Even with less traffic because of stay at home orders, the fact remains that accidents still happen. Even when the COVID-19 pandemic seems to have overshadowed all other public concerns, there are still other problems that happen and these problems still need to be addressed. One of the worst impacts of the pandemic comes in the form of a massive financial drop. As we all know, the economy is still trying to recover from the effects of the pandemic, which is why most households try to save as much money as they can.
Car accidents are dangerous, not just for their immediate damage, but more so because of their long-term effects that will not only drain a victim of resources, but may also adversely affect that person’s quality of life. With this in mind, it’s easy to see why one might want to file a car accident lawsuit as soon as they can. Under normal circumstances, it would definitely make sense to seek legal help if you’re unable to come to terms with the other party. However, because these are financially-difficult times, we are faced with a different set of variables that will ultimately change the practicality of filing a lawsuit. So, what exactly are these factors?
Your Lawyer’s Opinion
This should always be the first point of reference whenever we deal with legal matters. Lawyers have extensive legal training and they also have the foresight to accurately determine whether a lawsuit is the right course of action. Car accident lawyers, like the ones at the Jon Groth law firm, specialize in these types of cases.
Now, for the sake of providing useful information, the following are the most common factors that determine whether a lawsuit is the best course of action:
The main point of filing a lawsuit is to get awarded damages for injuries sustained. Thus, it follows that if a case is worth significantly more than what the insurer of the other party is offering, then a lawsuit may be necessary to recover an appropriate settlement.
However, it’s important to note that injury claims do not have a specific value; instead, they have a range of values.
The Stakes At Play
The degree of your injuries will also determine whether it is urgent to file a lawsuit. If your injuries adversely impact your ability to sustain yourself financially or if these injuries hinder you from performing vital functions and actions, or you need long-term care because of a new disability then a lawsuit is likely worth the hassle, even during the pandemic.
For less serious injuries, you might want to put it on hold, especially when you consider that the general statute of limitations period for personal injury cases is three years from the date of the accident. Surely this pandemic won’t last that long because vaccine developments are underway and the economy is recovering, albeit painfully slowly.
Whichever the case is, the key takeaway here is that it’s important to consult a trusted lawyer first before doing anything drastic. Their foresight, training, and experience are well worth the cost, but the question is if you can spare the resources to handle these costs without bringing yourself to financial ruin.