When it comes to personal injury settlements, taking your time can make all the difference. It is not wise to rush into the first settlement offer that comes your way just because you are entitled to compensation for the damages you sustained.
It is a common mistake many personal injury victims make without realizing the consequences, only to regret it when it’s too late. Here is why you should not hurriedly resolve your personal injury claim
It gives you more time to gather evidence
Rushing into a settlement can prevent thorough investigation and gathering crucial evidence, such as medical records and witness statements, which can harm your claim. However, taking your time ensures a stronger case with compelling evidence as it allows you more time to build your case.
You can have an accurate assessment of your claim
Taking the time to assess the full extent of your damages, like future medical costs and the impact of the injuries on your quality of life, will help determine a fair settlement by providing you with a more accurate settlement demand. Settling early without a full scope of your damages can result in an insufficient settlement.
Accepting a settlement offer closes your case
When you agree to settle a personal injury claim, you cannot reopen it. For instance, you cannot file a lawsuit to recover additional compensation since your claim is as good as closed. The negligent party is no longer legally liable for your damages.
Get legal help
It’s best to seek informed guidance if you are unsure whether to accept a settlement offer for your personal injury claim. Proper legal representation through the claims process will help you understand the value of your claim, your rights and the options available to ensure you get a deserving settlement.