Most personal injury cases are resolved through a settlement with an insurance company. The settlement provides compensation for the accident victim’s damages and releases the at-fault party from further liability. Once you accept a settlement, you will not be able to seek more compensation from the same party for the same injury even if your injury gets worse or you discover other damages.
However, some exceptions that exist that may allow you to pursue a lawsuit against another party that may be at fault for your injury. Learn more about what happens after accepting a settlement, as well as your potential options for seeking more compensation after settling a personal injury case.
An experienced attorney at our firm is ready to review your situation, answer any questions you may have and determine if you have a valid case in a free initial consultation. We have helped many accident victims and their families seek the maximum compensation possible for their damages over more than 30 years.
Generally, the at-fault party’s insurance company will require the accident victim to sign a liability waiver or release form. This legally binding document states the amount of compensation the victim will receive and states that the at-fault party is free from any further liability for the accident. It also releases the insurance company from liability for any injuries and damages caused by the at-fault party.
If you accept a settlement and sign it, you are giving up your right to take any additional legal action against the at-fault party or the insurance company for damages that resulted from that same accident. If your injury happens to get worse in the future, you will not be able to seek more compensation.
This is why it is important to know the extent of your injuries and damages and how long they may impact your life. If your injuries require ongoing treatment, this can be quite costly. The last thing you want is to have to pay out of pocket for expenses that could have been included in your settlement.
An attorney can help with settlement negotiations and help you understand the terms you are agreeing to. He or she can also help determine how much your case is worth so that you are fairly compensated.
There are certain steps you should take to protect yourself before signing a settlement offer:
Having an attorney by your side with years of experience handling various personal injury cases can help you get a better understanding of the full value of your claim and the damages you may be able to seek.
There are rare situations when you may be able to file a lawsuit after accepting a settlement.
For instance, if the at-fault party’s insurance company was acting in bad faith or committed fraud during settlement negotiations, you may be able to take further legal action. However, it is difficult to prove fraud. You will need a qualified Maryland personal injury attorney to help guide you in these cases.
If multiple parties were responsible for the accident and your injuries, you may be able to take further legal action against another party besides the party you settled with. It is important to note that the other party would only be liable for his or her percentage of fault in the accident.
Additionally, you may be able to take further legal action if the accident was caused by a manufacturer’s negligence. Perhaps you have filed a claim against the at-fault driver but later find out that a defective vehicle part contributed to the accident. You may have a separate claim against the manufacturer.
Our attorneys are experienced settlement negotiators and are ready to help determine what your potential case may be worth. We have helped secure millions in compensation for our clients. The initial consultation is free of charge without any obligation involved.
Contact us today to get started. We charge no upfront fees to take on a case and no fees while we work on a case. We only receive payment for our services if we help you obtain a recovery.
Call 410-401-9979 to learn how we may be able to help.