On the one hand, settling a personal injury claim can expedite the process – getting you the compensation you need to pay expenses sooner than if you take the case to court. On the other hand, some insurers simply do not offer fair settlements, necessitating a trial to get compensation you deserve. In any event, working with a personal injury lawyer in Coeur d’Alene at The Sargent Law Firm throughout the duration of the process is the best way to ensure a fair and adequate outcome.
Be sure to first contact The Sargent Law Firm to evaluate a settlement offer If you are in possession of a one from an insurance company (even if it is your own).
Opting to Settle a Personal Injury Case
Assuming both parties are in agreement with the terms, a settlement can occur within the first few months following the accident unlike a trial. Here are some of the benefits of settling:
- Expedited resolution
- Dismissal of all claims by all parties involved
- Immediate receipt of settlement funds
Victims of auto accidents are advised, however, to examine that the insurance company is also trying to resolve the matter quickly. They may offer a resolution amount that is not necessarily in line with the extent of the victim’s injuries. Moreover, some injuries do not manifest until a significant amount of time after the event, and settling too quickly could result in an underpayment of an injury claim.
Risks and Benefits of a Trial
One reason why so many plaintiffs prefer to settle the matter and move on is because some civil lawsuits take a year or longer to reach a judge or jury. However, there are a number of benefits to pushing on toward trial for some claimants, instead of accepting a settlement offer that is too low.
A lot depends on the particular situation. Work closely with your lawyer to make these decisions. On the one hand, a trial can delay receiving your compensation and can be uncertain in some cases. On the other hand, some insurance companies flat out refuse to offer anything but a lowball settlement, making a trial a necessary part of reaching a fair resolution to your case.
Accept the Settlement Offer or Go to Trial?
For some, accepting a fair settlement offer is preferred to going to trial. For others, going to trial may be the only way to get fair compensation. So what is a victim to do?
Here is some advice to those currently weighing their options or who are getting ready to start their personal injury claim and want to know what to expect.
- Make sure you fully understand the extent of your injuries. Do not settle until you know all injuries you suffered and their degree of seriousness.
- Evaluate the long-term effects of your injuries and disability. Talk to your doctors about your diagnosis, ability to go back to work, and the everyday effects of your injuries.
- Run any and all settlement offers by your lawyer.
Not sure? Call The Sargent Law Firm today!
Before signing on the dotted line, contact The Sargent Law Firm right away to discuss your options with a personal injury lawyer in Coeur d’Alene: 208-600-6000.