WHAT IS THE FRIENDLY SETTLEMENT IN A TRAFFIC ACCIDENT

In general, the victims of a traffic accident have to wait several months to resolve a traffic accident with serious consequences. However, those with minor consequences can be solved more quickly and easily. This article will explain the role of an amicable settlement in a traffic accident.

WHAT IS THE FRIENDLY AGREEMENT IN A TRAFFIC ACCIDENT?

An amicable agreement is a form or contract in which the two parties involved in a traffic accident voluntarily acknowledge that there was an altercation and specify details about it. Friendly agreements facilitate the exchange of data between those involved and help to quantify material and personal damage from the first moment of the accident.

Generally, they are not performed when the accident causes serious personal injury such as mutilation, disfigurement of the face, or death. Rather, they serve to effectively resolve small disputes, streamline the legal process, and speed up the replacement of lost property by the insurer.

WHAT KIND OF DATA SHOULD BE INCLUDED IN THE FRIENDLY SETTLEMENT OF A TRAFFIC ACCIDENT?

MATERIAL

The settlement must detail the material losses caused both in the vehicles and in other objects damaged by the accident, such as laptops, telephones, or personal accessories.

PERSONAL

The amicable agreement must name the people involved in the accident and their involvement in it. For example, it must include the victim and aggressor’s name, phone, email, nationality, and physical address so that the victim can contact their abuser if necessary.

CAR-RELATED

In addition to the personal data, the friendly agreement must also include the data of each of the cars involved, such as the license plate number, the maker, the model, the color, the name of the contracted insurer, and the policy data, as well as a copy of each driver’s license if possible.

SPACE

It would also be good to include the location of the disaster and the circumstances of the accident, as well as photographs and sketches of the site.

IS IT NECESSARY TO HAVE A LAWYER TO REACH A FRIENDLY SETTLEMENT?

To reach an amicable agreement between those involved in a traffic accident, it is not necessary to have a lawyer.

Amicable agreements are not a document that is entered into a public office but are simply a document that establishes the existence of a traffic accident.

An attorney can facilitate the process and ensure that the description of the events is appropriate, but those affected are not required to have an attorney to fill out the agreement. The alleged victim can describe the situation that has occurred and the details of the accident on a regular sheet of paper. At the end of the statement, both parties put their respective:

1. Identifying data.
2. Paymentcommitments, and
3. Signatures.

Note: Predetermined friendly agreements that can be filled out and printed can be found online.

WHEN IS THE FRIENDLY AGREEMENT ESTABLISHED?

The amicable settlement does not need to be fully completed at the same time the accident occurs. Although it is beneficial that they are there, it is not necessary to fill out the entire amicable agreement on the same day that the traffic accident occurred.

If the contract specifies that it is possible, the friendly settlement could receive some new data during a set interval of time.

The goal should be to establish an amicable agreement immediately after the accident occurs, save for certain exceptions. For example, if a man caused the accident because his wife was going to give birth in an emergency, he can give his contact details and be on his way. In the next few days, the man would finish signing the friendly agreement and provide a more complete description of the events.

A PERSONAL INJURY LAWYER MAKES THE FRIENDLY SETTLEMENT MORE FRIENDLY

If someone has recently suffered a traffic accident in Sherwood Park, they should ask themselves “Am I completely sure I entered the correct data?” With the help of a lawyer, those involved in a traffic accident can sign an amicable agreement that will free them from future worries.

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