Glossary · legal
Release
Settlement agreement terminating future claims.
Releases typically extinguish all future claims related to the covered event. Read scope carefully; narrow language protects future supplemental claims.
In practice
Where you encounter "Release"
Policyholders encounter "Release" in policy language and claim correspondence. Knowing the precise definition keeps you from accepting carrier framing.
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Related
Related terms
Structured Settlement
Payment over time instead of lump sum.
Hold Harmless Agreement
Agreement releasing a party from liability.
Deemed Rejected
Claim rejection by operation of law.
Good Faith
Duty of honest dealing.
Duty to Defend
Insurer obligation to defend insured in third-party claims.
Know the law
Related statutes
FS 626.854
Public adjuster.
FS 627.70131
Carrier duties.
FS 627.70132
Notice deadlines.
FS 627.7142
Bill of Rights.
FS 626.9744
Matching.
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Pick the closest match. We will ask for details later.
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Glossary
Related insurance terms
Endorsement
Related glossary entry: Endorsement.
Statute of Limitations
Related glossary entry: Statute of Limitations.
Covered Cause of Loss
Related glossary entry: Covered Cause of Loss.
Open Claim
Related glossary entry: Open Claim.
Recoverable Depreciation
Related glossary entry: Recoverable Depreciation.
Claim Severity
Related glossary entry: Claim Severity.
Free claim review
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- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details later.
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