Getting injured due to someone else’s negligence is a matter of sheer bad luck. Thankfully, personal injury law comes to your rescue and gets you the compensation that is rightfully yours. What you need to do is to take a stand and claim compensation from the offender for the pain, suffering and financial loss that you have borne due to the accident. However, you need to know this law well enough so that you can present a strong case and get a favorable claim. Here are some key facts about personal injury cases that you need to know.
Personal injury extends beyond the physical impact
The law considers multi-faceted impacts of personal injury, beyond the physical impacts only. A victim who can prove that he or she has suffered mental trauma, such as anxiety and depression, to the court is entitled to compensation as well. This usually requires a statement of a psychiatrist as evidence that can be presented in the court of law.
An out of court settlement is desirable
A majority of personal injury cases are surprisingly settled out of court, without going into trial. This is the best solution that works for both the parties involved as they can arrive at a mutually agreed settlement, without dragging the case for years. Even if you want a settlement outside the court, it is better to have a professional handling the claim for the best outcome.
A settlement is final
According to Theyec claim solicitors, you should be willing to accept the settlement once you decide to settle out of court. The reason is that it is final and you cannot take any further action against the offender once it is closed. Hence, you should be sure that the claim is in your best interest before accepting the settlement.
Personal injury lawyers usually work on contingency basis
Fortunately, most of these lawyers charge on contingency basis, which means that you pay them only after you get the compensation. This payment is usually calculated as a fixed percentage of the claim amount. This gives victims immense comfort because they will already be burdened by the expense of injuries and sometimes even financial crisis due to loss of employment.
You can avail the option of structured settlement
When you do agree to settle the claim with the offending party, there are the options of getting a lump sum payment or availing a structured settlement. The latter involves receipt of multiple payments that are spread over a period of time and are usually disbursed on a monthly basis. A structured settlement is a feasible alternative because it gives you secure periodic payments and may reduce the tax burden as well.
Knowing these personal injury law facts before claiming compensation is a smart idea. At the same time, you should hire a seasoned professional with the right skills and relevant experience for looking after your case. Having a good lawyer on your side can help you get a worthy compensation value within the minimum time span and in the most hassle-free way.