Car accidents are an everyday occurrence, ranging from minor fender benders to life-altering collisions. The consequences can be significant, including severe injuries, lost wages, and enduring physical pain.
When fault is clearly established, it is often possible to negotiate a fair settlement with the responsible party. A skilled injury attorney can be invaluable in securing the best possible car accident settlement in Wilmington.
When Do Cases Settle?
There is no specific point during the litigation process when a car accident injury case is guaranteed to settle. An agreement could be reached early on, or the case might be resolved just moments before the trial begins.
One of the most common stages for a settlement to occur is shortly after the plaintiff sends a demand letter. This detailed document outlines the nature of the plaintiff’s injuries, explains why compensation is warranted, and typically includes a proposed settlement amount. Demand letters often serve as a starting point for negotiations, potentially bringing the case to an early resolution.
In other instances, settlements may only happen after the plaintiff files a lawsuit. A significant number of agreements are reached following the discovery phase—a process where both sides exchange the evidence they plan to present at trial.
Ultimately, car accident settlements in Wilmington can happen at any point during the litigation process, depending on the circumstances and the willingness of the parties to negotiate.
What to Know About Car Accident Cases
There are several things to know before you settle your car accident case in Wilmington. Taking careful steps in the aftermath of a crash can help you get the best possible outcome.
You Have Limited Time to Act
Every car accident case is governed by the statute of limitations. You have limitations on how much time there is to file suit. An attorney can advise you on the deadline in your case.
Most—But Not All—Cases Settle
The vast majority of car accident injury cases never go to trial. While some involve extensive litigation and others are dismissed, most of these claims ultimately settle. Getting a fair settlement is not always easy, but an attorney works to maximize your recovery.
You Only Get One Chance to Settle
Once your case is settled, your opportunity to secure additional compensation for your injuries is gone for good. That is because, in exchange for the settlement amount, you must agree to waive your right to file a lawsuit.
Damages in a Settlement
The result of a Wilmington car accident injury settlement is typically a lump sum monetary payment. In exchange for promising not to sue or agreeing to drop a lawsuit, the defendant usually offers to pay a set amount to resolve the claim. This is made up of different types of monetary damages, including the following:
- Past and future medical bills
- Emotional distress
- Pain and suffering
- Lost wages
- Diminished future earning potential
- Property damage claims
Each of these damages could be available depending on the facts of your case.
Talk to a Lawyer in Wilmington About Car Accident Settlements
Many people are ultimately able to reach a settlement after being hurt in a car crash, but that will not happen for everyone. This process takes time, and having the support of an attorney is crucial. Reach out right away to discuss your Wilmington car accident settlements.