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A “paid out of pocket for vehicle accident” letter is meant to inform an injured party that the individual who caused the accident is willing to cover any expenditures incurred as a result of the occurrence.
When an automobile accident occurs, one person is usually held responsible for the event. In this instance, the person may not want to involve his or her insurance company, so they send a vehicle accident letter pledging to reimburse the losses of the other party.
Sample 1 - Paying Out Of Pocket For Car Accident Letter
Your Name
Your Address
City, State, Zip Code
DATE
Name of Injured Party
Address of Injured Party
City, State, Zip Code
RE: offer of payment for repairs on the damaged car
Dear Name of Injured Party:
This is a legal letter of agreement for payment of the damage to your car that I caused on [DATE]. In the parking lot of [ADDRESS], I backed into the side of your car, damaging the driver’s door.
We agreed on [AMOUNT] as the whole and final settlement amount for the cost of repair during our phone chat on [DATE]. On or before [DATE], I agree to pay this amount using a personal check. You agree that once this payment is made, I will no longer owe you any money. You agree to release me from all current and future claims when you sign this letter.
You will find a copy of this letter inside, which you must sign and send to me. The agreement is final after we have both signed this letter. I may be reached at [phone number] or [email address] if you have any questions or would like to make any modifications to this letter.
Sincerely,
Signature
Printed Name
List of Enclosures:
Sample 2 - Paying Out Of Pocket For Car Accident Letter
Your Name
Your Address
City, State, Zip Code
DATE
Name of Injured Party
Address of Injured Party
City, State, Zip Code
RE: offer of payment for repairs on the damaged car
Dear Name of Injured Party:
I’m writing to apologize for the car accident that happened on [date] at [place] in the most sincere way possible. I was [briefly tell what happened] as you may know.
I’m willing to accept responsibility for the accident’s damages and am ready to cover them out of my own pocket. I am prepared to provide [amount of money] toward the expense of the damages.
I will be sending [amount of money] in the form of a check or money order to [address for mailing payment to].
Once again, I truly apologize for any inconvenience or hardship that this accident may have caused you. I hope that by offering to pay for the damages out of pocket, we can resolve this matter quickly and amicably.
Thank you for your understanding and cooperation.
Sincerely,
Signature
Printed Name
List of Enclosures: