Q What is the difference between a settlement and a verdict?
In a personal injury case, a settlement occurs when the injured party (plaintiff) and the insurance company of the person who caused the accident (defendant) come to an agreement on a dollar amount as compensation for injuries in return for resolving the case before it is heard in court. A settlement offer can be accepted before a trial date is set or right up to the date of trial. An experienced Virginia personal injury attorney will be able to counsel you on the pros and cons of settling with regards to the detials of your specific injury case.
A verdict, on the other hand, is a decision made by the jury, either in facor of the plaintiff or in favor of the defense. A decision favorable to the palintiff in a Charlottesville automobile accident case would most likely take the form of "judgment for the plaintiff int he amount of $_____.__" with the dollar amount being the lump sum compensation for injuries that the defendant's insurance company now owes the plaintiff. In facor of the defense would take the simple form of "judgment for the defendant" in which no money is owed.