What does a partial release settlement involve?

A partial release settlement involves the resolution of both property damage and bodily injury claims, allowing an injured party to receive compensation for a portion of their losses while potentially keeping open the option to pursue further claims in the future. This type of settlement is often used to expedite payment for immediate costs, such as medical expenses or vehicle repairs, while not fully releasing the other party from all liability.

This approach is beneficial in situations where the total extent of damages may not yet be fully realized or assessed. By agreeing to a partial release, the claimant can secure funds for known expenses while retaining the right to pursue additional compensation if future damages arise or if the warranted claims for additional injuries or damages are identified later. It’s a strategic method that balances the needs of both the claimant and the insurer, allowing for a fair resolution without fully closing the case.