The damages that stem from a car accident can be quite extensive. Medical bills, lost wages, and the personal pain and suffering felt can be enormous and, quite frankly, overwhelming for many accident victims. When these losses are caused by the negligence of another, then legal action is justified. Shortly after filing your claim, though, you might have a settlement offer extended to you. The settlement might be tempting. After all, it might provide you with a quick infusion of cash and allow you to quickly move on with your life. But before taking a settlement offer you have to ask yourself it’s truly in your best interest.
Should you settle your car accident claim?
Before you can answer this case, you have to analyze a number of aspects of your case. Let’s look at a few of them:
- How much is your case worth? You have to know this before you can realistically analyze a settlement offer. Speak to your doctor to figure out how much your future medical costs will be and calculate your current and expected lost wages. You might also want to speak to an attorney about how to determine how much your pain and suffering is worth in the context of a personal injury case.
- What evidence do you have? Before you can recover compensation you have to impose liability on a negligent driver. So you’ll need to analyze the evidence of your case to figure out just how strong it is. Witnesses, accident reports, and even admissions made by the other driver can be critical here.
- What evidence does the other side have? You’ll want to conduct the same analysis of the other side’s evidence, keeping in mind that comparative fault may come into play.
- How much time and effort do you want to put into litigation? Taking a case to trial might be the best way for you to recover the most compensation you can out of your claim, but there are often other costs associated with litigation. To start, the process can take a significant amount of time and it might be stressful given the risks that might be involved.
Receive the detailed analysis of your case that you need
There are a lot of legalities that go into analyzing a case, both for the purpose of settling and litigating. So, to ensure that you have the information you need to make an informed decision that is right for you, you might want to consider sitting down with an attorney who is experienced in these matters.