Settlements Articles

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Advantages of Settling Out of Court

You may believe that settling your lawsuit out of court seems like taking the easy way out, but there are many advantages to settling your case out of court and several factors that you should consider before filing a lawsuit on your claim. There is no “one size fits all” when deciding whether your case needs to go to trial or whether to accept a settlement offer.

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Understanding Your Final Settlement Statement

From beginning to end, handling a personal injury claim can be stressful. Almost everyone can agree that a huge weight is lifted once the final settlement is agreed upon and the matter is complete. Before you can actually receive any money, however, you will meet with your attorney or insurance adjuster to discuss the settlement agreement and how the proceeds will be disbursed.

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Corrections to a Release Agreement

If you discover errors contained in the settlement and release agreement you receive from the insurance company after negotiating a settlement for your personal injury claim, you may send a letter requesting corrections be made. A list of potential errors is included below. The settlement and release agreement should accurately and completely reflect the agreement that was reached between you and the at-fault party’s insurance company.

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Understanding Settlement and Release Agreements

After negotiating with the insurance company regarding your personal injury case, you may finally reach an amount that you feel adequately compensates you for your injuries and damages. While you can agree to a settlement of your case orally, it is common practice for the insurance company to insist that you affirm the settlement in writing.

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