Semi-truck accidents can lead to serious injuries. Those injuries are sometimes that basis for personal injury lawsuits. Many truck accident lawsuits are actually settled through settlements instead of civil trials. If you are in the midst of a truck accident case, you might be considering a settlement. Knowing some basic points about them might help you to decide if taking a settlement is the way you want to resolve your case.
Generally, a settlement is one way that you can ensure the case doesn’t drag on for a prolonged time. In almost all cases, a settlement is much faster than having to wait for the case to go to trial. This means that you will most likely have your money much sooner so you can get bills taken care of.
When you agree to a settlement, you will likely have to agree that you won’t pursue further legal action for the big rig accident. The only downside to that is that if you find that the settlement money doesn’t cover all of your expenses, you wouldn’t be able to seek more money.
In most settlements, the defendant wouldn’t have to admit fault. While that might seem like a big downside, it might not be. The settlement terms and information exchanged could be confidential, which means that your personal information wouldn’t be made public. Because of that, the defendant not having to admit fault might not seem that bad.
When you are considering a truck accident settlement, you should make sure that you are comfortable with the terms, including the payment terms. Understanding every term and how they affect you can help you make your decision.
Source: FindLaw, “Trucking Accident Settlements: What to Expect,” accessed June 24, 2016