When you are hit by a semi truck, you might decide that you are going to seek compensation from the trucker, trucking company and insurance company to recover the damages that you suffered. Many of these cases end with a settlement instead of going to trial. These settlements come with considerations that you have to think about before you agree to the offer provided to you.
One consideration is that if you are seeking compensation to hold the parties accountable, you might not like a condition of most settlement offers. Most truck accident settlement cases include a clause that notes the defendant isn’t admitting liability in the case even though they are settling the case.
Another thing that you might find troubling in these cases is that there is often a clause that requires you to stay quiet about the terms of the settlement. This means that you won’t be able to let anyone know what the final outcome of the case was.
The good points about accepting a settlement in these cases is that the case might be resolved much faster if you are willing to settle. This means that you can get the money that you need faster than if you wait for your case to go through the trial process. This means that you will likely incur fewer costs going through the settlement process.
If for some reason you are unable to settle the case, you are still free to go through trial. This is why it is important to ensure that your case is ready for either resolution method.
Source: FindLaw, “Trucking Accident Settlements: What to Expect,” accessed Feb. 10, 2017