Q: Once a PI settlement agreement is signed by Claimant can Defendant require more documents or change the original?
signed a settlement agreement for my car accident and requested the payment to go into my Trust account. I had made the insurance company aware of this and the agreement states, "Claimant states her desire to have the settlement check addressed to her Trust account." Then 12 days later when checking the status of the payment, they said they wanted me to also sign a Letter of Direction and a new settlement agreement with additional verbiage. Are they bound by the original agreement we made and I signed? Do I have to sign the new documents in order to get paid as agreed? What options do I have?
A:
A Colorado attorney could advise best, but your question remains open for two weeks. If you were represented by an attorney, they would be in the best position to answer, based on having the file.
Without knowing more details, it's possible the directive to use the trust account may have thrown off the insurance carrier from their standard procedures. Insurance companies use releases that tend to be boilerplate in nature. That's only a general guess. I realize that does not directly answer your question about being bound by original agreement in simple "yes" or "no" terms, but an attorney would probably want to review in detail to offer specific guidance. Good luck
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