When it comes to a personal injury case, you may be offered a settlement at some point. There are some benefits to taking a settlement instead of pursuing the case further in the court system. You are taking a chance when you don't settle the case, and you could end up with nothing if you aren't able to prove that your injuries were caused because of the negligence of another party. If a settlement offer is low, it could be worth moving the case forward. It is important to speak with a personal injury attorney before you sign any paperwork offering you a settlement so that you can keep your options open. Here are some points to keep in mind as you make your decision.
Settlements Give You Money Faster
You may have to wait years for a personal injury case to get through the court system, especially if the defendant appeals an initial win. A settlement gives you cash fast, while waiting for compensation from a lawsuit can take much longer. When you are in need of cash immediately, it may be necessary to negotiate the best settlement you can and then accept the offer.
You May Get Much More in Court
A settlement offer isn't usually a final offer. When you hire a personal injury attorney to negotiate a settlement for you, it will soon be clear that the defendant is willing to work with you to keep the case out of court. If the settlement is nowhere near what you need to cover your losses, you are likely to get a higher amount of money if you take your case to court. Talk with your attorney about what you could expect from a trial if you aren't ready to settle.
You Have Less Stress With a Settlement
Going through a personal injury case can be a very stressful process. You'll have to testify in court, talk about your injuries, and have your medical records scrutinized. When you settle your case out of court, you aren't going to have to deal with the courtroom. For some people, the ability to settle the matter out of court and take a little less money is worth avoiding the added stress.
Settling a personal injury case is an important decision. You may need the money now, and a settlement is really your only option. You'll have to weigh your options and decide how long you can wait before seeing any of the money you deserve. Work with a personal injury lawyer to make the best decision for your situation.Share