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Be fully informed of your options before accepting a settlement

On Behalf of | Aug 21, 2020 | Firm News

A car accident, even if seemingly minor, can disrupt your life in unexpected ways. You might be unable to work for a while, you might have to make multiple trips to the doctor, and you might even have to have expensive surgeries to treat your injuries. These losses aren’t insignificant, even if they’re not hundreds of thousands of dollars worth of losses. To the everyday person, these disruptions can threaten their very well-being, making it extremely hard to make ends meet.

Should you accept a settlement offer?

The answer to this question really depends on the circumstances at hand. We understand that you probably want to obtain money as quickly as possible so that you don’t have to deal with the financial stressors that have been thrust upon you, but you need to make sure that you’re  getting the compensation you deserve. Therefore, you need to know how to accurately and thoroughly analyze your case to determine if, in light of the facts, your claim is worth a lot more than a settlement offer pushed your way.

How do you go about analyzing your case?

There are a few things you can do. Here are some broad considerations that you can discuss more in-depth with your attorney:

  • The strengths and weaknesses of your case
  • The strengths and weaknesses of the other side’s case
  • The value of your case taking into consideration all of your damages, including medical expenses, lost wages, and pain and suffering
  • How juries have acted when deciding similar cases
  • Your immediate need for financial relief
  • Your willingness to deal with the stress of prolonged litigation

Deciding whether to settle a case is your decision, but we hope that you’re fully informed of your options and have a realistic expectation for each before settling on the one that is right for you. So, with that in mind, do as much as you can to gather information pertaining to those bulleted items identified above. If you don’t know how or don’t have the time to do so, or you simply want a helping hand, then you can have an attorney help you prepare your case for negotiation and litigation.