What Does It Mean to Get a “Settlement” After a St. Louis Car Accident?

Only about 5% of personal injury cases, which include car accident cases, actually go to trial and end up being resolved in a court of law.

If you’ve been exploring your options to file a car accident claim to get compensation for your pain, suffering, medical expenses, and other costs after a car accident in Missouri, you may have heard the term “settlement,” or “settling your case.” 

Let’s discuss what you need to know about settling your case with the help of a car accident lawyer in St. Louis.

Most Car Accident Cases Never Go To Trial

Wondering if you should settle your lawsuit for a car accident in St. Louis? In many cases, settling a lawsuit out-of-court is the best option. Only about 5% of personal injury cases, which include car accident cases, actually go to trial and end up being resolved in a court of law.

This is because an out-of-court settlement has a number of benefits. To name just a few, settling out of court means that you can get your money faster, you don’t have to worry about potentially losing the case, you can avoid court fees, and you will not have to spend time in court or worry about long delays in your case.

Understanding The Basics Of Out-Of-Court Settlements

The term “settlement” is short for “out-of-court settlement.” This means that the two parties involved in the case reach a civil agreement that halts the lawsuit and any further litigation on the case, usually in exchange for some amount of monetary compensation.

For example, you and your car accident lawyer may request compensation of $50,000 from the responsible party’s insurance company in order to cover the costs and damages incurred by the accident. If the other party accepts this compromise, a settlement is reached.

After you receive your payment, the case is closed without entering court (hence the term “out-of-court” settlement), and you may no longer pursue legal action for the accident. 

In most cases, out-of-court settlements require several rounds of negotiation before a suitable compromise is reached, which is why it’s helpful to work with an experienced car accident lawyer in St. Louis. 

Work With the Right St. Louis Car Accident Lawyer to Get a Fair Settlement

Settling a car accident injury lawsuit out of court is often the best move, but you will benefit greatly from the experienced of a St. Louis car accident attorney. They can make sure you get adequate compensation for your injuries, lost income, pain, and suffering, and other such things.

In addition, your lawyer should always be willing to go to trial if the settlement is not suitable. Make sure you find an experienced attorney who is willing to fight for your rights and get you the compensation you deserve.

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