After the accident that caused your injury, you might find yourself facing the opportunity to settle the case with the other party’s insurance carrier. Settling offers you a faster resolution, though litigation is a better solution in some cases.
There are a few things to consider as you decide whether to litigate your claim.
Is there a dispute over liability?
Insurance companies might contest liability, making it difficult to reach a fair settlement in some cases. Opting for litigation in these situations provides you with the opportunity to make your case and seek compensation.
Is the settlement offer insufficient?
The goal of an insurance company’s claim process is to settle claims for as little as possible to protect the company’s financial stability. Unfortunately, this often means that you receive a settlement offer insufficient for how the injury has affected your finances and your life. When the insurance carrier is unwilling to negotiate, consider litigation to get the compensation you deserve.
Is your injury significant?
Serious injuries with long-term consequences often require extensive medical treatment, including ongoing care. Not only that, but it can also have a significant impact on your quality of life. Litigating your claim allows you to seek compensation that accounts for your future medical costs, emotional distress and any long-term disability that may result.
Nearly 6% of U.S. adults experienced a work-limiting injury in the last 3 months. Understanding the prevalence of injuries and the nature of personal injury claims helps you determine when a settlement is ideal versus when litigation is in your best interest. Consider your case carefully as you decide whether to take your claim to court.