After a car accident, you may be in a position to receive a settlement offer. When you make a claim against the other driver, his or her insurance company may offer you a settlement amount. If that settlement isn't enough, you have the right to pursue a personal injury lawsuit. Now, you have the opportunity to receive a settlement offer again, this time from the defense.
What happens when you accept a settlement offer?
When you accept a settlement, you don't have to go to trial, and sometimes that's good. For example, if you're offered a fair settlement, it can be a better idea to take it rather than to risk a lower award at trial or racking up more legal fees by going to trial. Juried trials don't have guaranteed outcomes. If you accept a settlement, you know exactly what you're getting. Your attorney should be able to tell you if he or she believes the settlement offer is fair based on your projected medical costs and other financial impacts.
How can you pursue a better settlement without going to trial or setting up a court date?
Instead of heading to trial through a personal injury lawsuit, there are ways to demand a higher settlement from an insurance company. Known as a demand letter, this legal document describes your injuries and includes a request for an amount that you'd be happy to settle the case for. Your attorney may suggest requesting a higher settlement so there is some room for negotiation.
Our website has more information about car accidents and how to claim for your personal injury. With some help, you can get the compensation you need.