When you are involved in a car crash, you might decide that you are going to seek compensation for the damages you suffered. This is done through a personal injury lawsuit, but not all go through a trial. Sometimes, these cases are resolved through a settlement.
There are many benefits and drawbacks to working out a settlement agreement. You have to consider all options when determining the best course of action.
Many victims of crashes are concerned about how long their case will take to go through the court process. The fact is that this can be a very long process. Court dockets are often full, so you might have to wait a while just to have your case put on it.
Some victims choose to pursue a settlement because it is a faster resolution. You don’t have to wait on the court to have a spot open for the trial. Instead, you and the other side work together to come up with an agreement. This is also the less costly option for getting the matter resolved.
The terms of the settlement are a huge concern. Most of the time, the defendants will include something that states they don’t have to admit liability for the wreck. This might be a deal breaker for some people, especially if the reason for the lawsuit is about more than just the money.
Another thing to remember is that there is usually a clause that will prevent you from being able to discuss the settlement or terms. If you don’t abide by this, you will face penalties, such as having to repay the settlement.
Making the choice
When you review the settlement, make sure that you think about the money. You need to have enough to pay the bills that you’ve already received. You also need to think about what costs you might incur in the future. You can’t come back and ask for more money later, so be sure you have an idea of what you will need.
It is imperative that you review all the terms of the agreement prior to signing it. If anything seems amiss, take the time to review it again. You don’t want to agree to something that isn’t in your best interests.