The aim of any personal injury lawyer representing you is to help you win maximum amount as damages for the pain and trauma that you underwent after an accident. Whether it is done after a trial or due to out of court negotiations, it is important to have information about settlement procedure and the various ways it can be done. That is one of the reasons that you need to talk to the injury lawyer in Vaughan.
Basically, a settlement is done when both the plaintiff and the defendant mutually agree on a set contract terms after an accident claim. Usually, this is done before or while the lawsuit is ongoing. Most of the injury claims are settled before the case goes to trial, based on the strength of evidence for the claim. The cases that are not settled out of court go on to trials. That is why it is important to hire an injury lawyer to represent your claim.
Some of the evidence that is required to prove your injuries include medical records, witnesses and police reports. Your injury lawyer is going to help gather all of the evidences so that you can prove to the other party or the insurance company that your injuries are genuine and needs to be compensated.
Categories of Settlement
Generally, the injury settlements are paid out in lump-sum as agreed upon both the parties. This is done through negotiations but is not the only category of settlement that is done. There are structured payments, wherein the one-time payment is done over a pre-determined period of time. You can choose the way you take the payments which are monthly, quarterly or annual, as you choose. One of the major reasons that people choose structured payment is that they avoid any possibility of spending the money at once. By getting spaced out payments, they are able to meet the necessary expenses with time, coinciding with the future events.
Generally, settlements are done through negotiations and mediation between the two lawyers of the plaintiff and the defendant. Oftentimes, the legal representative of the insurance company is a part of it. Another method is through mediation wherein a third party is involved in the process, who is chosen as an impartial party. However, the mediator isn’t one to impose the terms of the settlement but hears out the story of both the parties, looks at the evidence tries to bring them on the same page.
Thus, if you are looking to get your case settled out of court, it is essential to work with a personal injury lawyer. They have the knowledge and experience to deal with similar cases and can help you.