As you struggle through your accident recovery, you’re bound to be approached by insurance companies for the errant driver who was responsible for your wreck. These parties will try to get you to settle any potential legal claims so that they can escape as much liability as quickly as possible.
Although settling your case might give you the financial relief that you need, it isn’t always the best option. Therefore, before making a decision in your claim, you need to understand how a settlement offer stacks up in light of your case.
How can you tell if a settlement is right for you?
Analyzing a settlement offer can be tricky to do. Here are some pointers that might help you make the decision that’s right for you:
- You need to know the true extent of your damages, both economic and noneconomic, before you can determine if a settlement offer is appropriate.
- You should never accept the first offer, as there’s always room for negotiation.
- You need to consider the risks and rewards of taking your case to trial, which will require that you understand the strengths and weaknesses of your evidence.
- You should recognize that there are financial supports out there to help you cover your expenses while your case plays out, which might include asking your hospital for a lien, turning to family and friends, or seeking out a lawsuit loan.
You shouldn’t decide on a settlement offer until you’ve analyzed these issues. Only then can you make the decision that best protects your interests.
Craft a legal strategy that drives toward the outcome you deserve
You need a litigation strategy that aggressively pursues the compensation you deserve. That might mean holding firm during negotiations or advocating for your position in court. Either way, you need a strong game plan going into your case.