An auto accident can cause damage in various ways. As such, if you’ve recently been involved in a collision, you may be understandably overwhelmed in its aftermath. You may be recovering from physical injuries and emotional trauma, and you may also find yourself weighed down by multiple medical bills. And, if you cannot work due to your injuries, you also have to contend with the loss of a paycheck.
Waiting for compensation can be a long, emotionally draining process. Insurance claims, legal procedures and negotiations can drag on, further exacerbating your stress and financial strain. Mediation may help you to settle your claim more quickly.
A potentially more efficient method of resolution
Mediation is an alternative dispute resolution method wherein a neutral third party works with disputing parties to find a mutually satisfying agreement. One of the primary benefits of mediation is its speed and efficiency in resolving disputes.
Court cases can drag on due to crowded dockets and scheduling difficulties, often taking months or even years to reach a resolution. Mediation typically occurs more quickly. It can be scheduled soon after a dispute arises. Scheduling is more flexible, so both parties only need to agree on a convenient time and place for the mediation. Furthermore, they are actively involved in the negotiation process and can work together to find a solution; settlements can often be reached within days.
In addition to saving time, mediation can also save money. Litigation can be expensive as it requires legal fees, court expenses, etc. On the other hand, mediation requires fewer resources, and neither party bears the burden of a lengthy legal battle.
Mediation may not be the right choice for every auto accident claim. Still, it offers multiple benefits that can expedite the process and provide compensation to relieve your financial burdens if your circumstances are a good fit for this process.