Suffering a personal injury can be devastating to you and your family. While you have to find a way to cope with your physical and emotional pain and suffering, the financial realities of your circumstance takes hold. This can be overwhelming, and you may find yourself wondering when relief will come. Although a personal injury lawsuit may get you the accountability and compensation you want and deserve, the question of whether a case should be settled before trial often arises.
Things to consider when looking at a settlement offer
The truth of the matter is that most personal injury cases settle before trial. But is a settlement right for you? Consider these questions:
- What’s your case worth? The only way that you can appropriately analyze a settlement offer is by knowing the value of your claim. Sure, you’ll need to know your economic damages, like lost wages and medical expenses, but you’ll also want to take into consideration noneconomic damages like your pain and suffering and loss of enjoyment of life.
- What’s the evidence? This sounds like a no-brainer, but you’ll want to carefully analyze the evidence to determine your likelihood of success at trial. Also, don’t overlook how fault may be allocated to you, as this can certainly affect the amount of your recovery.
- How quickly do you want to move on? Personal injury lawsuits can sometimes drag on. So, it’s important to ask yourself how quickly you need compensation and how fast you want to move on with your life.
Know your options so that you make the decision that’s right for you
Settlement isn’t right for everyone. In fact, sometimes going to trial is the only way to ensure that you get the outcome that you deserve. But it’s important to know your options so that you can make the best decision for you and your family. If you’d like guidance in assessing your case and building the strongest claim possible under the facts, then you may want to turn to an experienced law firm for assistance.