Dec 27 2015 0

Should I accept a settlement offer for my truck accident?

If you have been involved in a truck accident in which you believe that you were not at fault, you could be entitled to compensation at the expense of the trucking company or party that was at fault. Many people are aware of this, including the trucking company itself. Often, victims have to engage in a long litigation process in order to recover any compensation, but in some instances, truck companies may attempt to settle the matter out of court, actually offering money to the victims upfront.

While you should always weigh your options, there are advantages to settling truck accidents. Many things can make a settlement a good idea, such as:

1. Time and energy saved by avoiding legal proceedings.
2. Guaranteed payout as opposed to possible payout only if the lawsuit is successful.
3. Less animosity and bad blood between parties involved.

Of course, there are disadvantages to such settlements as well. Often, trucking companies offer a much lower amount of money than a victim might otherwise get with a successful lawsuit. Additionally, there are often many legal barriers placed upon a victim in the event of a settlement, including the inability to revisit the case and take further legal action later on, if additional injuries manifest for instance, as well as forgoing the chance to hold the company publicly liable for its actions.

Ultimately, it is impossible to say whether or not a settlement is in your best interests because it all depends on the circumstances of the accident and the extent of your injuries. Your best bet if you have been injured in a truck accident in Oklahoma, is to consult with a personal injury attorney who can better assess the particulars of your case.

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