Accidents happen every day and can result in personal injuries. These injuries can cost the victim a lot of financial, physical, and emotional damage and stress. If you’ve been injured because of someone else’s negligence, whether a slip and fall incident or a car accident, you’re entitled to pursue a legal case for your rightful compensation.
Many people also choose to settle the case outside of the court because it’s quicker and can be far less stressful. Both parties can mutually decide to handle the case on their own and not make it a lawsuit. However, most insurance companies also force their clients to take the course to court and file a lawsuit.
Since not all personal injury claims work out in the same way, you should consult a personal injury lawyer before you start negotiating a settlement amount. Your lawyer will help you consider different factors to help you file for the compensation you deserve. They will also inform you when the situation can’t be settled outside court and a trial is needed.
In this guide, we’ll take a look at some pros and cons of out-of-court settlements. You can use this guide and speak to personal injury attorneys at The Bourassa Law Group, a liability insurance company in Nevada, before you choose to settle or take the case to trial.
Pros of Out-Of-Court Settlement
More than 90% of cases are usually settled out of court. There are many reasons why people choose to do it. Out-of-court settlements come with significant benefits for victims.
More Chances of Compensation
When you take a case to court, there are chances of not receiving compensation. This could happen due to a lack of evidence or the jury simply not settling on the compensation amount. The jury can also decide on a low and unfair amount.
However, if you settle the case out of court, you will be getting compensation. You can negotiate and ensure the compensation amount is fair and as much as you deserve. Even if it’s not the amount you expected, you know that you will be compensated for the financial, physical, or emotional damage you’ve experienced.
Takes Less Time
Most of the time, court cases will take months and even years. You would have to wait a long time before the case gets resolved. It can even take longer for you to receive the compensation. A personal injury trial involves many steps, and it can take a while before the trial even begins.
An out-of-court settlement is shorter than a court case. You can get the case resolved as quickly as possible with the help of a personal injury lawyer in Nevada. With a quick settlement, the victims will also get compensation as soon as possible.
Less Stress
Taking a case to court is extremely stressful for the victim. Since it takes a lot of time for the trial to begin and then the case to settle, you will feel stressed and experience anxiety for a long time. There is also the stress of not getting the right compensation.
When you hire an experienced personal injury case lawyer for an out-of-court settlement, they will let you know about your chances of winning the case. They won’t suggest you file a lawsuit unless they believe there are chances of success.
Predictable Process
An out-of-court settlement is more predictable than a court case. You can’t predict the duration of the case, what the jury’s verdict will be, and the compensation you will get. With a settlement negotiation, you can ask your personal injury lawyer to manage the process and help you out.
Less Costly
Lastly, settling a case instead of going to court costs less. There aren’t any court costs and a potentially even a reduced legal fee even if you hire an expert because the process concludes quickly.
Cons of Out-Of-Court Settlement
Chances of More Compensation
Most people agree to settle outside of court because they believe they won’t get enough compensation in court. However, there are also chances of higher compensation in court than what a liability insurance company or the other party is offering you.
Jurors Are Neutral
You, the opposite party, and the insurance company involved are all looking out for themselves. Everyone wants to settle the case with their best interests in mind. However, a jury is neutral, and if your case is strong, you might receive more.
If you’re unsure about what you should do, contact the personal injury attorney in Nevada at The Bourassa Law Group. They can guide you better and help you choose the best option for your personal injury claim.
BLG is an affordable law firm offering cost-effective legal solutions in the area. They have taken over hundreds of personal injury cases in Las Vegas.
For further information, you can reach out to them today.
