go back and ask for more money). It would be a private contract. If your neighbor agrees to pay $500 to repair your car (which they know they have been damaged) and you agree that it is a fair exchange, it is important to have it all in writing. In the future, it is always a good idea to get a police report (in some states, it is necessary if there is property damage), even if you intend to exchange the payment privately. Once the insurance makes its highest offer, it is up to you to accept or refuse it. While you might think a dish, on the other hand, you compensate for the maximum amount, which is not true in most cases. There are several advantages to paying a debt through an agreement.

First of all, it is less expensive because you can avoid all litigation and legal fees. Then, if you take the case to court, the defense attorney may notice weaknesses in your case, which is less likely for the damage of an insurance company. In addition, you can avoid the stress of litigation, which often involves a longer delay than the resolution of a case. Some transaction agreements go even further by closing the door to future legal rights that you may have by designating as persons against whom you waive your rights, by appointing parties other than the defendant. In Georgia, a publication must make it clear that it discourages other parties from their potential liability. However, if you don`t read a transaction contract carefully or don`t know where to look, you may not realize that it says that if you take money from insurance company X, you give up your ability to sue the insurance company Y and Party Z for additional damages. It`s also one of the reasons why it`s so important to make a transaction contract beyond a lawyer or, better yet, to keep a lawyer to conduct settlement negotiations for you. There is nothing more unfortunate than if someone asks Hasner Law for our help and it turns out that they have already signed their rights against parties that would otherwise have caused them considerable damage. As a binding contract, a transaction is final. Once they have signed it and deposited it, the parties to the transaction can usually no longer open it.

This is why victims of injured accidents must approach the colonies carefully and must always seek the advice and advice of an experienced lawyer in the event of a car accident before accepting anything. These precautions contribute to victims receiving, in exchange for the abandonment of their significant legal rights, the maximum amount reasonably available.