If you have an active car accident claim, you might be wondering if your case will settle. You are not alone, and a seasoned New Orleans car accident lawyer can examine the facts of your case in a consultation to help answer that question for you. Considering that about 95 percent of car accident cases do settle outside of court, chances are that yours will too, although there are no guarantees. Settlements depend on many different factors about your claim and the insurance company.
When a car accident occurs and gives rise to a claim, it can end in one of two ways. Those that were injured or suffered property damage in the accident and the insurance company can agree on a settlement without using the legal system, or a lawsuit can be pursued in civil court. It is strongly recommended that anyone filing a car accident insurance claim obtain representation from a well-versed car accident attorney in New Orleans, whether they want to pursue a settlement or going to court.
Based on their knowledge and previous experience, lawyers know what your case should be worth. Without their input, you could end up settling your case for much less than you deserve. Your attorney can negotiate a settlement with the insurance company and their attorneys that is fair for you, and if not, they can pursue your claim through litigation in civil court.
Be aware that if you do agree to a settlement, you will be asked to sign an agreement stating that when you receive the compensation, you will not sue for the same accident in the future. This is referred to as an agreement with prejudice and protects the insurance company from being sued even though they agreed to settle the case with you.
One of the reasons that settlements are so prevalent in car accident cases is that there are so many benefits for both the accident victim and the insurance company when the case is settled outside of a courtroom. When you hire a car accident lawyer in New Orleans, your attorney can provide you with reasons as to why you should or shouldn’t settle in your case and how a settlement could benefit you. Reasons one or both sides might want to consider a settlement in a car accident claim include:
When deciding to settle a claim after a car accident, there are several factors that both parties must consider to determine if it is in their best interest to settle and what amount they are willing to settle for. These factors include:
After you hire a New Orleans car accident attorney, they can help you gather evidence to support your claim. This could include:
Once this information is gathered, your attorney can draft a demand letter. This letter will explain your injuries and the damages that you should be entitled to recover. When the insurance company receives the demand letter, they will investigate your claim and decide if they want to accept or deny it. If they choose to accept it, they will make a settlement offer, and both sides can begin negotiating what they believe to be a fair settlement.
Sometimes a settlement happens quickly, and other times, it is a longer process. Some cases do not settle until right before they are scheduled for trial or even during a trial.
To find out if a settlement might be a viable option in your car accident claim, schedule a consultation with an experienced New Orleans car accident attorney. One of our knowledgeable attorneys can review your case and come up with a plan to pursue the compensation you deserve for your injuries. You could learn what your claim might be worth, whether it settles out of court or goes to trial.