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Lawsuits is a common result of a car accident today. Most people involved in an accident cannot reach an agreement on who pays what leaving the courts to decide that. Personal injury lawsuits occur when someone who was involved in an automobile accident receives some degree of injuries. In some cases, personal injury lawsuits can be settled if both parties agree on the settlement without court hearing.
When it comes to settlements, what are the advantages of accepting a settlement instead of going to court? Court can be expensive. You will need representation, file the paperwork, miss work or other appointments to be there, etc. A settlement can take place with each individual having a lawyer present to witness and to keep things fair and that’s it.
How much is a car accident claim worth? Your personal injury lawyer in Hamilton can help you decide what the value of your claim is worth. He or she will base this number on several different factors that must be considered, such as:
• The year, make, and model of the vehicle that was involved
• What type of damage did the vehicle receive
• How extensive was the injuries received?
• How many people were involved?
• Was there any property damage?
Why Insurance Companies Want to Settle
In a vehicle accident lawsuit, the plaintiff is normally the person who received injuries. The plaintiff is the one who sues the other person, also known as the defendant for compensation. In many cases the defendant will most likely have an insurance company who will represent them in court and who ultimately pays the bill that the plaintiff is suing for.
Insurance companies try to make a quick settlement offer normally within a few days of the accident occurring. Normally these settlement offers will save the insurance company a lot of money if accepted. Plaintiffs that accept these types of settlements will sign a release form that means the plaintiff cannot sue them in the future for the same accident.
If you have been injured in a vehicle accident, talk to your lawyer before you agree and sign any offer received. A lawyer will be able to look over the settlement and guide you through the process or assist you in obtaining more if necessary. It’s always a good idea to check with a lawyer before you sign anything, even if you did not receive many injuries in an accident.
Make sure that you are getting treated fairly in this situation and if you are not, it’s time to contact a lawyer. Your lawyer will protect and secure your rights while ensuring that the insurance company does not lowball you.