Personal injury claims, such as those that arise from car accidents, can often be litigated for the recovery of victims' damages in the courts of Indiana. While litigation is an excellent option for many individuals who have lost much as a result of other parties' negligence, some may consider a second option for getting back some of their accident-related financial losses. That second option is settlement, and in the wake of a motor vehicle accident a victim may receive just such an offer.
When a victim settles their claims they receive financial compensation in exchange for their agreement to waive any claims they may have against the other party. That means that while they will receive money to help them get back on their feet, they will not later have the right to sue if that money is insufficient to cover their needs. To this end, a settlement may be a good option for some car accident victims but may not serve the needs of those whose losses are extensive, ongoing or unknown.
When facing questions of whether victims should settle their car accident claims, it can be very helpful for them to speak with attorneys who represent victims of such personal injury events. All car accident claims are based on different facts and as such it is important that victims receive advice that is tailored to their unique legal needs.
Readers should understand that the settlement process may be initiated shortly after an accident happens. A settlement may sound like a good way to get fast money after a crash, but victims should understand what they are giving up when they agree to the terms of their settlements. This post offers no legal advice and is provided as information only.