How Are a Verdict and a Settlement Different from Each Other?

Before entering a personal injury claim, you will want to recognize the differences between a settlement and a verdict. Read on to learn more and reach out to our skilled Buffalo, New York personal injury attorney. We are committed to ensuring you obtain the compensation you need to heal.

What is the difference between a verdict and a settlement?

The main distinction between a verdict and a settlement is that a verdict is decided in court and a settlement is an agreement between the plaintiff and defendant outside of court. Most of the time, personal injury lawyers work hard to arrange a fair settlement for their clients because it is typically in everyone’s best interest to evade a trial. When a fair settlement cannot be reached, personal injury attorneys will represent their clients in court to battle for a decision by trial. Give our firm a call today to learn more about how we can best help you resolve your personal injury matter. We are on your side.

What is a fair settlement?

A fair settlement covers all economic and non-economic losses connected to the accident. It is very important to consult with a personal injury attorney before taking a settlement offer or trying to negotiate with the at-fault insurance adjuster. An attorney has the power to estimate the real value of your claim and inspect your legal rights. Insurance companies depend on the fact that most people have no conception of what their claim is worth so they can offer them the smallest settlement possible, or even reject their claim altogether.

What compensation can be obtained from a verdict and a settlement?

Even though each personal injury claim is different and will have a detailed list of damages, it is expected for the compensation awarded in verdicts and settlements to be similar. Here are some typical 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

If you retain the services of an experienced personal injury attorney, he or she will be able to estimate the value of each damage to match the general value of a claim. Our legal team is on your side. All you have to do is give us a call.

Contact Our Experienced New York Firm

If you require legal representation for matters of personal injury in New York, look no further than Ramos & Ramos. Whether you were injured in an auto accident, a slip and fall, or under any other circumstances, our firm is on your side. To learn more about our team and how we can assist you, contact us today.