4 Benefits of Settling Your Personal Injury Case Out of Court
Learn why it is preferable to negotiate for a settlement rather than take your claim to court.
If you have been seriously hurt due to the reckless or negligent actions of another party, there are two possible ways to secure compensation. Either the liable party (and/or their insurance company) will voluntarily agree to pay you a settlement, or a court will order them to do so.
The vast majority of personal injury cases—including car accidents, bicycle accidents, slip and fall accidents, dog bites, and more—are settled out of court, and for good reason. Here are the top 4 benefits of settling your case out of court.
Fast Resolution of Your Case
Personal injury litigation is extremely time-consuming. If you have to sue the person who injured you, you can expect to wait for years to actually receive the compensation you deserve. Even once the initial lawsuit is decided, you may have to wait for appeals to be considered. By settling out of court, you eliminate all the delays associated with waiting for court dates and all the other steps associated with brining a case to trial. You can get your compensation right away, while you need it most.
When you enter into a settlement agreement, you know exactly what amount of compensation you will receive. When you go to court, you do not enjoy this certainty. If you lose the case, you will get nothing. If you win, you may get much more compensation than you expected, or much less.
Lower Legal Costs
You will not have to pay your personal injury attorney for their services until they secure compensation for you. At that point, you will have to reimburse them for all the expenses associated with preparing your case, as well as give them a percentage of your compensation as their fee. The further your case has progressed towards trial, the more expenses they will have incurred. They will also expect a slightly greater percentage of your settlement as their fee if they have to represent you in court. So, when you settle out of court, you can actually save on your legal costs.
If a personal injury case goes to trial, all the details of the case will become public record. This will include all the testimony and all of the evidence, some of which might be of a sensitive nature, such as testimony regarding your sex life, health, or mental state after a debilitating injury. If you settle out of court, the details of the case, and even the settlement amount, will remain private unless both parties agree to make the information public.
Get Expert Help Negotiating a Fair Settlement
As an experienced personal injury attorney, Fernando D. Vargas excels at securing fast and favorable settlements for his clients. To learn more about hiring Attorney Vargas, call us at 909-982-0707 and request your free consultation.