What is the difference between a verdict and a settlement?

What is the difference between a verdict and a settlement?

You will want to recognize the differences between a verdict and a settlement before entering a personal injury claim. Read on to learn more and reach out to our firm to speak with one of our skilled Pennsylvania personal injury attorneys. Our legal team is on your side.

How are a verdict and settlement different from each other?

The largest difference between a verdict and a settlement is that a verdict is decided in court and a settlement is an agreement between the plaintiff and defendant that occurs outside of court. In most cases, personal injury lawyers work to arrange a fair settlement for their clients because it is typically in everyone’s favor to avoid a trial. In the event that a fair settlement cannot be attained, personal injury attorneys will represent their clients in court to fight for a decision by trial. Our legal team at Friedman Schuman is on your side and is prepared to help you through whatever resolution method you choose. Give us a call today to get started.

What is a fair settlement?

A fair settlement protects all economic and non-economic burdens sustained as a result of the accident. It is very crucial to speak with a personal injury attorney prior to accepting a settlement offer or trying to negotiate with the at-fault insurance adjuster. An attorney has the power to assess the true value of your claim and apply your legal rights. It is important to note that insurance companies depend on the fact that most people have no concept of what their claim is worth so they can give them the smallest settlement possible, or even reject their claim altogether. Reach out to our firm today to learn more about fair settlements.

What damages can be collected from a verdict or settlement?

Even though every personal injury claim is different and will possess a detailed list of damages, it is likely that the compensation awarded in verdicts and settlements will be the same. Here are some typical examples of damages:

Economic damages:
• Past and future medical bills
• Lost wages
• Reduced or lost earning ability
• Repair or replacement of damaged property
• Lifecare expenses

Non-economic damages:
• Pain and suffering
• Physical impairment
• Disability and disfigurement
• Loss of companionship
• Emotional distress

A personal injury attorney will evaluate the importance of each damage to obtain the general value of a claim. Our legal team is here to help. Give us a call today to get started.

CONTACT OUR EXPERIENCED PENNSYLVANIA FIRM

Friedman Schuman is an experienced and dedicated legal resource for clients throughout Pennsylvania. We proudly serve clients facing a wide range of legal matters. If you require the services of an effective attorney, please contact Friedman Schuman today to schedule a consultation.

News & Resources
How to update a will in Pennsylvania

Removing the old will and creating a new one will decrease the chance of any confusion that could come from having an…

Read more
Common myths related to personal injury claims in Pennsylvania

Contrary to popular belief, even if you just have a few bumps and bruises, you should still file a claim to obtain…

Read more
Friedman Schuman - Personal Injury, Medical Malpractice, Real Estate, Corporate & Business Law, Financial Services, Wills, Trusts & Estates
Contact Friedman Schuman!
  • This field is for validation purposes and should be left unchanged.