Form 3 Agreement to Waive Assessment of Impairment: What You Need to Know
If you have been injured in an accident caused by someone else`s negligence, you may be entitled to compensation for your injuries. However, in order to receive compensation, you will likely need to undergo a medical evaluation to determine the extent of your injuries and any potential impairments.
Under Ontario`s Statutory Accident Benefits Schedule (SABS), insurers are required to pay for assessments of impairment, which are usually conducted by medical professionals such as doctors or physiotherapists. However, in some cases, insurers may offer injured persons a Form 3 Agreement to Waive Assessment of Impairment.
What is a Form 3 Agreement to Waive Assessment of Impairment?
A Form 3 Agreement to Waive Assessment of Impairment is a document that an insurer may offer an injured person as part of the claims process. By signing the form, the injured person agrees to waive their right to any future assessments of impairment related to their injuries. In exchange, the insurer may offer the injured person a lump-sum payment or other compensation.
Why would an insurer offer a Form 3 Agreement to Waive Assessment of Impairment?
Insurers may offer a Form 3 Agreement to Waive Assessment of Impairment for a few reasons. One reason may be to save costs associated with paying for assessments of impairment. Another reason may be to settle the claim quickly, without the need for ongoing assessments or negotiations.
Should you sign a Form 3 Agreement to Waive Assessment of Impairment?
It is important to carefully consider whether or not to sign a Form 3 Agreement to Waive Assessment of Impairment. If you have suffered serious injuries that could have long-term effects on your health or ability to work, you may want to proceed with caution.
Assessments of impairment can provide important evidence of the extent of your injuries and their impact on your life. By waiving your right to future assessments, you may be limiting your ability to receive compensation that accurately reflects the true cost of your injuries.
If you are considering signing a Form 3 Agreement to Waive Assessment of Impairment, it is advisable to consult with a personal injury lawyer first. A lawyer can help you understand your rights and options, and advise you on whether the offer is fair and reasonable.
In conclusion, a Form 3 Agreement to Waive Assessment of Impairment can be a useful tool for insurers to settle claims quickly. However, injured persons should carefully consider whether signing the form is in their best interests. If you have questions or concerns about a Form 3 Agreement to Waive Assessment of Impairment, it is important to seek legal advice from an experienced personal injury lawyer.
