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Should I Accept a Car Accident Settlement Offer?

People who sustained injuries in a car accident due to another driver’s negligence are typically entitled to compensation. The compensation will usually cover both economic losses as well as non-economic losses such as emotional pain and psychological trauma. When the court discovers that the other driver acted maliciously, the victim may also be awarded punitive damages.

“Some defendants may want to avoid the stress of formal litigation and may elect to settle outside the court,” says car accident lawyer Amy Gaiennie of Amy G Injury Firm. “While time is certainly a consideration, it is essential to carefully consider a settlement offer and assess the extent of possible losses that may arise from the injuries sustained.”

A defendant’s offer may seem fair and enticing. However, It is ideal to work with a meticulous attorney to provide needed legal guidance to avoid accepting a lower settlement offer.(1)

Things to Consider Before Accepting an Offer

Before accepting a settlement offer from a defendant, it is crucial to consider the following factors:

#1. The Severity of the Injuries Sustained

Filing a lawsuit can have significant cost implications for you. You will be required to pay for the services of a lawyer and possibly go through the stressful process of filing several documents.

It may be ideal to go through the case process if the injuries sustained are substantial and the defendant is offering an amount that is way below what you estimate the court would award. However, if the injuries are minor, it may be best to consider the settlement offer.

#2. The Settlement Amount Offered

The settlement amount the defendant is willing to pay should be able to cover the losses incurred. This includes medical bills, the cost of

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