If you are reading this article right now, odds are you've been in some kind of accident and you're seeking the guidance of an experienced Houston personal injury attorney. Our team at The Daspit law firm is standing by to help see you through what is often a difficult and traumatic experience.
You want to get funding to help cover your medical expenses and lost wages, but how do you go about doing that?
Although it's nearly impossible to determine for certain, most statisticians believe close to 96% of all personal injury claims brought in the United States are settled out of Court.
The Benefits of a Settlement
Many cases are fairly straight forward, and personal injury defense attorneys for big insurance companies can often predict how your case will go based on the strength of the evidence and past precedent. When a case is not particularly complex, an insurance company may prefer to offer you a large cash settlement up front to avoid the time and expense of litigating the issue at trial.
While it may depend on the situation, this is often a way of insurance companies to save money. They often offer a settlement amount lower than what may be obtained through a trial.
The Benefits of a Trial
Sometimes a case presents issues too complex to simply settle, and often times big insurance companies may be hesitant to fulfill their obligations to you because of some perceived loop hole in the law or the policy they issued. In such cases, a quick settlement may not be the best option, and a trial is the only way to properly and comprehensively vindicate your rights.
Trials can be long, expensive, and complex affairs but they sometimes yield money judgments far in excess of what an insurance company may offer. All of this is situation dependent, of course, and you should speak to a personal injury attorney before deciding what strategy is best for you.
Which is Better?
Both settlements and trials have their pros and cons, and neither can be said to be better than the other. Each situation requires a unique analysis of the situation, and before you can determine what course of action is best, you need the advice of an experienced law firm that can help guide you past the worst pitfalls of personal injury work.
Make sure you're not abused by a corporate giant, and get in touch with an experienced legal advocate at The Daspit law firm today!