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HomeMy WebLinkAbout20170728_All State ReleasePROPERTY DAMAGE RELEASE KNOW ALL MEN BY THESE PRESENTS: That the Undersigned, being of lawful age, for sole. consideration of Six Hundred Forty -Three and 58/100 Dollars ($64358) to be paid to Allstate Insurance Company as Subrogee for Jonathan Taylor do/does hereby and for my/our/its heirs, executors, administrators, successors and assigns release, acquit and forever discharge the City of San Luis Obispo, CA and his, her, their, or its agents, servants, successors, heirs, executors, administrators and all other persons, firms, corporations, associations or partnerships for and from any' and ail claims, actions, causes- of action, demands, rights, damages, costs, loss of service, expenses and compensation whatsoever, which the undersigned now hasthave or which may hereafter accrue on account of or in any way growing out of any and all. known and unknown, foreseen and unforeseen property,damage and the consequences thereof resulting or to result from the occurrence on or about the 23'd day of March, 2017, at.or near the intersection of Monterey Street and Santa Rosa Street, San Leis, Obispo, CA. It is understood and agreed that this settlement is the compromise of a doubtful and disputed claim, and that the payment made. is not to be construed as an admission, of liability on the part of the party or parties hereby released, and that said releasees deny liability therefor and intend merely to avoid litigation and buy their peace. The undersigned further declare(s) and' represent(s) that no promise, inducement or agreement not herein expressed has been made to the undersigned, and that the Release contains the entire agreement between the parties hereto, and that the terms of this Release are contractual and not a mere recital. It is further understood and agreed that all rights under Section 1542 of the Civil Code of California and any similar law of any state or territory of the United States are hereby expressly waived. Said section reads as follows: "1542. Certain claims not affected by general release. A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if ]mown by him must have materially affected his settlement with the debtor." FOR YOUR PROTECTION CALIFORNIA LAW REQUIRES THE FOLLOWING TO APPEAR ON THIS FORM: Any person who knowingly presents false or fraudulent claim for the payment of a. loss -is guilty of a crime and may be subject to fines and confinement in state prison. THE UNDERSIGNED HAS READ THE FOREGOING RELEASE AND FULLY UNDERSTANDS IT. STATUTE OF LIMITATIONS ON YOUR INJURY CLAIM, IF ANY, EXPIRES ON N/A. Section 11583 of the Insurance Code requires that notice be made to you of the following: 1. The statute of limitations for bodily injury actions expires'two years from the date of accident unless the injured party is a minor. In that case, the statute expires two years from the date the minor reaches majority. (Section 335. 1, Code of Civil Procedure). 2. The statute of limitations for bodily injury against a Governmental entity expires six months from the date of the notice of rejection. (Section 945.6 of the California Government Code.) , Signed, sealed and delivered this a—Ae day of r Address P CAUTION: READ BEFORE SIGNING -BELOW n CW File:1966243 - Allstate Claim No. 0450288212 F7F CwU32