The Lima Arizona Settlement Agreement of Property Damages resulting from an Automobile Accident is a legally binding contract that outlines the resolution of property damages caused by a car crash in Lima, Arizona. This agreement ensures that both parties involved in the accident reach a fair and mutually acceptable resolution regarding the repairs and compensation for the damaged property. Keywords: Lima Arizona, settlement agreement, property damages, automobile accident, legally binding contract, resolution, repairs, compensation, damaged property. Types of Lima Arizona Settlement Agreement of Property Damages resulting from an Automobile Accident may include: 1. Direct Payment Agreement: This type of settlement agreement involves the at-fault party directly paying for the property damages caused by the automobile accident. The agreement may detail the specific amount to be paid and the payment terms or installments, if applicable. 2. Insurance Claim Agreement: In this type of settlement agreement, the parties involved in the automobile accident agree to pursue an insurance claim to cover the property damages. The agreement may outline the necessary steps to be followed for filing the claim, such as providing evidence of the damages, obtaining repair estimates, and communicating with insurance companies. 3. Mediation Agreement: A mediation agreement is reached when the parties involved in the automobile accident opt for a third-party mediator to assist them in resolving the property damages. The mediator helps facilitate communication and negotiations, aiming to reach a fair settlement. The agreement may include details about the mediator's role, the agreed-upon settlement amount, and any additional terms or conditions. 4. Small Claims Court Agreement: In situations where the property damages resulting from the automobile accident are relatively minor, the parties involved may choose to resolve the matter through a small claims court agreement. This agreement outlines the process of filing a claim in the small claims court, scheduling hearings, presenting evidence, and reaching a settlement. It may also mention the specific jurisdiction where the claim will be filed and any applicable legal procedures. 5. Property Damage Release Agreement: This type of settlement agreement is signed when the at-fault party agrees to compensate for the property damages caused by the automobile accident and the damaged party releases them from any future claims or liabilities related to the accident. The agreement usually specifies the exact compensation amount, the conditions for release, and any other relevant terms or conditions.