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Things to consider before accepting a settlement offer

On Behalf of | May 27, 2020 | motor vehicle accidents, personal injury

If you’ve been injured in a car accident, then you’re probably trying to figure out how to move on with your life while securing the accountability and compensation you need. While a personal injury lawsuit might get you to where you want to be, you need to be careful that you are getting exactly what you deserve. This is especially true since negligent drivers and insurance companies are often quick to offer settlements. These offers might be enticing, given that they can provide you with cash without much conflict, but is taking a settlement your best option?

To answer that question you need to consider a number of things. First, consider the strengths of your case. Analyze facts that support a finding of liability to see how strong they are. Witness credibility, physical evidence, police and accident reconstruction reports, and your own observations can be pivotal. Then, consider the weaknesses of your case. You might be partially at fault or maybe there aren’t very many witnesses, if any. After looking at these factors you can look at how the offer compares to the full extent of your damages, which may include medical expenses, lost wages, and pain and suffering.

There are other things to consider, too. For example, analyzing how similar cases have resulted can give you insight into the likelihood of succeeding at trial. Also, you might want to consider how badly you want to spend the time and resources necessary to take your case to trial. You also need to anticipate the other side’s arguments, assess how they can be attacked, and analyze how those arguments will persuade a judge and jury.

There is no one-size fits all approach to personal injury cases. That’s why if you think you need assistance dealing with your case, then you should think about consulting with a legal advocate who can provide you with the customized representation you need to best position yourself for success.