When you get to that point in your claim where you are deciding whether or not you want to move forward with a lawsuit as opposed to settling the claim, what you might be thinking is that the insurance company’s offer is lower than you feel you could get at trial. If you think a jury would award you $100,000 where the insurance company offering me $40,000, that option might be tempting.
There are some reasons behind that, because when you go in front of a jury, things change for you. You will incur additional expenses that are going to get taken out of that award. There are going to be some offsets that are reduced from whatever they award.
So, if your no-fault insurance paid $20,000, that $100,000 automatically drops down to $80,000. When they are determining a fair settlement dollar, a $100,000 jury award sounds great compared to a $40,000 settlement, but it might end up being the same exact thing for you. So, you want to look at what those offsets might be before you decide to jump into a litigation.
If you have any questions about your options, call or text the car accident lawyers at 612-INJURED at (612) 465-8733 for a free consultation.
