How Much Should Your Car Accident Settlement Would Be?

Did you sustain injuries in a car crash caused by someone else? If so, you could get compensation for these injuries and other losses from the responsible driver or their insurer. Often, securing compensation requires an attorney to file an insurance claim on your behalf and negotiate a fair settlement. However, how much could you ask for in a settlement? You want to make sure this settlement covers all of your losses, both current and future. 

To figure out how much you must ask for in a car accident settlement, you must thoroughly review your damages and evaluate the impacts of your injuries on your life as you move on. During your legal consultation with a lawyer, you get a free case evaluation to determine if you have a case. If so, your attorney will identify the amount of compensation. But different factors can influence the kinds and amounts of monetary compensation you could secure. Thus, you need a lawyer to review your claim and give you appropriate advice.

What are Car Accident Settlements?

Before you consider the amount to demand from the insurance company, you must understand what a car accident settlement is. A settlement is the amount an insurance company can pay to resolve your case as well as all legal issues between you and the at-fault party. 

The settlement process starts when your attorney submits your claim to the at-fault party’s insurance provider. Your lawyer will give a detailed list of the injuries you sustained and medical costs, together with other damages. They will come up with a dollar amount that can settle your claim and stop further legal actions from you. If the insurance company refuses to make a fair settlement, your lawyer can either negotiate a bigger amount or sue for the compensation you deserve in court. 

When you decide to settle your case out of court, you will be asked to sign an agreement that indicates you give up your rights to further compensation. Thus, you must have a lawyer evaluate your claim first before you accept any offer from the insurer. 

What Your Settlement Must Cover

Your car accident settlement must cover the expenses and losses related to your accident injuries. Your lawyer will take into account your medical expenses, property damage, lost income, pain and suffering, emotional distress, and other expenses when figuring out a compensation amount. Then, they will not settle for less than you deserve.