Will My Car Accident Claim End In A Settlement?

Most people who have been in a car accident wonder if their claims will end in a settlement. You don’t want to go through the process of dealing with an insurance company and the legal system if it’s not going to lead anywhere. A lawyer will help you by taking care of all the paperwork involved in your case. The truth is that many factors determine whether your claim will end in a settlement or trial. If you want to know how likely it is that your case will settle out of court, here are some things to consider:

How severe were your injuries?

The amount of compensation you receive depends on the severity of your injuries. If there are no injuries or only minor ones, then it’s unlikely they’ll pay out money even if they have plenty of assets. However, if you’re seriously injured and need medical treatment or rehabilitation therapy, this could considerably push up your settlement amount.

What’s the value of your claim?

The first thing you need to know is the value of your claim. If you’re claiming damages over $100,000, it will be harder for a judge or jury to award you a settlement. That doesn’t mean that it’s impossible. It just means that higher settlements are less common in these cases and, thus, more challenging to achieve. A Personal Injury Lawyer in Oakville can also help you determine if you have a strong case worth taking to court. If there are any issues with your claim, they will be able to help you correct them before taking your case to a judge.

How much insurance coverage do both parties have?

The more insurance coverage each party has, the easier it is for them to settle their claims. If one party doesn’t have enough coverage, they may be unable to pay for damages without going into debt or declaring bankruptcy. The other party could then use this information against them in court by arguing that they cannot pay for damages because their finances are unstable. Therefore, they would benefit from filing for bankruptcy protection instead of paying for damages in court.

How strong is the other side’s case?

If you have a strong case, then there may be less incentive for the other side to settle before trial because they think they have a good chance of winning. However, personal injury lawyer knows that if their evidence seems weak compared with yours, then settlement becomes more likely because they know they can’t win at trial even if they go through with litigation.

Do you have evidence or witnesses?

Evidence such as photos and witnesses who will testify can help your case in two ways. First, they strengthen your claim by proving that the other person did do something wrong or cause damage. Second, they make it less likely that the other person will deny liability at trial because admitting fault would weaken his position on appeal if he wins in court.