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What is a Settlement Agreement in an Explosion Accident Case?

Posted on August 9, 2021 in

Explosions can lead to severe injuries for those involved. Often, explosion accident victims suffer from a range of short and long-term disabilities. Unfortunately, these victims often have to fight to recover the compensation they need through the insurance settlement. Here, we want to discuss what a settlement agreement is after an explosion accident case. We strongly encourage explosion accident victims to work with a skilled explosion accident attorney in Houston who can handle every aspect of their claim and help ensure that they recovered the compensation they are entitled to.

What is a Settlement Agreement?

A settlement agreement for a personal injury case is a legally binding contract between an injury victim and the person or insurance carrier they have a claim against. Settlement agreements for explosion cases typically result in the injury victim receiving compensation for their:

  • Medical bills
  • Physical therapy and rehabilitation
  • Medical devices and prescription medications
  • General household out-of-pocket expenses
  • Property damage expenses
  • Lost income
  • Pain and suffering damages
  • Loss of enjoyment of life damages

There is no set amount of money paid to explosion accident victims. Rather, the total amount of compensation awarded will vary depending on the facts and circumstances surrounding each particular explosion accident claim. Some factors that can affect the total settlement amount include the severity of the injuries or property damage, how long it takes the victim to recover, the level of the victim’s pain and suffering, and more.

For an explosion accident case, the settlement agreement will also come with a general release which the injury victim will have to sign in order to waive their right to make any future claims related to the explosion case and their injuries.

Does a Settlement Come Before or After an Explosion Accident Lawsuit Gets Filed?

The vast majority of explosion accident cases will be resolved through settlements with insurance carriers. This may include settlements with workers’ compensation insurance carriers or the insurance carrier of the at-fault party. In most situations, a settlement will be made before a personal injury lawsuit is filed in civil court. However, it can take some time for back and forth negotiations to occur between the injury victim and the other parties involved.

However, if the at-fault party and their insurance carriers are not forthcoming and refuse to offer a fair settlement, it may be necessary for the injury victim to file a personal injury lawsuit. Even after a lawsuit is filed in civil court, this does not mean that the case will go all the way to trial. Most explosion claims will still be resolved through an eventual settlement. In some cases, this may involve mediation between the injury victim and their attorney and the at-fault party and their legal team.

Contact a Skilled Explosion Accident Attorney Immediately

If you or somebody you love has been injured in an explosion accident, you need to work with a skilled attorney as soon as possible. At the Doan Law Firm, we have extensive experience handling complex explosion accident cases throughout the United States. Let us help you obtain the settlement or jury verdict you need to recover compensation for your medical bills, lost income, out-of-pocket expenses, pain and suffering losses, and more. When you need an explosion accident attorney, you can contact us for a free consultation of your case by clicking here or calling 800-349-0000.