Is it wise to settle your case before it goes to court? There are good reasons to do so. The outcome of a court case is not assured. The court may or may not rule in your favor. If it does rule in your favor, it may not award all the monetary damages you were seeking. There is also the possibility that it will be years before you actually see any of the compensation.
You may be offered a settlement by the other party. If your case is against an insurance company, remember that the company’s business model is to pay the smallest amount possible, so before you settle, make sure the amount will cover your injury related medical expenses, past and future.
The advantages of settling are that both parties know the outcome ahead of time. It is a quicker and less expensive route to take. A settlement is likely to be for less money than you could get in court if you won the case.
So the considerations are:
- Have you consulted an attorney?
- How badly do you need the money?
- How strong is your case?
- Do you feel comfortable with your medical assessment?
- Are you sure the settlement amount covers all possible loss of income scenarios?
An experienced personal injury attorney will know if your case is strong and will guide you in the right direction.