After being injured in an accident caused by the negligence of a person or entity, you may be entitled to seek compensation by filing a Texas personal injury claim. Many accident victims in Houston TX are forced to weigh the pros and cons of going to court, and for most, the idea of having to endure a nerve-racking court case is less than ideal. The unique circumstances of your accident and the cooperation of the at-fault party’s insurance company may determine if you have to go to trial to obtain due compensation after being injured by the actions of another party.
Luckily, statistics show that the majority of cases settle without having to go to court. Insurance companies are like any other business and put their profitability first. While paying out a lawsuit will cost the insurer, they will likely want to avoid paying enormous court fees on top of your damages.
When considering any settlement, it is in your best interest to consult with an experienced personal injury attorney in Houston before making a final decision. A lawyer at West Loop Law and the Law Office of Nhan Nguyen, MD, JD can help you calculate the maximum value of your claim and determine if the insurance company’s settlement offer will be enough to cover existing and future expenses related to your injuries.
Why Does the Insurance Company Want to Settle Out of Court?
Like we’ve said before, the primary reason that the majority of personal injury cases settle out of court is due to financial concerns. The insurance company of the defendant is well aware that they will have to pay out your claim eventually, and going to court will be drastically more expensive than just renegotiating a settlement offer. Once the case goes to trial, the insurer will have no control over the end result, potentially putting them on the hook for much more than they would like to cover your claim.
However, in cases involving catastrophic injuries, an insurance provider may opt to go to court due to the amount of money at stake. A qualified Houston personal injury attorney can help guide you during the negotiations process in order to ensure that any settlement is enough to cover the full extent of your damages.
Who Benefits from a Personal Injury Settlement?
Settling a personal injury case in lieu of going to court can be a benefit to both parties. For the plaintiff, it allows him or her to obtain compensation sooner, and these financial damages can help ease monetary concerns. On the other hand, the defendant is able to avoid paying costly court fees while maintaining control of the negotiation process.
You can never completely predict what will happen at trial, and injured parties need to hire an experienced lawyer who can help litigate maximum compensation on their behalf.
What to Do If Settlement Negotiations Fail
There are times when the insurer will refuse to budge, denying the plaintiff a fair settlement worthy of their legal and financial needs. Personal injury lawsuits are meant to compensate and reimburse an injured victim for the costs of their medical bills, lost income, property damages, and other damages associated with a serious accident.
When a claimant accepts a low-ball offer from the insurance provider, they risk substantial financial problems in the future. In such a case, the only remaining option is to commence court filings, and this will be sure to get the attention of the insurance company. In many cases, this is enough to persuade the insurer to provide a reasonable settlement offer.
However, if the insurance company refuses to play ball, you need a trusted attorney from West Loop Law and the Law Office of Nhan Nguyen, MD, JD on your side to help you through the litigation process.
Personal Injury Lawyers Houston
At West Loop Law and the Law Office of Nhan Nguyen, MD, JD, our Houston TX personal injury attorneys are here to help those unfairly injured due to the negligence of another party. Nhan Nguyen, MD, JD, Nader Rabie, JD, and our legal team have over 14 years of combined experience fighting for the rights of accident victims in the Houston area, and we have the resources to pursue all possible avenues to ensure that you recover the compensation needed to make a full recovery. We represent the needs of everyday people — not big companies. We can help you hold a negligent person or entity accountable for their role in a serious accident.
If you or a loved one has been unfairly injured by another’s negligence, contact West Loop Law and the Law Office of Nhan Nguyen, MD, JD today at (713) 840-7200 to discuss your case.
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