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. When in a car accident involving two cars, there is the option to settle the damages and injury out of court.

What Does This Form Cover?

• Compensation for Loss of Work

• Medical Expenses

• Personal Hardship

• Vehicle Damage

Main Purpose

A waiver and release form is a document that has the specific purpose of releasing both parties in an accident from legal responsibility. This form is especially important for the party that was at fault when the accident occurred, as once signed by both parties, they are no longer liable for damages or injuries. Normally, in order to obtain the releasor’s signature, the liable person in the accident is responsible for the damages out of their own pocket or by payment via their insurance company.

If an accident involves more than two cars, this form would need to include all cars involved in the accident, which can be a daunting task and it’s often why multiple-car-related accidents go through the legal system in order to be settled.  The more cars there are, the more complicated the legalities become.