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During the legal efforts to resolve a dispute, an offer of settlement can be made by either side at any point prior to the reading of the verdict.
The 2 times when it is possible to settle a personal injury dispute
• Before a lawsuit has been filed
• After a lawsuit has been filed, but before a judge or jury have issued their verdict.
The consequences of settling because that approach to get used more frequently than the effort of facing an opponent in court.
The plaintiff feels confident that he or she will be fairly compensated for any reported damages. The money for that compensation comes from the defendant’s insurance company. While insurance companies do provide their policyholders with the financial resources needed for compensating the victim of an accident, they link that money to the demand for a release form. That form, signed by the person that has sought the compensation, frees the insurance company of liability for any further damages that might have resulted from a specific accident, namely the one that initiated the settled dispute.
Defendants, usually insurance companies fear that the verdict that might come from a sympathetic jury. That is why adjusters try hard to settle with a claimant, instead of letting that same claimant become the plaintiff in a court case.
When 2 parties settle, the details about their dispute do not get much notice in the media. Defendants like that aspect of agreeing to a settlement. That fact also showcases the reason that lawyers encourage the filing of a lawsuit against an uncooperative insurance company.
Personal Injury Lawyer in Sudbury face all sorts of defendants. Some of them are companies that have become the target of a defective product liability lawsuit. Such companies usually prefer to settle, rather than waiting to see what a jury decides. The lawyers representing those same companies welcome the chance to negotiate the terms of a settlement. That is not possible after a jury has issued its verdict. That is another reason that the idea of settling often appeals to both sides in a given personal injury dispute.
How the legal system benefits from the desire to settle
The courts would struggle to satisfy the needs of all the plaintiffs, if everyone with a personal injury claim chose to fight it out in court. Lawyers, too, would struggle to meet their clients’ needs. It is not easy to prepare and present a case in a courtroom.
That is why the legal system benefits from the fact that most members of the public, including members of the insurance industry embrace the chance given to them by the legal system. That is the chance to settle their various personal injury claims.