When you settle a personal injury case, you may feel relieved to finally have some closure. However, what happens if you realize later that the settlement wasn’t enough to cover your expenses?
Once you settle a personal injury case in Louisiana, reopening it is generally not possible. Upon settlement, you sign a release of liability, forfeiting the right to pursue further compensation. Therefore, it’s crucial to consult with a Louisiana personal injury lawyer to fully assess your current and future expenses before agreeing to a settlement.
What Happens When You Settle a Personal Injury Case?
When you accept a settlement, you typically sign a document called a release of liability. This release states that you give up the right to pursue additional compensation related to the accident. Insurance companies and at-fault parties rely on these agreements to avoid further claims.
Because this document is legally binding, it’s very difficult—if not impossible—to reopen a case after signing it, even if new injuries or expenses arise later.
Why You Should Think Carefully Before Settling
Settlements are meant to account for all of your accident-related losses, including medical bills, lost wages, pain and suffering, and any future costs. If you accept an offer without fully understanding the long-term financial impact, you could find yourself struggling to cover unexpected expenses later.
For example, if your injuries require ongoing medical treatment or limit your ability to work in the future, the settlement amount might not be enough. Once the settlement is finalized, though, you’re usually on your own to deal with these costs.
The Role of a Lawyer in Protecting Your Future
A personal injury lawyer can help you evaluate any settlement offer to make sure it covers everything you’ll need—now and in the future. Insurance companies may push you to settle quickly, often for less than you deserve. An experienced attorney knows how to calculate the full value of your case and negotiate for fair compensation.
In some cases, a lawyer can also help you identify additional sources of compensation, such as underinsured motorist coverage or claims against multiple at-fault parties. These options can make a big difference in your financial recovery.
When Reopening a Case May Be Possible
While reopening a case after settlement is rare, there are a few limited exceptions. For example, if you can prove that the settlement was based on fraud or a mistake, a court might allow you to revisit the agreement. These situations are complicated and require legal advice.
Final Thoughts
Before accepting a settlement, take the time to fully understand what you’re agreeing to and know all of the facts before determining if a settlement offer is fair. A lawyer can guide you through this process and help ensure that your settlement covers all your current and future needs. Once a case is settled, it’s often final, so it’s important to get it right the first time.
If you’re unsure whether to settle or have questions about your case, consider speaking with a personal injury attorney. It’s better to ask questions now than face financial hardship later.
Considering a settlement for your personal injury case in Louisiana? Before you decide, speak with our experienced legal team at 985-240-9773 to ensure you’re getting the full compensation you deserve. Schedule your free consultation today!
