Insurance PD Settlement Letter

INSURANCE PD SETTLEMENT LETTER

Date:

Recipient / Insured Information

Claim and Policy Information

Date of Loss:    Loss Location:

Coverage and Exposures

Coverage asserted under policy:

Property Damage Collision Comprehensive Other

Loss Description and Damage Itemization

Settlement Offer

Pursuant to the claim and the insurer's investigation, the insurer offers to settle all first-party property damage claims arising from the above-referenced incident under the following terms. This offer is made as an accommodation and is not an admission of liability.

Payment method (select all that apply):

Insurer check Electronic transfer Other

Conditions of Payment and Release

This settlement is conditional. Upon receipt of the signed release and the documents listed in the Documentation Checklist below, and upon payment being negotiated or funds cleared, the insured shall be bound by the terms of the Full and Final Release as provided herein. The Full and Final Release will release the insurer, its agents, adjusters, and affiliates from all claims, demands, actions and causes of action of every kind and nature, whether known or unknown, arising out of the incident described above, including but not limited to property damage claims.

The insured acknowledges that acceptance of this offer constitutes an allocation of payment solely for property damage and that no admission of liability is made by the insurer. The insured further agrees to cooperate in any reasonable subrogation efforts by the insurer and to execute such documents as may be necessary to effectuate subrogation rights, provided that the insured shall not personally incur costs for such cooperation.

Exclusions / Reservation of Rights

This settlement offer does not apply to any bodily injury claims, punitive or exemplary damages, diminution in value claims separate from property repair/replacement, or any other claims not explicitly identified in this letter. The insurer expressly reserves any and all rights and defenses under the policy, subject only to the terms of this limited property damage settlement.

Documentation Checklist

The insured must return the signed release and provide the following as applicable:

Photographs of damage Repair estimate(s) from licensed contractor or vendor Paid invoices or proof of payment (if claiming reimbursement) Proof of ownership or title (if requested)

Acceptance Instructions and Deadline

To accept this offer, sign and date the acknowledgment below and return the executed Full and Final Release along with the documentation checklist items. This offer will expire if not accepted by: . Failure to accept by this date will render this offer void unless extended in writing by the insurer.

Declaration and Acknowledgement

By signing below, the insured acknowledges receipt of this settlement offer, confirms that the information provided in support of the claim is true and correct to the best of the insured's knowledge, and understands that signing the accompanying Full and Final Release will bar further recovery of claims released thereby. The insured further certifies that no other party has a claim to the funds absent a separate court order or written assignment.

Sign Now