No Fee Unless We Win
(215) 866-2424

How Verdicts Help to Define Settlement Values

When personal injury cases are filed, there are multiple ways in which they can be handled in order to help the victim seek compensation. The two most common ways are settlements and verdicts. Understanding the difference between these two and how they impact each other is important. Our Philadelphia personal injury attorneys help our clients understand their options before moving forward.

Verdicts vs. Settlements

When someone sustains an injury, the compensation is often sought from the liable party’s insurance company. The company may offer the victim a settlement offer in lieu of forfeiting the right to file a lawsuit. They may attempt to get the victim agree to the settlement as it may be lower than the amount the victim may receive as a verdict.

A verdict means the personal injury case has gone to trial and the victim has proven that the defendant is liable for the injuries sustained. A verdict comes from a trial setting during which the plaintiff and his or her legal team has a chance to bring about evidence, often showing the reckless behavior and whether or not it was intentional. This may incite a higher amount ordered to the victim than a settlement would be.

How Verdicts Influence Settlements

It isn’t always the case, but there are some instances in which the insurance company may use similar case types and the resulting verdicts to determine the amount they would like to offer an injury victim. While it may not be exactly equal in value, it may be closer than it would have been is there were no previous similar instances. The more verdicts there are regarding specific case types, the more basis the insurance company will have for offering a settlement that may deemed fair.

At The Beasley Firm, it is our ultimate goal to help our clients seek the maximum compensation available to them. We understand that this is one of the most difficult times in our clients’ lives and we go the extra mile towards reaching the favorable outcomes our clients deserve. Trust that our Philadelphia personal injury lawyers are here for you.

Contact us today!

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable personal injury resources.
Get in Touch with Our Team Today
Contact us today by filling out the form below
or call us at (215) 866-2424 to speak with an attorney today.

Over $2 Billion Won
for Our Clients
(215) 866-2424
Philadelphia Office
The Beasley Building
1125 Walnut Street
Philadelphia, PA 19107
Chester County Office
10 Lindbergh Boulevard
Coatesville, PA 19320
New Jersey Office
1949 Berlin Road
Suite 100
Cherry Hill, NJ 08003
Centre County Office
375 Trout Road
State College, PA 16801
Follow Us

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

Created By:

magnifierchevron-down