For example, Virginia is one of the only states that still has a contributory negligence rule. In states with contributory negligence, if you were at fault in any way, you cannot receive anything. On the other hand, some states allow compensation if the plaintiff was less than half at fault or will deduct the percentage amount of how much the plaintiff was at fault.
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A settlement agreement is when the injured party agrees to relinquish all claims against the defendant or insurance company in exchange for an agreed upon amount of money. Settlement agreements can be reached before a lawsuit is filed or at any time during the lawsuit before it is complete. Plaintiffs can sometimes receive more money for going to court, but the cost, time, and stress of a trial is oftentimes not worth it in the long run.
When you have a case that will likely be successful, you will probably receive a settlement offer from the insurance company or defendant that you are suing. If you agree to an offer, you will be able to receive compensation faster and you won’t have to go through a drawn-out trial. In exchange, insurers or defendants will pay an amount that is agreeable to them. However, if you don’t think the amount of money is enough to compensate you, you shouldn’t accept it.
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Before you select an attorney, you should make sure that he or she will go to court for you if you’re not satisfied with a settlement offer. While it is often more convenient to settle, you need an attorney that will go to court if you don’t want to accept the amount. Unlike insurance companies that will want to save themselves as much money as possible, attorneys work for you to make sure you receive fair compensation.
Sometimes, you might receive a fair settlement offer that is better to accept rather than litigating in court. Litigation can take a lot of time and could result in more court costs than necessary. An experienced attorney can review everything for you and let you know their legitimate opinion on whether it is best to settle or fight in court. Everything depends on if it’s a fair offer, how long you have to wait for money, and whether the additional costs could ultimately cost you more rather than simply accepting the settlement.
Personal Injury Lawyers Near Me
When you are personally injured because of another person and want to sue, our experienced attorneys at ReidGoodwin are ready to help you receive compensation. We will reach a reasonable settlement agreement or go to court for you if one cannot be agreed to.
Call us today at (804) 415-7800 for a free consultation
Our Contact Info:
Reid Goodwin – Personal Injury Lawyer Richmond
4116 Fitzhugh Ave, Richmond, VA 23230
(804) 415-7800