A few days ago, I was involved in a very minor car accident. I was slowly backing up on an inclinded parking spot (in front of a store), and did not see a small motorcycle parked behind my car. As a result, I hit the motorcycle, and it fell down. Except for some permanent scratches/scrapes on the surface of the motorcycle headlight, there were no other damages.
The owner of the motorcycle and I met in the Barangay hall and agreed to settle things amicably - I agreed to pay for the damage (scratches) on the headlight. He said that since the scratches are already permanent, the whole headlight assembly needs to be replaced. A few days later, he texted me and said it costs P2000.00. Although I am prepared to settle the issue, I was a little surprised by the cost. Unfortunately, my insurance will require me the minimum participation fee of P2000.00 as well, so it won't be advantageous if I claim the accident with my insurance.
My question is, in the event that I do pay the other party the said amount, can you advise as to the best document I need to bring/make, to ensure my payment will finally settle the case? Should I just create my own settlement document and have both parties signed, along with a witness from the Barangay? Will this suffice, or do I have to have a lawyer draft an affidavit or something?
Thanks in advance for the help!