A car accident settlement is typically used to satisfy the needs of the victim involved in the altercation. When the damage resulting from the crash exceeds the initial medical coverage of the insurance company or if there was some level of negligence beyond the normal scope a car accident settlement is typically used to pay for damages to the properties involved and to make reparations for any pain and suffering.
Car Accident Settlements, and the amounts to claim:
Each accident is different and the damages they caused are wide spread. In general terms if you seek a car accident lawyer you will get more money than if you try to settle on your own terms.
$150,000 – was awarded to a young women who had been rear ended by someone that was texting. She claimed bodily damages to her spine in addition to the damages to her car. That $150,000 will go towards medical bills present and future.
$550,000 – was awarded to a man who was hit on the broad side causing severe damage to his lower body. As a result he will be unable to work for the next 12 months, the ca accident settlement amount will go towards lost wages and medical expenses.
$1,200,000 – was awarded a mother who was hit while she was loading her kids into her van in a parking lot by a man crossing between the parking lines. While she was not seriously injured her young child will require physical therapy for a number of years. Because the child is so young it was difficult to determine a set amount as future side affects are not yet known.
Car accident settlements are different and vary based on the circumstances of the incident. The amounts are closely related to the damages suffered, the medical bills moving forward, whether there was gross negligence involved and what type of injuries were sustained. Car accident injury settlement, where the victim was seriously injured will get much more than if the victim was not. A young girl in Utah was rear ended during rush hour traffic and was compensated enough to pay the loan off on the totaled car and make a $5,000 down payment on the new one.
The settlement itself is negotiated with the insurance company which is why it is a car accident insurance settlement, and because the insurance company will be loaded withe legal representation you will need to do the same. It is true that the legal team will not get paid unless you win, so call them for a consultation, but it is also true they get a huge commission. Why does this bother some people? It shouldn’t, you will still end up getting MUCH more in your pocket from the car accident settlement than you would have without legal representation.
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