What is an out of court settlement?
An out of court settlement is when you choose to be compensated for your injuries by the insurance company alone and not go through the court process. An out of court settlement is typically faster than a court settlement, although usually less substantial.
When you are offered an out of court settlement for your personal injury claim you should review it with the help of a New York personal injury lawyer before agreeing to the terms.
In many cases, the insurance company will try to talk you into an out of court settlement for the bare minimum amount for which they are liable. They will also place a clause in your agreement that says you cannot file a lawsuit in the future if other complications from your personal injury arise.
Insurance companies prefer out of court settlements as they are almost always settled for lower amounts than a personal injury lawsuit and do not involve lengthy trials and attorneys. Before signing any agreements you should have your New York personal injury lawyer review the out of court settlement. If the amount is too low for your needs your New York personal injury lawyer can assist you in filing a personal injury lawsuit.
Contacting a New York Personal Injury Lawyer
At Gacovino Lake & Associates we have formed a dedicated network of personal injury lawyers to serve clients nationwide. Our New York office serves residents of the 5 boroughs with their auto accident, medical malpractice, defective drug, premises liability, and Workers’ Compensation claims. For experienced help when filing your personal injury claim, contact us today – 800-246-4878.