Why Do Many Car Accident Cases End In Settlements?

Why Do Many Car Accident Cases End In Settlements?

Why don’t we hear more about lawsuits after a car accident? Why are there not many instances in which we see court cases deciding the fates of those who sustain serious injury because of someone else’s negligent actions.

It’s because a large majority of the time, these types of cases end in settlements. What does this mean and is it a good thing to have? We explain why settlements are so common and what the potential benefits and problems may be.

Why Settlements are Common

Let’s face it, the idea of going through a legal battle while already struggling with physical, emotional, and financial hardships seems like a difficult task. Far too often, court proceedings and long litigious matters become more stressful than they can be worth.

As such, insurance companies offer settlements in order to help speed up the process. This means they utilize tactics and often offer a lower amount to the injured party in hopes that they accept the settlement. For instance, they try to instill fear of losing the case or devaluing a claim hoping that they can get away with paying less and the case will go away.

For the injured party, settlements may be accepted simply because they want the situation to pass. They don’t want to deal with the process and they’d rather get what they’re being offered and move forward.

Pros and Cons of a Settlement

Before you accept a settlement, understand the pros and cons. First off, you could benefit by avoiding the trial process—which can be highly contentious and stressful. You may also negotiate a counteroffer you feel is adequate for you.

However, a settlement often means you’re not receiving the maximum amount you can receive, and the insurance company gets away with their low offer. You may be able to recover far more and hold the negligent party fully accountable when in the public eye of a court of law.

At Roman & Gaynor, we can discuss which option works best for your situation and which can help you in the most favorable manner possible. This means helping you understand the benefits of trial or settlement and navigating you through the process.

Our Clearwater car accident lawyers are ready to stand by our side when you need us most.

Call our firm today at (727) 877-1212.

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