What is a Good Settlement? First and foremost anybody going through a personal injury lawsuit resulting from a car accident should review their finances and get projections of their medical bills and car repairs as well as estimates of how long they will be unable to work. Look up your state’s laws, each have different rules as to what entitles an individual for insurance money due to a car accident. If the settlement your insurance company offers is sufficient to cover your expenses, don’t be greedy. Take the money and get well.
Why not be Greedy? Even if you are severely injured and deserve a better settlement, the justice system is not perfect and insurance companies have good lawyers. Even if you win and get more money, personal injury lawsuits can costly and long. Not to mention stressful, and any sort of mental of physical strain will likely exacerbate the pain and impairment caused by an injury from a car accident. There is also the possibility of losing and getting nothing, which is especially callous if the injured party cannot pay their bills due to missing work, or cannot go to work because they no longer have a working car. It is often better to take what might be a low settlement instead of bargaining for a better one.
When not to settle. As imperfect as the justice system is, even in car accident cases resulting in personal injury, people can still put their trust in it. Depositions from yourself and the other party of the accident, as well as those of witnesses, that are reliable and favorable to your case can be a huge help. Even attempting a lawsuit under favorable circumstances might make an insurance company decide to increase their settlement for your personal injury.
The Most Important Call of All. No matter what the results of your own research into personal injury lawsuits are, make sure to call a lawyer experienced in these types of cases. They are likely to have insights into state laws that you might be unfamiliar with, even if you do know a thing or two about personal injury lawsuits resulting from car accidents. Not all lawyers are qualified to handle personal injury lawsuits. You wouldn’t go to an employment lawyer for a personal injury suit. Consider the council of a reputable lawyer highly, but remember that a lawyer is a servant you are hiring. The decision is yours, not theirs, make it an informed one.