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HomeMy WebLinkAbout20190827 GEICO-Sfx1 PDRelease 1998691PROPERTY DAMAGE RELEASE That the Undersigned, being of lawful age, for sole consideration of One Thousand Four Hundred Fifty -Two and 86/100 Dollars ($1,452.86) to be paid to GEICO General Insurance Company as Subrogee for Ravi Kumar does hereby and for my heirs, executors, administrators, successors and assigns release, acquit and forever discharge the City of San Luis Obispo and Hayden Paul Warner its agents, servants successors, heirs, executors, administrators and all other persons, firms, corporations, associations or partnerships of and from any and all claims, actions, causes of action, demands, rights, damages, costs, loss of service, expenses and compensation whatsoever, which the undersigned now has or which may hereafter accrue on account of or in any way growing out of any and all known and unknown, foreseen and unforeseen and property damage and the consequences thereof resulting or to result from the accident, casualty or event which occurred on or about June 4, 2019 at the intersection of Calle Joaguin and Los Osos Valley Road San Luis 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. 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. A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have.materially affected his or her settlement with the debtor or released party." 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 this Release contains the entire agreement between the parties hereto, and that the terms of this Release are contractual and not a mere recital. THE UNDERSIGNED HAS READ THE ABOVE AND FULLY UNDERSTANDS IT TO BE A FULL AND FINAL RELEASE OF ALL PROPERTY DAMAGE CLAIMS. Name Wz 7/Z 0 �J Dat GEICO Claim Number