Reasons For Agreeing To Out-of-The-Court Settlement

Some accident victims relish the thought of a chance to face the responsible party in a courtroom. Still, few victims choose to pursue that particular option. Why is that the case?

The litigation process introduces an element of uncertainty.

The opposing parties determine the range for the offers that they will be exchanging. In contrast to that, the jury usually has the right to select a figure of any size, large or small. The exception to that freedom exists in jurisdictions where the size of the award for pain and suffering has been capped.

With litigation, which often includes a trial, the victim must wait longer for delivery of any compensatory funds.

You’ll always need to hire a good personal injury lawyer if you have sustained major injuries because a lawyer can help you obtain all of the categories of compensation that you may be entitled to. Your lawyer can also do the following:

Negotiate on your behalf and ensure that you get the full amount as damages that you’re entitled to. The insurers and defendants will take your case more seriously once you hire a good personal injury lawyer. The negotiation process does not last much more than a month or two, at the most. True, the claimant must sign a release form, before delivery of any compensation. Still, that does not add significantly to the length of the claimant’s waiting period.

In contrast to that short span of time, a trial could go on for close to one year. Moreover, following a trial, either side could try appealing the jury’s decision. That would further delay the delivery of any money that the judge had awarded the plaintiff.

Keep in mind this fact: An insurance company might jump at the chance to give a fixed sum of money to a certain claimant or plaintiff. That would force the same claimant/plaintiff to sign a release form. The signature on that same form would release the insurance company of responsibility for coverage of any further medical tests, and any treatments administered, in response to the test results.

Prior to pursuit of litigation, any facts that might be uncovered are kept secret. Members of the public have no access to such facts.

If, during negotiations, the adjuster has made reference to some aspect of the victim’s background, that information does get recorded, but it should not become part of any statements that might be made in public. Personal Injury Lawyer in Oakville knows that defendants, too, enjoy greater privacy during the attempt to settle the dispute. During the settlement process, defendants do not have to admit liability.

3,088 thoughts to “Reasons For Agreeing To Out-of-The-Court Settlement”

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