After all the documents gathered and your case is put together, there is one more question you need to answer: when will you settle your personal injury case? Unfortunately, the answer to this question is a tough one to come up with. Settling too early can cause you to miss out on possible damages you did not recover, and settling too late can waste your time or even lose your right to make a claim.
If you are still struggling to identify when you should settle your personal injury case, you are in the right place. In this article, we will tell you what you need to know to settle your personal injury claim at the right time.
1. Check the limitations
One of the first things you must always consider when filing a claim is the statute of limitations. In many cases, you will not be able to sue or claim after the deadline specified by the statute of limitations has passed. While there are certain exceptions to these statutes, they are quite specific and do not apply all the time. As such, it is always recommended that you settle your claims within the deadline imposed by the statute of limitations. Failing to do so could result in you losing your right to claim.
2. Fully heal before settling
If you are not dealing with limitation problems, you will want to reach maximum medical improvement before settling the case. In other words, you will want to make sure you and everyone else part of the claim should be fully healed or has benefitted the most out of medical treatment. This ensures that the claim is done as accurately as possible, because some documents may not be ready until maximum medical improvement has been reached. Plus, other documentation related to injuries may not be fully reliable to collect the right compensation for injuries.
In other words, allowing yourself and other parties to fully heal will allow the settlement process to conclude as fairly as possible, with all the reliable documentation and facts laid out to come up with an agreement.
3. Settle as soon as possible
If you are not dealing with any limitation issues and that you and other parties have reached maximum medical improvement, you will generally want to settle the case as quickly as possible. In many cases, this will be within the first year of the accident that has occurred. However, there are some things that must be done before settlement starts.
First, the facts must be laid out in the clear, and the defendant must clearly be identified. Second, the insurance must already have been used up and the damages left are made known. Third, the liability must point at either party, whether it be you or someone else. Only when all of these criteria fall in line can you carry out the settlement process.
The road to settling a personal injury case can be a tough and arduous one, especially if the accident was a severe one. As such, we always recommend working with personal injury attorneys to assist you in your efforts. They will help you gather all the documents you need and set a date to get your claim settled to ensure you get the compensation you deserve. Just be sure to look for trustworthy attorneys to work with by researching the law firms you want to work with. This way, you will be able to hire expert and trustworthy lawyers that will put your needs first in line to help you reach a fair agreement on your claim.
Zukerberg & Halperin are top-rated personal injury experts in Washington DC, offering services to handle serious injuries to help you get the compensation you deserve. Work with us today to settle your personal injury case!