Settlement Vs Litigation
The legal process is not always straight forward. A person is involved in an accident, hires a lawyer, and proceeds in filing an injury claim. The insurance company comes back with a settlement offer which excludes a large portion of expenses that have incurred over the last several months. The lawyer makes a counteroffer on the initial settlement offer and you find yourself in a stalemate.
This is a common occurrence for many claimants. The options you are faced with are accepting an offer from the insurer for less, or proceed into filing a personal injury lawsuit. What if the victim cannot afford to wait? What if the victim is faced with proceeding into a personal injury lawsuit at the same time risking foreclosure or losing their vehicle? This scenario is an example of why some people apply for legal funding.
Everyone wants a fair settlement because it’s only fair. When a person is hurt due to the negligence of another, they should be compensated. But when a company provides a settlement offer that only pays a small fraction of what is rightfully owed to them, perhaps litigation is the only way.
At LawLeaf we understand that taking a settlement compared to going into litigation is a very hard choice for some people; especially those individuals that have an immediate financial need and without the settlement may be forced into making drastic decisions which could hurt themselves and their family members. When considering a settlement you should always consider not only the immediate and past expenses but any ongoing expenses such as time lost at work and ongoing medical expenses.
It is true that the majority of all injury claims result in a settlement. And while a settlement is beneficial for both the plaintiff and the defense, many times people are forced into litigation because of less than acceptable offers. If you are going through a settlement phase of your claim and you are being treated unfairly, perhaps litigation is the only way to receive fair compensation for your case.
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