You will deal with emotional distress, insurance payments, and medical bills if you are involved in a car accident. Car accident always seems to happen when no one expects it, and when it does, it leaves victims confused because they have to deal with thoughts they never had before. You can get back any money you have paid out through a car accident settlement, and it can also cover up the cost of replacing your car, psychological trauma, physical pain, and lost wages. People always ask, what is a car accident lawsuit settlement average, and that is what this guide is here to address.
After a car accident, the insurance company’s coverage or that of the driver would cover up for your damages and injuries. If your insurance policy has collision coverage and the accident was your fault, your insurance company would pay a specific amount to get your car fixed. If the cost of repairing your vehicle is higher than the car’s value, then the insurance company would label your automobile as a totaled car. You would end up getting a lump sum based on how much your car is worth at the time of the accident.
If the car accident is the fault of another driver, his insurer will pay for your injuries, damages, and pain and suffering. The sum of money that the insurance company would offer you might be lower than what you expected initially. Getting reimbursed for any money you have paid out is easy, but calculating pain and suffering is problematic. If you work with an experienced car accident lawyer, you will get adequate compensation.
Car Accident Lawsuit Settlement Average
The Reimbursement you get for your medical bills and vehicle repair will be based on the amount you have spent already. However, it is the role of the lawyer to help you calculate pain and suffering. The insurance company would offer you a meager amount as a settlement for pain and suffering, which is how they make their profits. The insurance adjuster that works for the insurer can say you didn’t need the treatment you received, or he might even claim you decided to skip work because he thinks your injury and pain aren’t serious like you claim.
At this point, your lawyer comes in. He will take every necessary step to ensure that your legal rights are fully protected, and you would need to document everything that happens after your accident. If the doctor in charge of your treatment can back up your missed days from work and the treatment you have received, you will get the amount you have spent on medical bills and lost wages.
Calculating Car Accident Settlement
Insurance companies do not have a particular formula for calculating car accident settlement. If your car only suffered damages, then the insurance company would pay you based on your policy limits. You can only receive compensation for pain and suffering when you suffer injuries. For this reason, it is crucial to see a doctor and get examined after a car accident. If you need a rough estimate of what you would get after a car accident, you should go about it this way.;
Add up all of your expenses on lost wages, car repair, and medical bills, then you multiply what you get by three. The figure you have as your answer is what your car accident lawsuit settlement average is. If your injuries are permanent and severe, then your settlement would be higher. You will get another higher pay if the at-fault driver is guilty of driving under the influence. Consulting a lawyer at this point is crucial to winning this case.
It would be beneficial if you moved quickly after being involved in a car accident. Working with a personal injury lawyer can help you get through most processes with ease. You would also get compensated adequately, and you would not get left with thoughts of wondering what you did wrong or right. A lawyer would also help calculate the value of your pain and suffering, making everything easy.