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When is it right to settle your car accident claim?

| Dec 3, 2020 | Car Accidents |

Car accident injuries can be painful, limiting, and expensive. That’s a lot to contend with on a daily basis, especially if you’re expecting your recovery to be prolonged. In these situations, car accident victims are often quick to accept settlement offers from those who are to blame for their injuries. While a settlement might provide you with quick resolution and ensure the recovery of some compensation, you have to ask yourself if the offer is really the best you can get. Here’s how.

Analyzing your settlement offer

Before accepting or denying a settlement offer, you need to analyze every aspect of your case. Here are just a few of the things you should take into account:

  • The monetary value of your claim: You can’t really gauge the appropriateness of a settlement offer unless you have an idea of the extent of your damages. So you’ll want to calculate both economic and, to the best of your ability, non-economic damages to see just how close the offer comes to meeting your needs.
  • Your evidence: If your evidence clearly shows that the defendant is liable for your injuries and proving your damages seems pretty easy, then you’ve got more room to push for additional compensation during negotiations. If you can’t get the compensation you want, then you can confidently move towards trial. Of course, the reverse is true. A settlement offer might look more appealing if your case has holes in it.
  • The defense’s arguments: Depending on the facts at hand, you can probably anticipate how the defense is going to argue its case. If it has strong evidence to support that you’re partially at fault for the accident, then that should affect your evaluation a settlement offer.
  • How similar cases have played out: No two cases are exactly alike, but you can look at similar cases to see how they’ve been handled by a judge or jury.
  • Your willingness to go forward: Litigation might be the best way to recover the compensation you deserve, but it’s also time-consuming and stressful. Some people simply don’t want to put up with the hassle that comes with litigation, so take that into account when determining whether a settlement offer is right for you.

Make sure your analysis is accurate

Analyzing these characteristics of your case can be challenging, especially if you don’t have any experience in the legal field. Fortunately, you can have an attorney on your side who can help guide you through the process so that you can make the decision that is best for you.