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Motorcycle Accident Settlements vs. Court Trials: Which Is Better?
Call us today at (505) 390-1040 to schedule a consultation with the Best Motorcycle Accident Lawyer in New Mexico. Let us help you secure the compensation you deserve.
RAYMON LAW GROUP
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When it comes to motorcycle accidents in New Mexico, understanding your legal options is critical. As an injured motorcyclist, you may be wondering whether you should pursue a settlement or take your case to court.
At Raymon Law Group, we specialize in helping clients navigate the complex case of motorcycle accidents. If you’re dealing with a motorcycle injury, understanding the difference between settlements and court trials can significantly affect the outcome of your case.
What Is a Motorcycle Accident Settlement?
A settlement is an agreement between the parties involved in a motorcycle accident case. Instead of going to trial, both parties, often the insurance company and the injured party, negotiate a compensation amount. Settling outside of court can save both parties significant time, money, and resources.
Advantages of Settling a Motorcycle Accident Claim
Faster Resolution: One of the most significant benefits of a settlement is the speed. A trial can take months or even years to reach a resolution, whereas a settlement can often be reached within weeks or a few months. This is especially crucial if you’re facing mounting medical bills and lost income.
Lower Legal Costs: Personal Injury lawyers typically charge a contingency fee, but settling your case avoids the expensive costs of prolonged litigation, such as court fees, expert witness costs, and administrative expenses. A settlement often allows you to keep more of your compensation.
Certainty of Outcome: While there is no guarantee of success in a trial, a settlement offers more certainty. Insurance companies are usually risk-averse and may offer a fair settlement to avoid the unpredictability of a trial.
Less Stressful: Trials can be emotionally taxing, especially if you’re dealing with the aftermath of an accident. A settlement removes the stress and uncertainty of courtroom battles, allowing you to focus on your recovery.
Confidentiality: Settlements are typically private, which can help preserve your personal and financial privacy. If you settle your claim, the terms remain confidential, avoiding the public scrutiny that can come with a court trial.
Disadvantages of Settling a Motorcycle Accident Claim
Possibly Lower Compensation: One downside to settling is that the amount you receive may be lower than what a jury would award you in a court trial. If you have a strong case and the evidence supports it, a trial could potentially result in a larger payout.
Insurance Company Negotiations: Insurance companies are often reluctant to offer a fair settlement. They will try to minimize their payout, which means you may need to work with an experienced Motorcycle Wreck Lawyer to ensure you’re getting a fair deal.
What Is a Court Trial for a Motorcycle Accident?
In contrast to a settlement, a court trial involves a formal legal process where both sides present their case before a judge and jury. The jury will then decide who is at fault and determine the compensation amount.
Advantages of Pursuing a Court Trial
Potential for Larger Compensation: One of the most significant advantages of a court trial is the possibility of a larger compensation amount. A jury may award substantial damages for pain and suffering, emotional distress, lost wages, and medical expenses, especially if the defendant’s actions were egregious.
Full Accountability: Going to trial holds the responsible party fully accountable for their actions. In some cases, this can lead to a more substantial verdict, particularly if there is evidence of negligence, recklessness, or malice.
Public Accountability: Trials also ensure that the facts of the case are made public, which can serve to deter future negligence or reckless behaviour by the responsible party.
Disadvantages of Pursuing a Court Trial
Time-Consuming: Court trials are notorious for being long and drawn-out processes. From pre-trial motions to depositions, the entire process can take months or even years. If you are in need of compensation quickly to cover medical bills or other expenses, a trial may not be the best option.
Higher Legal Costs: As previously mentioned, Motorcycle Crash Lawyers often work on a contingency fee basis, but a trial introduces many additional costs. These include filing fees, expert witness fees, and administrative costs, which can significantly increase the total cost of your case.
Uncertainty of Outcome: While a court trial may offer the potential for a higher payout, it is also riskier. A jury could find in favour of the other party, and you may walk away with nothing, or with much less than what you expected.
Stress and Emotional Toll: Trials can be emotionally draining. You may have to relive the trauma of the accident in court, and the length of the process can further worsen the emotional toll.
How to Decide Between a Settlement and a Court Trial
The decision of whether to pursue a settlement or a court trial is highly dependent on the specifics of your case. Some factors to consider include:
Severity of Injuries: If your injuries are severe and life-changing, it may be worth pursuing a trial to ensure you receive a substantial compensation package. A Motorcycle Crash Attorney can help evaluate the potential for future medical expenses, lost wages, and other long-term effects.
Strength of Evidence: If you have solid evidence that clearly demonstrates the other party’s negligence or wrongdoing, it may be worth taking the case to court. On the other hand, if the evidence is unclear or weak, a settlement might be the safer option.
Time Constraints: If you need compensation quickly to pay for medical bills or other expenses, a settlement is usually faster. However, if you can afford to wait and believe you have a strong case, pursuing a court trial might yield a better outcome.
Risk Tolerance: A court trial can be risky. If you are reluctant to take risks and prefer the certainty of a guaranteed payout, settling may be the better option.
Contact Us
Choosing between a motorcycle accident settlement and a court trial is a significant decision that depends on various factors, including the severity of your injuries, the strength of your evidence, and your timeline. At Raymon Law Group, our Motorcycle Accident Lawyers are committed to helping you make the best choice for your circumstances. Whether you are looking for a quick resolution through a settlement or seeking the full accountability of a court trial, we are here to guide you every step of the way.
Call us today at (505) 390-1040 to schedule a consultation with the Best Motorcycle Accident Lawyer in New Mexico. Let us help you secure the compensation you deserve.
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