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Offered a settlement? Consider these four points before accepting

On Behalf of | Apr 27, 2022 | Motor Vehicle Accidents |

If you have been injured in a car accident, you’re probably wondering how you’re going to get by. A personal injury lawsuit may be one way for you to secure the compensation that you need to cope with the financial aftermath of an accident, and you may be tempted to accept a settlement offer once one is pushed your way.

But before agreeing to a settlement, you should consider each of the following to better determine if that settlement is in your best interests.

  • The value of your claim: You can’t tell if a settlement offer is appropriate if you don’t know what your claim is worth. Make sure to determine the full extent of your damages, taking into account both economic and noneconomic damages, such as your pain and suffering.
  • The strength of your case: Look at the evidence at hand and make a determination of your likelihood of proving liability and your damages should your case go to trial.
  • The weaknesses of your case: There may be glaring holes in your case, or there may be a strong argument that you were comparatively negligent. Carefully consider these defense arguments so that you can conduct a proper risk analysis.
  • Your desire to move on: Some people are less worried about the amount of their recovery and are instead more concerned about getting their life back to normal. So, consider how long you’re willing to hold out for a potentially larger award.

Have a legal eye on your settlement offer

Dealing with the legalities of your personal injury case can be stressful. But you don’t have to conduct a legal analysis on your own. In fact, that could be a major mistake. That’s why you may want a legal advocate on your side who can help you analyze the situation and build the compelling legal arguments that you need on your side in order to position yourself for success.