If you’ve been injured in a car accident caused by the negligence of another party, then you’ve probably got a lot on your mind. First and foremost, you’re probably trying to figure out how to adjust to life given your newfound physical limitations, even if they are short-term. This can be enormously stressful and challenging. You’re probably also thinking about how to make ends meet, especially if you’ve been hit with enormous medical expenses and have lost wages due to missed work.
To recoup these losses, many injured victims can seek to pursue a personal injury lawsuit. If a person succeeds on this claim, that individual may be able to recover compensation for the damages related to the accident. However, as victims enter this process, they will likely find themselves amidst settlement negotiations. For those who are unaccustomed to the legal field, it may be difficult to determine whether or not a settlement offer is in your best interests.
This is why victims need to carefully consider a number of things before entering settlement negotiations and accepting a settlement offer. To start, victims need to think about the strength of the case given the facts at hand and application of the law. Then, after considering the strength of the defense’s case, victims can get a better feel for their chances of success, should the case go to trial. Victims can also look at similar cases to gauge the likelihood of success.
There may be other matters to consider as well. For example, maybe victims just want to end legal involvement as quickly as possible so that they can get the necessary money and move on with life. Victims may also be fearful of the litigation process and the possibility of having to testify. These matters should all be considered when thinking about settlement negotiations.