What Is A Car Accident Settlement?

by | Aug 7, 2015 | Attorney

A car accident injury settlement is a monetary award from the errant driver who was the cause of the accident. A percentage of the award will go to the Chicago car accident attorneys who were hired to represent the injured party known as the plaintiff in the case. In the greatest majority of cases the monetary award comes from the insurance company but there are circumstances where the defendant has to pay the award from his or her own resources. The amount of the award is often settled between the parties out of court; however, if an out of court settlement which is acceptable to all concerned cannot be reached the case will go to court.

In the majority of car accidents one party at least will be found responsible. In the unfortunate event there were injuries the person or people injured have the right to sue the responsible party for compensation, the compensation is from the insurance carrier or the person deemed negligent. The money that is received is called the “settlement” because it is a cash award which is granted to the plaintiff following the legal process that begins when the Chicago car accident attorneys that were hired by the injured party file a claim or lodge a complaint. In the greatest majority of cases there is considerable back and forth between the plaintiff’s attorneys and the attorneys representing the defendant or the defendants insurance company before a final settlement is reached.

If the injury is minor the settlement can easily be reached between the parties without the need for legal intervention. In cases where there are serious injuries then the settlement process can be long and drawn out. One major contribution to the extended time frame to settle is the extent of the injuries suffered by the plaintiff, before a settlement can be reached it is necessary to have a very good idea of the severity of the injury, the time it will take to recover and the costs associated with the event.

In the event the parties cannot settle out of court the case will be heard in civil court under tort law. It will require Chicago car accident attorneys to represent the injured party as well as attorneys for the individual alleged to be responsible. The attorneys for the injured party will normally take the case on contingency which simply means that their legal fee will come from the eventual settlement.

If you have sustained injury in an automobile accident through no fault of your own you can hire Chicago car accident attorneys and sue the responsible party for compensation. Discuss your specific case with Shea Law Group.

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