A person who suffers harm in a vehicle collision has two options for recovering compensation. They could either settle or go to trial. While settling is often quicker, it often results in a smaller award. This is because an insurance adjuster is going to decide how much their case is worth instead of a jury.
If you are considering settling a Murfreesboro car accident case, you should first consider speaking with a well-practiced attorney. A trustworthy lawyer could guide you through the process and ensure you are being offered a fair settlement from the defendant’s insurance company.
Why Might Someone Want to Settle Rather Than Go to Court?
It should first be noted that the injured claimant is the one who decides whether to settle or go to trial, not their attorney. While a lawyer could advise them about what they would think and provide them with all the information that is available to them, it is ultimately the claimant’s decision.
There are several reasons why someone might settle rather than go to trial. First, there might not be any money left. This means that the insurance policy for the at-fault party is exhausted, and the defendant does not have any more money to go after.
Additionally, a trial takes much longer than a settlement. People injured in a vehicle accident in Murfreesboro may choose to settle a case rather than go through the longer trial process, especially if they are suffering from debilitating or catastrophic injuries.
Settlement Process for Car Wreck Cases
The settlement process for a car collision case in Murfreesboro involves a negotiation between the claimant, the defendant, and their respective representation. Both sides will present evidence of damages and fault, as well as make offers for a potential settlement award. There are usually several offers and counteroffers before a resolution is made. If the two parties are unable to reach an agreement, a lawyer may suggest bringing the case to trial.
Calculating a Settlement
Settlement is usually calculated by an insurance company. Insurance adjusters are going to look at all the damages that are officially with the case and determine a settlement amount by that.
Insurance companies often are going to be looking more at a claimant’s medical expenses or lost wages. They are less likely to consider non-economic losses like pain and suffering, loss of consortium, disability, or disfigurement.
Discuss Settling a Murfreesboro Car Accident Case with an Attorney
A experienced local attorney could help determine the value of a settlement by telling the injured party’s story and making sure that the insurance company is considering all of the things that they should consider. This includes ensuring the plaintiff is compensated for economic and non-economic losses, as well as potentially punitive damages.
If you were injured by a negligent motorist, discuss settling a Murfreesboro car accident case with an attorney at our firm. We could guide you through the settlement process and help you make well-informed decisions about your case. Call now.