A settlement offer is usually the end of the road for many legal cases. But sometimes this offer is just not enough to cover all the damages you experienced. If you’re considering rejecting a settlement, then you need to read this guide on what can happen next.
Potential Consequences of Settlement Rejection
Below are the main consequences you can expect from rejecting your car insurance settlement offer or any other type of settlement offer.
Proceeding to Trial
When a settlement offer is rejected, the case proceeds to trial. This means both parties will present their evidence, witnesses, and arguments before a judge and/or jury. Trials can be lengthy, emotionally draining, and expensive. The outcome is uncertain and depends on the evidence and the persuasiveness of legal arguments.
Additional Legal Costs
In relation to the last point, going through a trial means you will have to deal with additional costs. Legal fees, court fees, expert witness fees, and other expenses can accumulate rapidly during a trial. If the case doesn’t result in a favorable judgment, the financial burden can be substantial.
Trials take time. They can stretch for months or even years, causing prolonged stress and anxiety for all parties involved.
You Could Lose
Trials carry inherent risks. A judge or jury might rule against you, resulting in no compensation for your damages. To give you the best chance of collecting compensation, you should work with a law firm that has a track record of successfully resolving cases like yours.
Factors To Consider Before Rejecting a Settlement Offer
Considering the possibility of losing the trial, you need to evaluate the following issues with your attorney.
Strength of the Case
Assess the strength of your case objectively. Consider the available evidence, witness testimonies, and legal arguments. Listen to your attorney’s opinions about the strength of your case and what the possible outcomes are. Ultimately, the decision to accept a settlement offer is yours alone, but your attorney can help you better understand your chances of winning a trial.
Evaluate the financial aspects carefully. Calculate the potential costs of a trial, including legal fees, court expenses, and any other associated costs. Compare this with the offered settlement amount to make an informed decision. Also, consider that you could lose the trial, which means you won’t get compensation that can cover some of your expenses.
Every person can handle stress differently, and to some, a trial is exhausting. But if you have a good reason to keep going and have a support system during this time, then the emotional burden can be manageable.
Reasons for Rejecting a Settlement Offer
There are various reasons why you might want to reject a settlement offer. Some of the most common reasons people reject settlement offers include the following:
- Inadequate compensation
- Wanting to hold the other party accountable
- Protecting rights and setting precedents
- Encouraging ethical behavior
- Preserving your dignity and self-respect
Ask an Experienced Lawyer if Rejecting Is Right for You
Rejecting a settlement offer is a very important decision that shouldn’t be taken lightly. The best person to advise you about your claim is a lawyer who has experience successfully handling claims like yours. Morris & Dewett Injury Lawyers has a team full of experienced attorneys who can look at the facts and evidence and help you understand the potential outcomes for your case. And if you decide to go to trial, then we can help you build the strongest case possible. Schedule a consultation today to learn more about your legal options and rights.