Formal Vs. Informal Personal Injury Settlements
The definition of personal injury in the state of Texas is quite wide in terms of the types of accidents that are covered and, sometimes, it can be difficult to know what qualifies and what does not.
However, for any accident that is classified under personal injury, such as car accidents and medical malpractice, the victims are entitled to compensation if they can prove that the accident was caused by the carelessness or negligence of a third party and that they suffered enough to deserve the compensation.
The work of law firms is to prove this and help the victims collect the compensation that they deserve. This can be done in two ways as explained below:
- Informal personal injury settlements – in many personal injury cases, the defendants accused of causing the injury, or their insurers, are usually quick to realize the depth of their predicaments and will want to settle the matter before it is taken to court. If you are searching more continue reading on this link. Naturally, this is the most expeditious solution to the problem for the victims as well and therefore every personal injury lawyer worth his or her salt will first explore this option before considering any others. However, there is always the risk that the defendants might try to convince the victims to accept settlements that are much lower than what they actually deserve to get so it is best to let a professional attorney handle this on your behalf.
- Formal personal injury settlements – in the event that the defendants are unwilling to negotiate and informal settlement or an acceptable agreement cannot be reached, the next course of action is usually to seek compensation formally through the courts. This process involves filing a civil lawsuit suing the people responsible for the accident for compensation commensurate to the injuries suffered. Although this option is usually more time consuming and relatively expensive, it has its own benefits in that settlement amounts reached through the courts are almost always higher than the informal settlements.