What Are the Differences Between a Verdict and a Settlement?

Prior to filing a personal injury claim in South Carolina, you may want to recognize the key differences between a verdict and a settlement. Read on to learn more and reach out to our firm to speak with a dedicated and experienced Columbia personal injury lawyer.

How are a verdict and settlement different from each other?

One of the biggest differences between a verdict and a settlement is that a verdict is determined in court and a settlement is an agreement between the plaintiff and defendant that happens outside of court. In most instances, personal injury lawyers work to negotiate a fair settlement for their clients as avoiding a trial is usually everyone’s preference. In the event that a fair settlement cannot be reached, personal injury attorneys will represent their clients in court to battle for a decision by trial. Our legal team at ready to help you with whatever you are facing and whichever method you choose. Contact us today to get started.

What is a fair settlement?

A fair settlement covers all economic and non-economic burdens maintained because of the accident. It is very important to speak with a personal injury attorney before accepting a settlement offer or trying to negotiate with the at-fault insurance adjuster. An attorney has the ability to evaluate the actual value of your claim and apply your legal rights. It is essential to mention that insurance companies rely on the fact that most people have no idea what their claim is worth so they can give them the smallest settlement possible, or even deny their claim entirely. To learn more about fair settlements, give us a call today.

What damages can be collected from a verdict or settlement?

While each personal injury claim is different and will contain a detailed list of damages, it is possible that the compensation granted in verdicts and settlements will be similar. Here are some common examples of recoverable compensation:

Economic damages:
• Past and future medical bills
• Lost wages
• Reduced or lost earning ability
• Repair or replacement of damaged property
• Lifecare expenses

Non-economic damages:
• Pain and suffering
• Physical impairment
• Disability and disfigurement
• Loss of companionship
• Emotional distress

A personal injury attorney will consider the importance of each damage to acquire the general value of a claim. Our legal team is on your side. Give us a call today to begin your claims process.

Contact Our Experienced South Carolina Firm

If you require legal representation for matters of personal injury, elder abuse, or whistleblower protection, look no further than Mann Blake & Jackson Law. To discover more about our services and how we can assist you, contact our firm today.