Should I sign release of liability for the other party’s insurance company? On 11/13/12 I was hit while on my motorcycle in Sacramento. I had a compound fracture of my tibia an fibula, and ripped ligaments in my ankle. The other driver was found at fault. I retained a personal injury lawyer. This week I was contacted by my lawyer to sign a release of liability for the other parties insurance for $100,000 the limit. My medical bills at this time are 170,000. My lawyer was able to reduce my current bills and he want me to sign the release of liability saying I will Net 30,000-33,000. The problem is I am still in pain, I walk with a cane and limp, an I have a good chance a needing an additional surgery with no insurance to pay still which could possibly leave me with one of my legs shorter and a permanent limp for life, and more medical bills. Why should I sign?
It sounds like your lawyer has done everything they can. You may just want to make sure that there isn’t any other insurance available to you. If there isn’t, then your attorney is making a good recommendation to you to resolve your case. You can probably get a judgement in excess of $100,000 but collecting on it may be impossible and you could potentially end up with less money in your pocket after the increase in attorneys fees, litigation costs, and an increase in medical bills.
Talk to your attorney, it sounds like you have one who knows what they are doing and have your best interests in mind.
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