Personal injury lawyer Paul McCourt Curley explains why you should never sign a scheduled release from an insurance company.
Should I Sign a Scheduled Release From my Insurance Company?
My clients sometimes ask “should I sign a scheduled release from an insurance company?” My answer is no, you should never sign a scheduled release from an insurance company.
What Is A Scheduled Release from an Insurance Company?
A scheduled release from an insurance company is simply a tactic used by insurance companies to have you accept less than your claim is worth. When you’ve been involved in an accident, the first thing you should do is seek medical care. The second thing you should do is contact an attorney. When you receive a scheduled release from an insurance company, there’s confusing language in the releases. They are trying to limit your claim, both in time of payment and in the amount that they are willing to pay.
Why Does an Insurance Company Use A Scheduled Release?
Insurance companies are looking out for the shareholders of their corporations. They’re not concerned about the medical treatment that you actually need. They are not concerned about your rights; they are concerned about maximizing profits. When they send a check to you, they’re attempting to have you resolve the claim before your injuries have even played out. You never want to settle your claim before you know the extent of your injuries, before they have been properly treated, and before they have resolved.
About the Speaker: Paul Curley works out of the Fredericksburg office of Allen & Allen. For over 15 years Paul has represented clients in a diverse array of personal injury, medical malpractice, and products liability cases. He is motivated by his ability to help clients through difficult times in their lives. Paul is a Virginia native and graduate of the T.C. Williams School of Law.