How Much More Can You Get From a Car Accident Settlement If You Use a Personal Injury Attorney?
If you’ve been in a car accident, you’ve probably wondered how much more money you can receive. Unfortunately, the amount of money you can expect from a car accident settlement is more dependent on your specific situation than you might think. This is because the insurance industry has no set formula for determining the average amount of money you can expect to receive from a car accident claim.
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The first thing you should do is determine how severe your injuries are. This is important because a minor fender bender may not be as significant as a serious injury, such as broken bones or whiplash. You will also want to factor in lost wages, medical expenses, and property damage. These costs can add up quickly, especially if you weren’t able to work at the time of the crash.
A good personal injury attorney can help you navigate the pitfalls of car accident claims. Many attorneys will offer an estimate of how much money your case might be worth. However, you won’t know how much you can expect until you meet with them in person. When you do, be sure to ask for a rough estimate before accepting any settlement offers.
A good car accident lawyer will not only protect your rights but will also know which insurance companies to approach and what insurance claims to look for. If the other driver’s insurance company is unwilling to pay up, you might have to go to court, and you’ll want to avoid that scenario. Getting a settlement for an auto accident can help you make up for the physical trauma and emotional trauma of the incident.
Choosing the right attorney to help you settle your claim can mean the difference between a payout and no payout at all. Your attorney will use several techniques to secure the most compensation possible, including investigating possible sources of liability, obtaining eyewitness testimony, and leveraging their connections with the insurance industry.
The most expensive car accident settlement is usually reserved for accidents involving life-altering injuries. Likewise, the smallest and most modest award can come from a case where the other party is at fault but the injured victim has a health claim. Insurance companies will usually only pay up to a point. They are likely to use formulas to determine a claim’s value.
An average car accident settlement is typically two or three times your medical bills. Many insurance providers won’t even consider future expenses when calculating the value of a settlement. That’s a major reason why you should always opt for the best personal injury lawyer.
Fortunately, the insurance industry does not make settling a car accident claim easy. As a result, you should be able to collect a lump sum payout after a short wait. Be sure to seek the assistance of an experienced personal injury attorney to ensure your settlement pays for all of the damages you’ve suffered.
Using a car accident settlement calculator is a good way to figure out how much more money you can expect to receive. The Stoy Law Group has developed a calculator to help you figure out what you might be entitled to under the law.