Auto lawyers warned that signing the “Loss Settlement Agreement” at the insurance company’s office cuts off the possibility of further lawsuits for the victim if there is not enough money to fix the car.
It is suggested to sign this document when the amount of the fee is announced. Drivers sign it, hoping to later request an independent investigation and demand more.
Head of the legal company “A.Legal” Yuri Alexandrov explained that in this way the car owner agrees that the company did everything right. There are simply no grounds for a lawsuit right now and it will be “quite problematic” to challenge the document.
The lead lawyer of the European Legal Service, Orest Matsala, also agrees with him, who also advises against signing an agreement if you are not sure whether the proposed amount suits you.
“Let them transfer undocumented money to the bank details of the account specified in the application,” he says.
Source: The company’s secret
Source: Z R
Anika Rood is an author at “Social Bites”. She is an automobile enthusiast who writes about the latest developments and news in the automobile industry. With a deep understanding of the latest technologies and a passion for writing, Anika provides insightful and engaging articles that keep her readers informed and up-to-date on the latest happenings in the world of automobiles.