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When someone suffers an accident or injury due to the negligence of another individual or entity, they may want to file a personal injury claim. In some cases, officials offer victims a settlement, which will be resolved outside of court. Other times, the hurt party will need to file a civil lawsuit to collect damages. While there are pros and cons to both scenarios, many people prefer the stress-free simplicity a settlement offers.

A Guide to Personal Injury Claims Settlements 

What Are Settlements?

personal injury claimsSettlements occur when an insurance company or defendant offers a payment to the victim. Sometimes, they will try to negotiate before the hurt party even files a lawsuit. Other times, it occurs after the documents are filed, and even as late as mid-trial or while the jury deliberates. If the plaintiff agrees to the settlement, they must sign a liability release which ensures that the plaintiff accepts the compensation, will drop any pending claims, and will not sue the defendant.

What Role Do Insurance Companies Play?

In most cases, agreements only occur when insurance agents are involved. Insurers may be particularly obliged to settle on a case because they are risk-averse; they have the money to pay out claims, and they expect to do so. By offering to settle, they also avoid legal fees and dealing with a jury. In some cases, they may be able to bypass a higher payout if they do so early.

 

If you have been hurt in an accident and would like to file a personal injury claim, contact the experienced lawyers at the Hensley Law Office in Flatwoods, KY. Their experienced team will provide quality legal counsel and advocate on your behalf to secure a favorable outcome. Call (606) 836-3117 to schedule your initial free consultation, or follow them on Facebook for regular updates.

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