Not long ago, this Maryland-based personal injury blog published a post on settlements for medical malpractice cases. Before an Annapolis victim accepts a medical malpractice settlement, they must be sure that the amount offered is sufficient to meet their needs and cover their losses. Similar considerations should be made when a motor vehicle accident victim is offered a settlement following a collision.
What is a settlement?
Settlements are important agreements that exist in different areas of the law. In the personal injury field, a settlement may be an efficient way for a victim to be compensated for their losses after suffering damages due to another party’s actions. Generally, a settlement keeps a legal claim out of court and provides a victim with an agreed upon amount of money. In exchange for the receipt of their settlement money, the victim must give up their future right to sue the responsible party for their accident-related claims.