Truck accidents can lead to serious injury and devastating personal and financial damages. The consequences of a truck accident are typically very costly for those affected (and tend to be for years to come, especially in cases of severe physical injury or disability). You may reach a point in your personal injury case where you have the opportunity to agree on a settlement.
What Is a Settlement?
A settlement offer comes before a case goes to court. After careful consideration of potential court costs, legal fees, and the possible outcome of a court case, one side will typically offer a settlement in order to appease the other party and keep the case from proceeding and becoming far more costly. This can happen as a result of mediation, arbitration, or other out-of-court talks between the two sides.
If you are considering a settlement, be careful. Sometimes a settlement may be beneficial—but other times it can be a curse in disguise.
Potential Benefits of Settling
As previously stated, the consequences of truck accidents tend to be very expensive, especially for injured persons. Depending on the size of the settlement, it may offer you exactly what you need to cover your costs and make up for financial losses experienced as a result of your truck accident, without racking up expensive court costs and legal fees. This may also eliminate the need for anyone to assess your relative level of fault for the accident in question.
Possible Pitfalls of Settling
On the other hand, settling may always be your best bet when suing for major damages. Accepting a settlement means abdicating your right to pursue further legal action against the driver or trucking company in question, even if the amount offered in your settlement later turns out to be insufficient to cover your costs. If you accept such a settlement, you may ultimately be left with large financial losses greater than the court fees and legal fees you would have otherwise incurred. If you settle, you also give up the chance to publicly hold the trucker or trucking company accountable for their negligence.
Atlanta Personal Injury Lawyers
At Hall & Lampros, LLP, we have the skill and experience necessary to help you make the best decision possible in your truck accident case. Our Atlanta personal injury attorneys have dedicated their lives and careers to advocating for injured persons in the community and holding others responsible for their negligence. We are ready to help you get the best result for you in your case, whether it’s a sizeable settlement or litigation.
Contact us today to schedule your initial case evaluation.