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Car wrecks are serious matters that demand immediate attention. For some victims of these crashes, the need to seek compensation is pressing. Sometimes, it is possible that the victim will be able to work out a settlement with the defendant. This is often a faster option that will help the person to get the money they need sooner.

A settlement isn't immediate and the person who suffered the injury should be prepared to negotiate. It normally isn't advisable to accept the first offer that the person responsible for the crash makes. There are some important points to know about settlements in these cases.

How does the process start?

The process of working out a settlement starts with a demand letter. This outlines your stance and provides the defendant with what you want in order to settle the matter without any further legal action. The demand letter often doesn't get you a settlement right away.

Why is there a negotiation?

There is a chance that you will have to go through a negotiation process to receive compensation for the car wreck. This gives you and the other side a chance to try to settle matters without having to go through a trial.

Skilled lawyers are likely going to handle the process for the defendant, so you need to have your lawyer take care of your side. It is best to start higher than what you need to walk away with so that you have some wiggle room.

Before you formally agree to a settlement, be sure that you understand the terms. You might not be allowed to discuss the terms and the other side might not have to admit fault. You won't be able to seek more money later. Take the time to go through this thoroughly so you don't do anything against the terms.

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Keogh Crispi

521 Fifth Avenue, Suite 1740
New York, NY 10175

Phone: 212-518-2417
Fax: 212-818-0180
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