3 Common Questions About Your Personal Injury Lawsuit Payout
When we are talking about personal injury lawsuits, there is quite a bit we need to know, as it is one of the largest and most expansive topics in the legal world. The fact of the matter is that personal injury law, often referred to as tort law, is a legal field in which victims have the right to file a civil lawsuit against an at-fault party, as their negligent actions have caused some type of an accident or incident, in which the victim suffered an injury, or incurred some type of monetary damages. According to Mr. Charles Spinner of Spinner Law Firm, the best injury lawyer Sarasota has in practice, when it comes to personal injury settlements Sarasota plaintiffs often suffer both – in terms of a physical injury, that will then lead them to incur monetary damages, often in the form of missed time at work, medical bills, pain and suffering, amongst other compensatory damages as well as punitive damages that the defendant or the at-fault party is therefore responsible for. Its important to understand how these compensatory damages and punitive damages are paid out, and when it comes to an injury settlement Sarasota plaintiffs must educate themselves as much as possible on the subject in order to take the best route to not only recovering damages but getting justice. This is why, in the event, you or one of your loved ones is involved in some type of an accident or suffer an injury at the hands of a negligent party, whether it’s a car accident, slip and fall, medical malpractice or other situation, its best to hire an experienced personal injury attorney, like Mr. Spinner, considered to be the best injury lawyer Sarasota has to offer. Despite how prevalent these cases are, far too many prospective plaintiffs don’t know much about how payouts and settlements work. And while your attorney can help you, and will help guide you the on the proper steps to take in order to get the most out of your personal injury lawsuit, its helpful to know as much as possible. in this article, we will be going over three of the most commonly asked questions regarding personal injury settlements Sarasota victims generally have.
· How Much is My Personal Injury Case Worth?
One of the most commonly asked questions amongst plaintiffs, is what the total value of their case is – this is why its vital they hire the best personal injury attorney Sarasota has to offer, someone like Mr. Spinner, as soon as possible, as they will be able to outline what damages you are entitled to and help you to value your case. When it comes to the value of your personal injury settlement Sarasota experts will advise that there are a number of factors at play and are specific to your case. Generally, a case is worth much more than what the other side and their insurance company would have you believe or will offer up as a first offer for a settlement. Some of the factors at play are the severity of your injuries, how long they will take to heal, what the laws are in the specific state you get injured in are, the insurance companies involved (on both sides), the personal assets of the offending (negligent) party or defendant, and what the details of the case are – how negligent were they and what level of fault did they play. According to Mr. Spinner, the best personal injury attorney Sarasota has in practice, generally a settlement amount is less than what you would get from a trial victory, however, it is much more likely that you will get the whole amount, and you will get it sooner, and with much less of a fight as the opposition has agreed to pay it – plus you get to avoid the time, money and headaches of a trial.
· How Long Will it Take to Settle My Claim?
This is a commonly asked question, as plaintiffs want to be paid fast, obviously, but it can differ in every case. The vast majority of personal injury claims are settled out of court, as this is much faster than a trial, less of a headache, and cheaper for both parties involved. A claim that is more complex, and involves more compensatory damages and punitive damages, will likely take more time to negotiate, and insurance companies and attorneys on either side will fight harder. Often, the defense will lowball the victims with offers, knowing that the case is worth more, in an attempt to get them to bite, this is why generally the plaintiffs who are in the best place financially, and can afford to wait out negotiations will generally get much more in terms of an personal injury settlement Sarasota attorneys agree. The fact is that with a strong attorney on your side it can speed things up, but it can still take months or even years, especially if the case ends up going to trial – in which case, they might eventually still agree to a settlement or choose to take their chances at trial.
· How Long After a Verdict or Injury Settlement Will it Take to Actually Get a Check?
Now this might be a more important question than the previous one, as the personal injury claims process is a long, drawn-out waiting game – especially for a victim who is fighting against a strong defense. As the best personal injury attorney Sarasota has to offer, Mr. Spinner will generally advise clients that even after a settlement agreement or a verdict is reached at trial, it can take a few more weeks or a month or two to actually see your personal injury lawsuit payout. However, in certain verdicts the defense might attempt to delay things, or might even claim bankruptcy in an attempt to avoid paying things out, this is why settlements are generally more sought after. However, once your personal injury payout is completed, your lawyer will then deduct their fees, which you previously agreed upon, any court costs, and other deductions or costs incurred during the trial, and then you will receive a check for the remaining amount. Another reason why people avoid a trial is that they can often save on a lot of these court fees, and their lawyers will charge them somewhat less.
For more information on personal injury lawsuit payouts and more, be sure to contact Spinner Law Firm today.