Settlement of a Personal Injury Case: The Advantages and Disadvantages

Calculating Personal Injury Compensations

Most personal injury cases result in out of the court settlement. Court cases in California are not always the end of personal injury claims. Getting compensation for severe injuries requires the help of a personal injury lawyer. It might be faster to settle your personal injury case out of court if you have a skilled attorney on your side.

There are many types of personal injury lawsuits. If you suffer an injury and miss work, you might be entitled to compensation for emotional distress, pain, and loss of income. 

Often, personal injury cases arise when negligence leads to the harm of another party. A person can suffer serious physical and emotional harm as well as incur high medical bills due to these injuries.

A Few Things to Think about While Settling Your Case of Court

You should keep in mind a few factors before accepting a settlement from the other party, even if it is tempting to settle your case out of court.  An attorney needs to analyze crucial information to assess your case’s strength and the chances of winning. An attorney for an injured party will also look at the potential award amount and compare it to a settlement offer.

Considering the advantages and disadvantages of a personal injury settlement can help you make an informed decision:

Advantages of Settlement:

Getting your case settled has a number of advantages 

  • Receiving a settlement without having to go to trial is the best benefit associated with settling your case. When the case goes to trial, most settlement offers are off the table as soon as the trial begins, which could mean you forfeit not only the amount that was initially offered, but you may also be responsible for paying the defendant’s costs if the case goes to trial.
  • A settlement saves you the time and expense of getting ready for trial. You don’t have to deal with the stress of an ongoing lawsuit and can rest easy knowing that you are entitled to compensation. Moreover, there is no need to wait for the money in order to cover medical or other out-of-pocket expenses.
  • A settlement saves you from public exposure when you settle outside of court. When you go to trial, you will be required to reveal some personal information that will be scrutinized.

Disadvantages of Settlement:

These are some of the disadvantages of settling your case:

  • When an insurance company knows that their client is to blame, they will typically offer a settlement to the accident victim since going to trial is likely to yield a larger amount. A lawyer with experience and knowledge of the law can play a crucial role in evaluating the value of your claim. You can get advice on how to generate the best financial result by consulting with them.
  • A court may award punitive damages in certain circumstances, but this is not always true when an out-of-court settlement is reached. Punitive damages may apply if the defendant shows bad faith or gross negligence. An experienced personal injury lawyer can help determine if you have a strong case and if you are more likely to receive a higher settlement in court than the offer being made.
  • There is usually a clause in settlement releases that says the defendant does not accept liability for the incident. Victims typically wish to get a written verdict stating that the defendant is at fault, or they wish to arrange a court date so they can receive an apology or court appearance from the defendant. There will not be a trial or written judgment if a settlement out of court is reached.

You should consult a Deldar Legal Injury Attorney if you are unsure about whether or not to settle out of court

 

Tagged with: , , , , , , , , , , , , ,

Posted in: Auto Accidents, Personal Injury, Product Liability

Website developed in accordance with Web Content Accessibility Guidelines 2.0.
If you encounter any issues while using this site, please contact us: 844.335.3271