What is the Difference Between a Verdict and a Settlement in Florida?

If you are entering a personal injury claim, you will want to recognize the differences between a verdict and a settlement. Read on to learn more and reach out to our firm today to speak with a dedicated Tampa personal injury lawyer today. We are on your side.

What is the difference between a verdict and a settlement?

The largest difference between a verdict and a settlement is that a verdict is determined in court and a settlement is an arrangement between the plaintiff and defendant outside of court. In most cases, personal injury lawyers work hard to negotiate a fair settlement for their clients because it is generally in everyone’s best interest to avoid a trial. When a fair settlement cannot be attained, personal injury attorneys will represent their clients in court to fight for a judgment by trial. If you would like to learn more about the best way to resolve your personal injury matter, give our firm a call today. Our legal team is on your side no matter what you are facing.

What is a fair settlement?

A fair settlement protects all economic and non-economic losses related to the accident. It is very critical to confer with a personal injury attorney before taking a settlement offer or trying to negotiate with the at-fault insurance adjuster. An attorney has the ability to assess the true worth of your claim and review your legal privileges. Insurance companies rely on the fact that most people have no concept of what their claim is worth so they can offer them the smallest settlement possible, or even abandon their claim entirely. Reach out to our firm today if you have additional questions or concerns about fair settlements in Florida.

What compensation can be obtained from a verdict and a settlement?

Even though each personal injury claim is different and will have a clear list of damages, it is anticipated that the compensation awarded in verdicts and settlements will be similar. Here are some common examples of recoverable compensation:

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

By hiring the services of a skilled personal injury attorney, he or she will be able to assess the value of each damage to correspond to the general value of a claim. Our legal team is here to help no matter what you are facing. All you have to do is give us a call to get started.

Contact Our Firm

For a skilled Tampa personal injury lawyer you can trust, contact The Frank Santini Law Firm today for a free initial consultation.