Full question:
I was backing my, 87 year old, fathers car out of his driveway and bumped the neighbors truck. I received the estimate and have decided to pay for it and not contact his insurance. I don't want his rates to go up. I am looking for a form that basically says that, I have paid for the damage and am released from any further cost for fixing the truck. I don't want the party coming back and saying the cost has gone up. I want to pay for the damage, but at the same time protect myself from any further costs. Can you help me with this? Thank you for your time.
- Category: Contracts
- Subcategory: Releases
- Date:
- State: Oklahoma
Answer:
A release form can help you settle a claim and prevent the other party from pursuing further damages after you make a payment. In your case, it would waive their claims for damages to their truck and any potential personal injury or related costs. This form essentially protects you from any future claims regarding the incident.
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