In personal injury cases in New Jersey, a resolution could come via a verdict or a settlement. If you're reading this, you're likely unsure what the difference between the two are and are looking for answers. We will explain how both a verdict and settlement differ, which one is better, and how to know which one you should accept.
Remember, if you are uncertain about the route you should take in a New Jersey personal injury case, consulting with a New Jersey personal injury attorney like Brandon J. Broderick can be extremely valuable to the decision you chose to make. At the very least, contact us for advice before you make any major decisions.
How Does a Settlement Differ From a Verdict?
A court's decision or judgment is known as a verdict. Following a trial, a judge or jury will be the deciding factor in rendering a verdict in the case. A settlement, on the other hand, is an amicable, legally binding resolution that is reached between two parties without the involvement of the court. Sometimes a settlement is reached between two parties before a lawsuit has even begun. In other situations, however, a settlement deal is reached between the parties after the injured party has officially filed a lawsuit.
Both are legally binding, but a verdict is generally made public while the specifics of a settlement can be more private, allowing both parties to maintain some privacy in the matter.
Which One Is Better: a Verdict or a Settlement?
Whether one is better than the other relies on the specific circumstances surrounding your personal injury case. However, a solid personal injury claim may allow the injured party to seek and be awarded more money in a verdict that went to trial than it would if both sides settled.
While an insurance company would likely argue aggressively to reduce the amount they pay out, a jury may be more sensitive to your pain and suffering in their decision and award you a more fair compensation. However, with an out-of-court settlement, the process of recovering damages is often expedited, as opposed to waiting months or even years if you go to court and trial. A long-drawn out battle in court can be costly and greatly impact what you get at the end.
Both of these options have their pros and cons.
Should I Accept a Settlement or Pursue a Verdict?
If you hire a personal injury attorney, they will be the most knowledgeable about your case and have a legal understanding surrounding a wide array of injury cases, whether it is a car accident claim or slip and fall case. A New Jersey attorney will recommend the appropriate course of action based on the evidence and other details regarding your claim. However, it's up to you to make the ultimate decision about how to proceed.
If your attorney determines that a settlement offer is sufficient to cover all of your damages, accepting the offer may be recommended. However, if the insurance company refuses to settle for a reasonable amount, you may be advised to pursue a court judgment.
Get Advice in Your Personal Injury Case From Brandon J. Broderick
If you were hurt and are considering legal recourse, Brandon J. Broderick, Attorney At Law's team of seasoned personal injury attorneys can help. Discuss your case with us in a free consultation with no-obligation to retain our services. Allow us to earn your trust and business. Our goal is 100% client satisfaction.
Our clientele consists of individuals and businesses from all walks of life, spanning throughout New Jersey, with offices in River Edge, Cherry Hill, Paterson, Jersey City, and Trenton, among others. We also serve the people of New York, Connecticut and the entire Tri-State.