Settlement Form Motor Accident PDF Details

Dealing with the aftermath of a motor vehicle accident can be overwhelming, especially when trying to navigate the complexities of insurance claims and potential disputes. The Private Settlement for Motor Accidents form offers a straightforward solution for drivers wishing to resolve matters without resorting to legal action, providing a framework for an amicable settlement. It's crucial for all parties involved in a motor vehicle accident to report the incident to their insurance as failing to do so could lead to a reduction in the No Claim Discount (NCD) upon policy renewal. However, for minor damages without personal injuries, the option to engage in a private settlement enables both parties to agree on terms without suing each other, maintaining the agreement's legal binding nature. This approach not only aims at protecting the interests of those involved but also simplifies the process. NTUC Income policyholders have the added advantage of submitting the signed agreement for further assistance, ensuring that their NCD remains unaffected in case of subsequent claims by the other party. Moreover, the form serves as an essential document, outlining the accident's details, the agreement made, and confirmation that no police report will be filed, all while emphasizing privacy and information security in its handling.

QuestionAnswer
Form NameSettlement Form Motor Accident
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namescar accident settlement agreement form pdf, private settlement form, private settlement for car accident pdf, private settlement sample

Form Preview Example

PRIVATE SEtLEMENT FOR MOTOR ACCIDENTS

When involved in a motor accident, you are required to report accident (whether claiming under own policy or not) with accident vehicle (whether damage or not) to our reporing centres within 24 hours or the next working day ater the accident. Failure to report or late reporing of accident will result in insured’s NCD reducion, upon the next renewal of your motor policy.

You can choose to enter into a private setlement with the owner of the other car if there are no personal injuries and damages are minor. Under a private setlement, both paries agree to setle the mater amicably without suing each other. It is a legally binding agreement.

NTUC Income policyholders should send the signed form to Fax No. 6338 1500 or email atachment to motor@income.com.sg. NTUC Income will then take up the case on your behalf should the other party decide to lodge a claim subsequently. Your NCD will be protected even if we have to pay the claim.

NTUC Income collects, uses and discloses the informaion in this claim form for insurance and claims administraion purposes. For more details about NTUC Income’s Privacy

Policy, please visit www.income.com.sg/others/privacy.asp

PRIVATE SEtLEMENT

1.Details of Accident:

 

Date (dd/mm/yyyy) / Time :

 

 

 

 

 

 

Locaion :

 

 

 

 

 

2a.

Motor-vehicle registraion no.

 

 

driven by

 

 

 

 

 

(Name & NRIC no)

 

and owned by

 

 

 

 

 

 

 

 

 

 

(Name & NRIC no).

2b.

Motor-vehicle registraion no.

 

 

driven by

 

 

 

 

 

(Name & NRIC no)

 

and owned by

 

 

 

 

 

 

 

 

(Name & NRIC no).

3.There are no personal injuries or death involved.

4.The paries have agreed to setle this mater amicably as follows: *delete a) or b) as applicable.

*a. Neither party shall be liable to compensate the other party for any loss or damages (direct or indirect) incurred or to be incurred as a result of the accident.

*b. Without any admission of liability, (party paying compensaion) has paid a sum of $

 

which (owner receiving

compensaion) hereby acknowledges receipt thereof in full and final setlement of all damages and costs incurred and/or to be incurred as a

result of the accident.

5.Both paries have not and will not make a police report of this accident.

6.We understand that the informaion collected on this private setlement form will be kept and used by NTUC Income for invesigaing and administering claims, fraud detecion and underwriing future insurance applicaions.

Name (paying party):

 

 

 

 

 

 

 

Tel:

 

 

Fax:

 

NRIC / Passport no:

 

 

Signature :

 

 

 

 

 

 

 

 

Name (owner receiving compensaion):

 

 

 

 

 

 

Tel:

 

 

Fax:

 

NRIC / Passport no:

 

 

Signature :

 

 

 

 

 

 

NTUCINCOME/MTCL/PRIVATESETTLE/05/2014 • Page 1 of 1

How to Edit Settlement Form Motor Accident Online for Free

The PDF editor was made to be as straightforward as possible. If you keep up with the following actions, the process of completing the private settlement sample document is going to be effortless.

Step 1: Choose the button "Get Form Here" and press it.

Step 2: Now you are able to change private settlement sample. You possess a wide range of options with our multifunctional toolbar - you can include, erase, or modify the text, highlight its certain sections, and undertake many other commands.

Provide the information requested by the program to fill in the file.

settlement form auto gaps to consider

The software will need you to submit the We understand that the informai, administering claims fraud deteci, Name paying party, Tel, Fax, NRIC Passport no, Signature, Name owner receiving compensai on, Tel, Fax, NRIC Passport no, Signature, and NTUCINCOMEMTCLPRIVATESETTLE cid field.

Filling in settlement form auto stage 2

Step 3: Choose the "Done" button. It's now possible to export the PDF file to your device. Additionally, it is possible to forward it through email.

Step 4: You will need to generate as many copies of the document as you can to stay away from potential misunderstandings.

Watch Settlement Form Motor Accident Video Instruction

Settlement Form Motor Accident isn’t the one you’re looking for?

Related Documents

  • Sex Slave Form

    "... The consensual Real Slavery Application Form Page of Consensual Real slavery This is where the applicant slave fills out the form. If the master is unhappy with their decisions, they will ban you from the ..."

  • Seterus Short Sale Packet

    "... http://www.seteru.com/hilarity Response Line 866-5705277 hardship Fax Number 866-578 5277 004 Seteru Inc Financial Statement and Hardship Review General Information Name loan number address zip Primary phone number alternative phone What is your primary use of ..."

  • Seterus Third Party Autorization

    "... This communication comes from a debt collector. We are trying to collect the debt. Any information we obtain will not be used to make the payment. ..."

  • Sewerage Water Board Application

    "... Application for employment at the sewerage board and waterboard of New Orleans. We consider all applicants without regard for race, religion, age, marital status or any other legally protected status. All employees of sewerage board ..."

Please rate Settlement Form Motor Accident

1 Votes

Related Resources

If you believe this page is infringing on your copyright, please familiarize yourself with and follow our DMCA notice and takedown process - click here to proceed .