4 Benefits of Settling During a Personal Injury Case
If you’ve sustained an injury that was caused by someone or something else, you may be eligible to make a claim for compensation. When you take legal action, the person or company responsible for your injuries may decide to offer you a settlement. This essentially means that you’ll ‘settle out of court’ for an agreed sum.
It can be tricky to decide whether or not to agree to a settlement or to proceed to litigation. If you work with experienced personal injury attorneys, like Horst Shewmaker, however, you’ll be able to access the bespoke advice you need. In the meantime, take a look at some of the benefits associated with settling during a personal injury case:
1. Speed:
An out-of-court settlement can be agreed quickly and, in many instances, you’ll receive your money much more quickly than if you proceeded to court. Any type of legal action can take months or years to complete, which means you could wait a significant amount of time to receive any compensation if you decide to litigate. By settling, however, you can obtain compensation more quickly and use it to fund your expenses during your recovery or however else you choose.
2. Certainty:
If you go to court and you’re awarded compensation, the other party may decide to appeal the decision. Unfortunately, this can mean you’ll be waiting even longer to receive any compensation for your injuries. In contrast, a settlement is agreed upon by both parties, so there is no need for the other party to lodge an appeal. Providing all the information and evidence you’ve provided is accurate, there should be no subsequent legal action to delay your compensation.
3. Collection of Funds:
Even if a court orders a party to pay you a specific amount of compensation, they can attempt to avoid paying it in a number of ways. They may decide to declare themselves bankrupt in order to avoid paying you compensation, for example. Of course, this can be extremely frustrating when you’ve been awarded compensation. If you agree to a settlement, the other party is less likely to use these tactics. As they’ve agreed to pay you a pre-agreed sum, they’re fully aware of their obligations and more likely to fulfill them.
4. Less Stress:
Going to court can be a stressful process, even if you’re the party bringing the claim. In addition to giving evidence, you may need to call family members, friends, and colleagues as witnesses, which further adds to the stress you’re under. If you agree to a settlement, however, you can avoid having to go to court at all and significantly reduce the stress associated with making a claim for personal injury compensation.
Getting the Compensation You Deserve:
Settling a personal injury claim can be an effective way to access the compensation you deserve after an accident that wasn’t your fault. However, it’s important to ensure that you’re still receiving a fair amount of money, based on the injuries you’ve sustained and the impact they’ve had on your life. By getting legal advice, you can ensure that your rights are protected and that you’re able to negotiate a settlement that reflects the harm you’ve experienced.
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