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when you sign a release of liability that means that you will not be able to seek compensation from the other party for the injuries and the damages that you have sustained insurance companies are rather Swift to come out to your home to pay you a few dollars and to get you to sign a release of liability they may even tell you that you're still able to file a claim later don't be fooled do not sign a release of liability or a waiver of liability until you speak to an attorney you