Many people assume that winning an injury compensation case will simply see them given a large lump sum of cash. The fact is, however, that many legal cases of this kind nowadays may see a structured insurance settlement offered as an alternative to a single cash payout. This may happen as a result of a court case or as a settlement offer made by an insurance company to avoid the case having to go to court in the first place.
How Does a Structured Insurance Settlement Work?
Unlike a standard one-off payment this kind of injury compensation is paid out on a regular basis over time. So, rather than getting a large single payment, the claimant will be offered a regular 'income' or series of payments as an alternative.