How Much Is A Car Accident Settlement Worth?

How much is a car accident settlement worth? The answer to that will depend on the facts of the case. If you’ve been in a car accident, there are many things you need to know. The first thing you should know is that if you were hurt in a car accident caused by someone else’s negligence, you may be entitled to financial compensation for both your economic and non-economic losses.

Regardless of whether the injuries incurred were minor or severe, the person or entity responsible for the accident is obligated to make the accident victim financially whole again. That being the case, it is important for accident victims to have an idea of how much a car accident settlement is worth prior to reaching any agreements with the responsible party or parties. More on this website

If you or a loved one has questions about the potential value of your car accident settlement, contact one of our skilled car accident attorneys immediately. Call us toll-free or email us as soon as possible to discuss the case.

How Much Is A Car Accident Settlement Worth? Depends On The Strength Of The Liability Claim
In order for a car accident victim to recover monetary compensation for the injuries suffered, he or she must show that the other driver was negligent or careless while operating the motor vehicle. This means that the victim will be required to prove that the other driver failed to use reasonable care, and that failure was what caused the accident that brought about the injuries.

There are a number of driver actions that can constitute negligence, such as:

Tailgating or following too closely
Driving too fast for the road conditions
Disobeying traffic signs and signals
Texting or using a cellphone while driving

Having evidence to demonstrate any of the above actions will be crucial to the case. However, many accident victims don’t know what they should do after a car accident, and their lack of knowledge might cause them to lose valuable pieces of evidence.

The Extent Of Damages Will Be Important To Determining How Much A Car Settlement Is Worth
If liability exists, the only thing left to figure out is how much monetary compensation is appropriate based on the extent of the injuries sustained. Insurance adjusters generally gather various pieces of information regarding the severity of the injuries, the amount of medical care needed, and the overall prognosis prior to making a settlement offer.

Some insurance companies use a special computer program to formulate a settlement offer; however, some insurers may choose to calculate the amount of the accident victim’s medical bills, lost wages, and other accident-related expenses. See this website

Occasionally, insurers will need to consider additional factors. For example, if an accident victim was responsible for taking care of a child or an elderly relative prior to the occurrence of the accident, the accident victim may need to hire a caregiver to manage those responsibilities. This, and several other things, should be taken into account before making a final settlement offer.

If you or a family member has been hurt in a motor vehicle accident and you have concerns about how much your settlement might be worth, allow one of our car accident lawyers to help you. Call us today toll-free or email us to schedule an appointment.