Should I receive payment before signing a release?

by Thomas
(Austin, Texas, USA)

Release form says "For and in consideration of the sum of $xx, RECEIPT OF WHICH IS ACKNOWLEDGED..."

Insurance company states they will send check when release is received.

Should I sign before receiving payment in light of that statement - "RECEIPT OF WHICH IS ACKNOWLEDGED", or is this standard language?


Answer:


Hello,

I am glad that you are actually reading what you are signing. Most people do not. The bottom line is that the insurance company must pay you. If you sign and they cannot show that you cashed the check, they may have to pay you again.

In other words, insurance companies have the burden to show actual payment. This is why they require you actually sign before check is issued.


Good Luck,
Auto Insurance Claim Advice