How to Prepare Yourself for a Trucking Accident Settlement

Trucking accidents can be some of the most complex type of personal injury incidents to move forward into litigation claims. If you have been injured in a trucking accident, you may be entitled to pursue compensation for your injuries in a civil court to address legal judgement for damages.Trucking Accident Settlement

You may even have claims against multiple entities, depending on the specifics of your accident. All of these issues can be explained to you by your Boca Raton trucking accident attorney.

At any time during or before litigation, parties can request to resolve their dispute outside of court using settlement negotiations. This can happen at any time, even when your case has already entered the litigation process.

Sometimes, settling your case outside of court can be a better option for everyone. If the settlement offer seems fair enough, you might sign that agreement instead of waiting for your case to go through the entire trial process.

Reasons for Settlement

There are many different reasons why the truck driver, his or her employer, or the insurance company may choose to resolve a trucking accident personal injury lawsuit before the case goes to litigation.

Some examples include:

  • Not wanting to spend additional time, energy and money managing a claim.
  • Uncertainty about whether a judge or jury will hand down a favorable verdict or whether it is better to present a settlement option ahead of time.
  • Not wanting to attend multiple court hearings and depositions, further raising costs and adding to delays.

Settlements frequently help all parties in a lawsuit save money as well as time.

Basics of Settlements in Trucking Accidents

A legal settlement is officially reached when both litigating parties have reached an agreement outside of court. These agreements can sometimes be reached via negotiations, arbitration or mediation.

Both negotiation and mediation are non-binding legal methods of reaching an agreement, although arbitration is a binding process outside of a civil trial.

In the majority of trucking accident cases, however, you will have the option to go through mediation or negotiation.

How to Use a Settlement to Your Advantage

Reaching a settlement through negotiation can be very attractive because it’s much faster and less expensive than seeking official resolution in court.

It’s also less adversarial than going through the litigation process since both parties can represent their side of the story and there’s no official admission of fault by either one of these parties.

When the parties are less defensive, they are often able to work things out calmly and privately.

Both parties in a settlement negotiation will be eligible to speak to one another frankly about accident facts like who they believe is liable, how the accident happened and their position on damages.

Attorneys can help you navigate this process by telling you when a fair settlement offer has been brought to the table.

Are There Any Downsides to Pursuing a Boca Raton Trucking Accident Settlement?

Even though settling out of court makes sense for any, it’s important to consider your options carefully before accepting the other party’s offer.

You should, for example, think about the long-term medical costs associated with your injury and determine whether the settlement fully accounts for those needs. Bear in mind that you do not have to accept a settlement option.

There are many different cases where a settlement is preferred over having to go through protracted litigation.

But there are some disadvantages to settling a claim, including:

  • A settlement could be less than what a plaintiff might have received if he or she was successful in court.
  • Settling outside of court means the injured party cannot publicly hold defendants liable for harmful actions.
  • A settlement agreement usually precludes the right to a trial on similar claims.
  • The plaintiff needs to agree to give up a legal right to pursue any further legal claims.

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Contact with a Knowledgeable Boca Raton Trucking Accident Attorney

Speaking with your Boca Raton personal injury attorney can help you determine when a trucking accident settlement makes sense and when it’s best to turn down a settlement and move into the litigation stage.

Having a lawyer to help you evaluate these situations and determine what’s best for you can be extremely valuable. Contact a Boca Raton trucking accident lawyer today.

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