In general, if you can get close to the face value of the case in question, then it should be considered to be a very good agreement. Some say that the measure of a good agreement is when both parties leave the agreement unhappy. This means that the defendant paid more than he wanted to pay and the plaintiff accepted less than he wanted to accept. There are several factors that can serve as guidance as to whether the agreement should be accepted.
One of the first considerations that lawyers and clients must consider is the possibility of prevailing on the issue of liability. If it is clear that the other party is at fault, the settlement offer should not be reduced because of the risk of losing the case. If the plaintiff is only 60% likely to prevail when it comes to liability, they may want to consider accepting 40% less as compensation. In most cases, you must reach a maximum level of recovery before accepting a settlement offer.
However, if that's not possible, you should at least have reached a phase of your treatment where you are comfortable with your physical condition. You should not agree to resolve your case until you are comfortable with your medical treatment. A reasonable settlement offer is one that adequately covers your medical expenses, lost wages, and any additional losses you may have suffered, although it can vary significantly from claim to claim. Working with an experienced personal injury attorney can give you a better idea of the amount of compensation you should expect as part of a reasonable settlement and, in many cases, how to determine if that offer effectively meets your needs. A Phoenix personal injury lawyer can also bring your case to court if your insurance company refuses to offer a reasonable settlement and you decide to file a personal injury lawsuit.
A good settlement offer works in your favor and puts you back in a favorable position once the agreement is final. Settlement offers must take into account all the factors that have affected you in relation to your losses, damages and personal injuries. For example, insurance companies use charts, graphs, and calculations to determine the best offer for a claim. They are usually fair in their decisions, but make no mistake in saying that the insurance company wants to reduce part of the agreement if they can get away with it. There is no way to determine what damages are reasonable in an injury case without examining the specific facts of your case.
In general, a personal injury settlement is reasonable if it covers all of your expenses; anything other than that might not be a reasonable settlement at all. The best way to know if the offer you received is a good offer is to discuss it with an injury attorney. One of the first questions injury victims often have when considering a personal injury claim is how much their case is worth. Filing a personal injury claim may mean that you have to spend significant time looking for settlement offers. If you have a permanent injury that leads to permanent disability, you'll keep in mind that this injury will haunt you for the rest of your life.
When it comes to deciding whether to settle or go to trial in personal injury cases, there are a number of factors that both parties consider. A good personal injury settlement will consider your direct financial losses and provide some compensation for the non-financial losses that accompanied your injuries.
