Should I Settle My Personal Injury Claim?

If you have filed a personal injury claim and are looking to seek damages after an accident herein you were not at fault, it is important that you would be offered a chance to settle the claim out of court. However, you need to decide whether you should take the offered compensation as settlement of fight it all out on court. That is why you need to consult with a personal injury lawyer in Lindsay that will consider all aspects of the case to determine what works out best for you.

But before you decide whether to settle out of court or take it to trial, you need to compare the pros and cons of settling the case. The best advantage of settling the case through negotiations is the speed at which you get the compensation amount. Thus, nearly 90% of accident claims are settled out of court with the help of mediators and lawyers. Some of the benefits are:

• Get the compensatory amount much faster
• Property damage can be repaired and pending bills paid off quickly with the money
• Loss of wages compensated to tide over the recovery period
• Upfront cost of court case mitigated
• Quick, faster and more convenient

When you settle, you don’t have to pay the lawyers for a longer time period and there are plenty of expenses that you are not responsible for such as expert witness fees, filing fees and more. Thus, most of the lawyers recommend that settlement of the case through negotiations might work in your favor. You have the choice of getting a lump-sum payment or taking monthly pay-outs, so you can pick whatever works in your interest.

For many people, everyday expenses apart from the pending medical bills can create a harrowing financial debt and quickly getting the compensation seems like a windfall. That is why it is important to ensure that you get the best lawyers to help you win compensation.

However, there are some mental ramifications to consider as not only is it expensive to go to trial, but it can create a lot of stress in your life for years. But when you opt for a settlement, you know exactly the amount you will receive and there is complete peace of mind while the personal aspects of the case remain confidential. You understand that you cannot appeal against the settlement and that brings a closure,so you start healing from the trauma.

Conversely, when you opt for a trial, there is a chance that the judge may award the plaintiff punitive damages that are given to punish the defendant and compensated the victim for the emotional traumas endured. Thus, your lawyer will need to weight out the options and see what works better in your case.