When you’re in an accident, it’s always a good idea to know how much your injury settlement will be worth. But the way settlements are determined is complicated and different in every case. So you might want to call Silberstein, Awad & Miklos, P.C. after a car accident to see the average value of your injury settlement.
What Is The Average Settlement For a Car Accident with Injury?
The average pay for an injury car crash is approximately $26,000. This figure takes into account both car and liability insurance costs. Additionally, other factors go into the overall settlement amount, such as the severity of injuries and aggravating factors. Knowing how much your case will settle for could help you decide how financially sound your claim should be before getting a lawyer involved.
The severity of injuries sustained is one of the most major factors in determining how much the case will end. The higher the cost and more severe the injuries, the more likely it will be to have a higher settlement amount. As a result, your lawyer may want to request or demand a higher settlement as an incentive for you to pursue a claim as aggressively as they would.
What to Expect for Your Car Accident Settlement
When determining what kind of car accident settlement you need, you need to look at several factors. These factors include the following.
Severity of Injuries
One important factor is how severely you were injured as a result of the accident. This can affect not just your settlement amount but also your ability to return to work and, in some cases, might have an impact on whether or not you can ever fully recover from your injuries. So, if this is an issue for you, then it’s imperative that you consult with a personal injury lawyer before entering into any settlement negotiations with anyone else.
The Financial Losses
While your injuries are the most important issue to consider, you shouldn’t forget about other financial losses that you have suffered due to the accident. For example, did it prevent you from being able to make it to work on time? If so, then the fact that you lost wages and might not be able to return to your old job means that, more than likely, you’ll be entitled to compensation for those losses.
What Insurance Policies are in Place
If either you or the person who caused the accident has a car insurance policy in place, then those policies will play during any settlement negotiations between you and the other driver’s insurance company. For example, many insurance policies include stipulations that require the insurance company to pay for certain medical expenses and certain other financial losses. So, you must consult an injury lawyer who will want to make sure that your insurer fulfills its obligations under the insurance policy before you take any money from the other driver’s insurer.
How Obvious it is that the Other Side is at Fault
If it is pretty clear that you were injured due to someone else’s negligence or recklessness, then it’s usually going to be easy for your injury lawyer to get a good settlement for you. However, if the other driver is denying that the accident was their fault or if they are claiming that you caused it, then your lawyer may have a more challenging time securing a satisfactory settlement for you.
The Laws in your state
It’s also necessary to know how the laws in your state affect your car accident settlement. For example, some states have laws that require medical bills to be paid by the person whose negligence caused your injuries. But those laws tend to vary state by state and sometimes change from time to time. So you must consult and check on how much people are required to pay before they settle with the other driver.
What Is a Fair Settlement for a Car Accident?
A fair settlement means that the money offered in resolving the case is sufficient to cover your medical bills and your lost wages if you cannot return to your normal ways of earning a living.
With all these things considered, you can estimate how much your accident settlement will be worth. Moreso a good injury attorney will help you comprehend and navigate the legal system quicker while making sure that you have not been deprived of what you rightfully deserve.