After a tragic loss, the last thing on your mind is dealing with insurance companies, but it is a reality you must face. As you try to come to terms with your loss, the drunk driver’s insurance company offers you a settlement and you are unsure of the decision for the best outcome.
What are the pros of settling out of court?
Settling out of court can provide a sense of closure and finality, allowing you to move forward with your life. Some benefits of settling include:
- Faster resolution: Settling out of court can resolve the case faster, allowing you to receive compensation sooner.
- Less stress: Avoiding a trial can reduce the stress and emotional toll of reliving the tragedy in court.
- Certainty: A settlement provides a guaranteed amount of compensation rather than risking a potentially lower award at trial.
However, it is essential to consider the potential downsides of settling out of court. You may be giving up your right to pursue further compensation, and the settlement amount may not fully reflect the value of your claim.
What are the risks of proceeding to trial?
Proceeding to trial can be a risky and unpredictable process as the law is unbiased. Take a section of the California Civil Code that states that people are responsible for whatever happens to others due to their careless actions. This means that the drunk driver’s insurance company may argue that their client was not entirely responsible for the accident, which could impact the amount of compensation you receive.
How can you make the right decision?
Ultimately, you must accept a settlement offer or proceed to trial. It is a difficult decision and you may need careful consideration. It is crucial to consult with an experienced attorney who can guide the strengths and weaknesses of your case, as well as each option’s potential risks and benefits. With their help, you can decide on a pathway that serves your interests and ensures you receive the compensation you deserve.