You may be wondering why personal injury victims accept personal injury settlements. Many of the most publicized settlement cases make it on the news. It makes sense to wonder why larger cases end up being settled rather than going all the way to trial. In this blog post, we will provide more information on personal injury settlements.
How Do Personal Injury Settlements Work?
An out-of-court settlement may be awarded as a lump sum payment or in smaller monthly payments that continue over time. A court will often supervise such settlement agreements and they can stop or agree to further changes between the parties to the lawsuit. During a personal injury lawsuit, a settlement may originate as a solution to end the action and provide compensation to the victim. There are many claims in accident lawsuits, and the law provides that accidents resulting in bodily injury or even a fatality can be taken through the court system to obtain what the law determines is fair compensation.
Why do Most Personal Injury Lawsuits End with a Settlement Offer?
Although many lawsuits for personal injury are filed, the vast majority are resolved via settlement. There are many reasons that a defendant would prefer to settle a personal injury lawsuit rather than proceed to trial. One of the most important factors that may influence a defendant to settle a claim is the threat of a jury trial. The high dollar amount of jury awards is the primary reason that a defendant would want to make a settlement with the plaintiff. This can save a defendant money and prevent damage to their reputation if it happens to be a public company or figure. Settlements are often far less than what a compassionate jury might award as compensation. Settlements are normally made for less money than a jury would award. However, a plaintiff may accept a settlement for several reasons, including that they are just tired of dealing with the personal injury claims process.
Speak with a Personal Injury Attorney Miami Today!
There are so many valid reasons for car accident victims to enlist the help of a car accident lawyer. You can always consider taking things into your own hands but if you have a high value claim, sustained serious life altering injuries, or are dealing with a dishonest insurance company, you will surely be better off hiring a car accident attorney to help manage your claim or potential lawsuit. A lawyer will make sure that your rights are protected. At Suarez and Montero, our policy is that if you don’t recover compensation, you won’t pay any fees for our services. Not to mention, we also provide free case consultations where we assess the circumstances surrounding your case and give you an objective overview of what steps you can take going forward if you decide to act against the party responsible for your injuries. For over 20 years, we have delivered quality legal representation for people who, through no fault of their own, have been injured in all types of motor vehicle accidents. We are available 24/7 to give you a free, no risk case consultation.
We serve clients throughout Florida including those in the following areas:
Miami-Dade: Aventura, Coral Gables, Doral, Fontainebleau, Hialeah, Homestead, Kendall, Miami, Miami Beach, Miami Lakes, North Miami, Tamiami, and Westchester.
Broward: Fort Lauderdale, Hallandale Beach, Hollywood, Pembroke Pines, and Weston; and Palm Beach County including Boca Raton, Lake Worth, and West Palm Beach.