If you have been injured in a motor vehicle accident, it is important that you understand the laws which govern your right to collect compensation for these injuries. Below you can learn more about three important facts regarding motor vehicle accident law that all accident victims should know. Taking the time to review these facts will ensure that you are able to move effectively move forward with your accident case.
Fact #1: There Is A Statute Of Limitations On Motor Vehicle Accident Cases
All motor vehicle accident cases have a statute of limitations attached to them. What this means is that if you fail to file a petition in court before the statute of limitations runs out, you will lose your legal right to seek compensation for your injuries. For this reason, it is very important that you do not delay in contacting a motor vehicle accident lawyer regarding your case. Choosing to postpone seeking representation could result in there not being enough time to properly prepare your case before the statute of limitations runs out.
Fact #2: You Have The Right To Take Your Case To Court
Far too often accident victims believe that they have to reach a settlement with the insurance company in order to get compensation for their injuries. Consequently, these individuals will often accept settlement amounts that do not truly reflect the value of their case. This is really quite unfortunate because the truth is, you do have the right to have your case heard in court if you are unable to reach a settlement with the insurance company. If you choose to exercise this right either a judge or jury will make the final decision regarding how much money you are entitled to.
Fact #3: You Only Get One Chance To Settle Your Case
There is no second bite at the apple when it comes to collecting compensation for the injuries you suffered in a motor vehicle accident. As soon as you accept payment for these injuries, you will no longer be legally entitled to more money even if the full extent of your injuries is not discovered until a later date. Consequently, you will always want to make sure that you consult a motor vehicle accident lawyer before accepting any settlement that the insurance company offers. By consulting a legal professional regarding your case, you will be able to minimize the risk that you will ultimately accept a settlement offer that does not accurately reflect what you are owed.
To learn more about motor vehicle accident law, reach out to a law firm near you.