Uncover Hidden Factors Increasing Your Settlement Value Over Time
Video Transcript
Settlement value often rises after a lawsuit is filed, commonly by thousands to tens of thousands of dollars depending on liability, damages, and insurance limits. Litigation adds leverage through discovery, expert support, and trial risk that can move insurers off low pre-suit offers. This article explains the key factors that make settlements increase over time and when that leverage matters most.
Ray Hrdlicka – Host – Attorneys.Media
“Does it change significantly?”
Spencer Freeman – Criminal Defense Attorney – Pierce County, WA
“My experience is yes.”
Ray Hrdlicka – Host – Attorneys.Media
“Well, now I’ve got to ask. Does it go up 10% or 20% or…?”
Spencer Freeman – Criminal Defense Attorney – Pierce County, WA
“I don’t want to be able to put a percentage on it. Understand, I filed a case because the pre-litigation offers were too low. So, the goal of filing the case is to get an increase. And the goal of the insurance company on the other side is to keep as much money as they can.
Ray Hrdlicka – Host – Attorneys.Media
“Of course.”
Spencer Freeman – Criminal Defense Attorney – Pierce County, WA
“Every case is substantially different. Some cases, we’re going to get, very quickly, after filing, those settlement numbers up to where we want them.”