Car Wreck Settlements Might Be Challenging

On Behalf of | Jul 30, 2018 | Car Accidents

One of the possible outcomes of a personal injury lawsuit is that settle the claim out of court. This is often the preferred way to resolve the matter. You don’t have to wait on a court date, and it is often less expensive. If you are considering taking a settlement, be sure that you don’t automatically assume that this is going to be an easy way out. These can actually be rather complex.

When you are just embarking on the process, you need to remember that you likely aren’t going to get an initial offer that you like. Instead, you will often get a low offer that might not even cover your medical bills. On the flip side, your initial offer needs to be higher than what you actually want to settle for. This gives you some room for negotiating with the other side.

In most car accident cases, you will have to go through a process of negotiations that isn’t going to be instant. It can take a while to get through the process and agree on the terms with the other side. Even though this might seem like it is dragging on, it is likely going to be faster than if you have to go to court.

When you come to an agreement on terms, both sides must sign or it isn’t valid. If either party backs out before the signatures are completed, a trial is likely going to be necessary.

There is a chance that you won’t get exactly what you want, so make sure that you are thinking about the pros and cons of each offer before making your decision. This can help you ensure that you are using logical thinking throughout the process.

Attorney Chadwick P. McGrady at his desk