When injured in an accident, the last thing you want to do is enter into a lengthy and expensive court battle with the person who caused your injury. It can be time-consuming and emotionally draining for both parties involved. Fortunately, some alternatives will allow you to avoid this process altogether. Contact Idaho Personal Injury Lawyers to learn more about this option.
Here are seven benefits that come with settling outside of court.
Saves Time
There is no denying that court proceedings are time-consuming. If you have to take your case before a judge, jury, or both, it could be months or even years before reaching the final verdict and any compensation awarded.
The severity of your injuries can cause significant issues for you and your family regarding lost wages and medical bills. This is not an issue with out-of-court settlements as the timeframe from start to finish is much shorter, often just a matter of weeks or months.
Saves Money
Settling outside of court saves you money on legal fees. Since your attorney will be negotiating for you, they will save you money on their fees and the costs incurred by your insurance company. As previously mentioned, if a jury or judge has to be involved, this can lead to even higher legal fees for both parties.
Possible Outcomes are Better Defined
It’s difficult to predict the outcome when it comes to court proceedings. This can lead to a lot of uncertainty and stress for both parties involved.
With out-of-court settlements, you know what your compensation will be before, which allows you to make better financial decisions about how much money you need from the insurance company or defendant to cover any unexpected expenses that may arise.
Non-Disclosure Agreements
Details can remain confidential between both parties involved. It prevents either party from disclosing the amount awarded or what was in your settlement package to others. This is not the case with court proceedings, as these actions are subject to open records laws where anyone can request any details.
Quick and Easy Settlement
Settlers outside of court often come about due to one phone call from your attorney, who then negotiates with their client or insurance company on your behalf. This can take a significant amount of stress off you and your family as they are not required to do any additional legwork to reach an agreement with the defendant or their insurance company.
There Are No Restrictions
When it comes time for out-of-court settlements, your attorney will sit down with you and go through your medical records to determine how much money you need to cover all of your expenses.
Once that has been figured out, the insurance company or defendant will be obligated to pay that amount regardless of whether they believe it is justifiable or not. This makes settling outside of court more appealing for both parties involved as there are no restrictions on how much money you can recover.
Fixed Fee Structure
The settlements come with a fixed fee structure that allows both parties to know what to pay before finalizing anything. It takes all of the guesswork regarding fees and legal costs off the table, which can make a world of difference for you and your family.
In summary, If you got injured in an accident, it is vital to determine whether out-of-court settlements are the right choice for you. They offer several benefits that are unavailable with court proceedings.
