Someone that has suffered a personal injury has the right to seek a settlement by negotiating with the responsible party. Yet, if the negotiations were to reach a standstill, it could be time to think seriously about initiating a lawsuit.
Benefits enjoyed by a claimant that has chosen to become a plaintiff in a lawsuit
The plaintiff has sound reason for expecting an increased chance for receipt of a larger monetary award, as opposed to the amount expected from a settlement. At the conclusion of a trial that is supposed to rule on a personal injury case, the jury decides on the award’s size.
Due to the increased chances for a larger award, the plaintiff has less reason to worry about any out-of-pocket costs. The award money should help to cover those costs, as per Personal Injury Lawyer in London.
During a trial, the plaintiff’s attorney can seek compensation for the client’s pain and suffering. The money offered by the insurance company, by way of a settlement, reflects only the insurance company’s view, regarding the value attached to the plaintiff’s pain and suffering. That value is normally less than the one agreed-upon by the jury.
Drawbacks to any lawsuit that a claimant has considered pursuing, in a personal injury case
The award agreed-upon by the jury could be less than the money offered by the insurance company, during any period of negotiations. If the jurors do not feel that a plaintiff has provided them with a sufficient level of evidence, then those 12 men and women might not feel compelled to grant the plaintiff substantial compensation. A large percentage of the money awarded to the plaintiff by the court could get used to cover the various costs created by the litigation process.
The filing of a lawsuit could force the plaintiff to wait a year or more for any type of monetary compensation. Plaintiffs that win a personal injury case should not feel guaranteed that the awarded money will be coming in a short period of time. The defendant could decide to seek a chance to appeal the court’s decision.
Granted, there are times when the 2 sides reach an agreement before the trial’s conclusion. Although that does help to shorten the time that the plaintiff must wait, before receiving any money, it fails to guarantee the plaintiff’s receipt of a sizable compensation package. The members of the jury would not play a part in any agreement that might be made between the 2 sides, before a trial’s conclusion. Hence the jury’s view, regarding the amount of money deserved by the plaintiff would not get considered. Consequently, the award’s size might resemble closely the amount that would have been stipulated at the conclusion of a negotiated settlement.