When Should I Decide to Settle My Personal Injury Claim?

personal injury law

In the state of Texas, easily more than 95 percent of personal injury claims never make it to court, but rather they are settled beforehand. But simply because this is the norm does not mean that you should let an insurance company force your hand. That is, you should take the legal route that you believe will give you the best outcome. Read on to discover what circumstances make it best to settle your claim and how a seasoned Harris County, Texas personal injury lawyer at White Personal Injury can confirm you are fairly compensated.

Under what circumstances should I decide to settle my personal injury claim?

You must take it upon yourself to calculate the total costs you incurred in your personal injury event. This is so you can compare it against the initial settlement offer that an insurance company proposes to you. Nonetheless, you should not agree to an offer unless it covers the full extent of your economic and non-economic damages. Relevant damages may include the following:

  • Your current and future medical bills:
    • The cost of your emergency treatment on the day of your personal injury event.
    • The cost of your ongoing rehabilitative treatments until you reach a full recovery.
  • Your current and future lost wages:
    • The wages you have lost from your current employment in the days, weeks, or months following your personal injury event.
    • The wages you may lose in the future due to the injuries inhibiting you from returning to your line of work.
  • Your pain and suffering:
    • The cost of your physical hurting.
    • The cost of your mental and emotional anguish.

Therefore, if you do not believe their initial offer is adequate, then you and your lawyer may join forces to negotiate a more appropriate amount. But if the insurance company is ultimately unagreeable, then you must strongly consider presenting your claim in front of a Texas jury.

What are the benefits of settling versus taking my claim to court?

You must be aware of the likelihood that the offer you receive in a settlement may be less than the amount you may win in a successful court case. However, there are many benefits that settling has over a trial by jury, and they read as follows:

  • You may be guaranteed financial compensation versus having the risk of entirely losing your case.
  • You may be guaranteed to receive financial compensation quickly versus having to wait months, or even a year, for your trial to run its course.
  • You may be guaranteed to save a significant amount of money versus having to pay hefty court fees with your trial.

Undoubtedly, there is a lot to consider when settling your case. This is why your next order of business should be to initiate a conversation with a competent Harris County, Texas personal injury lawyer. Someone at White Personal Injury will be awaiting your phone.

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