Will A Personal Injury Lawyer In Trenton Have A Role In Settling Cases With Insurance Companies?

You are injured in an accident. The accident caused because of someone else’s negligence or carelessness. In that case you are entitled to recover compensation for your injuries as well as resulting damages. This compensation is often settled outside court. A leading Personal Injury Lawyer in Trenton says out of court settlements mutually benefit both the plaintiff and the defendant in a case. Once a settlement is reached, the plaintiff or accident victim must relinquish all claims against the defendant related to the accident. This is legally approved when a plaintiff signs a full liability release in favor of the defendant.
 
Relinquish of claim

An example here will make the picture even clearer suggests the Personal Injury Lawyer in Trenton. Suppose a car accident has occurred in which the insurance provider of the vehicle offers the plaintiff a sum of $50,000 as compensation to settle the case. Thus, the plaintiff receives $50,000 only after signing the aforementioned papers of relinquishment. In other words, by signing the papers the plaintiff agrees not to pursue the matter through any legal way or file a lawsuit connected to the crash.

Personal injury settlements and insurance providers

A leading Personal Injury Lawyer in Trenton observes in personal injury cases usually a settlement is offered when insurance companies are involved. And in the overwhelming majority of these cases one insurance provider or the other is always involved. Insurance companies hold on to assets to make these payouts. However, as a hardcore business establishment, every insurance company tries to pay out only a certain number of claims a year. This policy itself is a part and parcel of their business model. Even the number of claims to pay out in a year is decided by the individual business model of an insurance company.   

Insurance companies are averse to take any risk, points out an experienced Personal Injury Lawyer in Trenton. They just do not want to place the fate of their finances in the hands of an unpredictable jury. As such any legal matter is quite unpredictable in itself. A lawsuit may continue for an indefinite time frame. Moreover, the final verdict may go in anybody’s favor – a plaintiff or a defendant. In addition to that there is also the factor of cost that is involved in litigating a personal injury case all the way through trial.

Considering all these facts and factors insurance providers prefer settling this type of cases out of court. A settlement is always helpful for a defendant to control risks, says a leading Personal Injury Lawyer in Trenton. Moreover, it also helps the defendant avoid the cost of litigation. On the other hand, a settlement guarantees a plaintiff will never come home empty-handed. While pursuing litigation, if a plaintiff loses a case, he or she practically receives nothing as compensation. For more information visit here: AB Personal Injury Lawyer