When you face a motor vehicle accident (MVA) claim in New York, you have two main options: settling out of court or going to trial. Each choice has advantages and challenges; understanding these can help you make an informed decision.
Benefits of settling
Settling your MVA case out of court can offer several benefits:
- Less time-consuming: Settlements typically resolve faster than trials, allowing you to receive compensation sooner.
- Lower costs: Settling can reduce legal fees and court costs, saving you money.
- Predictable outcomes: Settlements provide more certainty as you agree on the compensation amount with the other party.
- Privacy: Settlement agreements are usually confidential, keeping the details of your case private.
These benefits make settling an attractive option for many accident victims.
Benefits of going to trial
However, going to trial can also have significant advantages:
- Potential for higher compensation: Trials can result in more significant awards if the jury sides with you.
- Public record: A trial verdict becomes part of the public record, which can be important for setting a legal precedent.
- Holding the other party accountable: Trials can provide a sense of justice by holding the at-fault party publicly accountable.
While trials come with risks, they can be worthwhile if you seek higher compensation or public accountability.
Making the decision
Deciding whether to settle or go to trial depends on your specific circumstances. Consider the following factors:
- Strength of your case: A trial might benefit more if you have strong evidence and a compelling case.
- Financial needs: Settling might be better if you need compensation quickly.
- Risk tolerance: Trials are unpredictable and can be stressful. Consider your comfort level with uncertainty.
Discuss these factors with your lawyer to determine your situation’s best action.
Both settling and going to trial have pros and cons. By understanding these options and consulting with your attorney, you can make the best decision for your MVA case in New York. Consulting a lawyer will help you protect your rights and help you secure the compensation you deserve.