We got into an accident po, a car rear-ended us. It's all in the police report. We have compre insurance. Vehicle 2 (V2) none. V2 is amenable to pay us the participation, subject to giving them a Quitclaim.
Upon meeting and as assessed by our insurer, we were informed that the insurance company will charge us only the deductible and they (insurer) will go after V2 for the amount charged by the car maker for the repair.
My question po Atty is since upon receipt of the money from V2 (representing the deductible), they want us to issue a quitclaim stating that the insurer will no longer go after them. Will this hold po against the insurer; that they cannot go after V2 for the repair amount? If it has no bearing since the quitclaim is between us and V2, can they (V2) go after us naman for issuing the same pero the insurer still goes after them?
For you kind advise please. An unfortunate holiday experience