Settling a Car Accident Privately? 3 Pros and Cons

Complet Information About Settling a Car Accident Privately 3 Pros and Cons

Settling car accidents takes a while. It is a situation where accidents will be far more contrived and coming to the compromise with other parties can be a great choice. Of course, we need to take into account all the advantages and disadvantages of the situation, as things aren’t as simple. 

1. Shorter to solve

The most annoying and stressful part of legal proceedings after an accident is the length it takes to resolve the issues behind the accident. This is something that can generally be shortened by doing it outside of court. Figuring out the proper settlement that benefits both parties can be a great way to skip a lot of the obligatory concerns that would appear if one was to go through the full legal route.

The advantage is that it is very cut and clear. The involved parties agree on damages that will be covered either directly or through insurance companies and then those take effect. However, it may still be a good idea to run it past an attorney. Specifically, because the intricacies of legal insurance coverage may be off when just resolving it out of court.

Certain damages may not get covered or some policies may not apply. Hence why we recommend an attorney that specializes in traffic law. If you don’t have one handy and need an Oxnard car accident attorney it’s worth checking online for viable ones.

2. There’s a possibility to lose a case

Resolving the accident’s repercussions out of court can be very helpful if the parties involved aren’t clear on the potential result. It’s possible to spend a lot of money on the case itself and then end up losing. Court proceedings and the cost of attorneys can really stack up. The longer your case lasts the bigger they will be.

Of course, the disadvantage here is that you may take part of the blame even if the case would be in your favor. The act of settling things privately has varied results just like the court but the expenses should be lesser either way. Even if you are the only one paying the sum, it will save you the legal expenses. It’s still worth it to consult an attorney as some of these, like the Oxnard car accident attorney group mentioned before, offer free consultation.

3. Smaller compensation

As you can imagine, privately solving matters won’t net you as much compensation. The compromise will be made on the figures which would be a lot higher otherwise. It’s a huge downside to consider, especially if you’ve the time to pursue a court case. However, it does tie back into the previous point.

Losing a court case results in only expenses and no matter how firm you believe to be slighted it’s possible for the other party to win the case. In this case you’ll get no compensation so settling for less can be worth it at times. As usual, consultation with good attorney can help you decide how to settle it. There is rarely a one size fits all solution, which is why contacting Oxnard car accident attorney is worth it even in cases you seem likely to win.

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