There were 4.8 million medical consultations due to car accident injuries in 2020. Injuries from car accidents cost billions in lost wages, medical bills, and damages.
Those that got injured in a car accident can file a lawsuit against the person at fault. That person’s insurance company pays a settlement to cover the expenses.
Before you start dreaming of a multi-million dollar settlement, you need to know what to expect from a car accident settlement.
Not knowing how a car accident settlement works is the fastest way to get in financial trouble. Fortunately, you’re in the perfect place to learn more about car accident settlements.
Read on to learn how they work and why you don’t want to handle a settlement on your own.
Get a Car Accident Lawyer
Do you really need a car accident attorney? Even if you have a clear-cut case against someone, you need to have a car accident lawyer handle your settlement.
That’s because they understand your legal rights better than you do. An insurance company is likely to lowball a settlement offer.
You might think that’s enough to cover the bills, so you take it. It turns out that you’re entitled to much more than that. A good lawyer knows that and will continue to fight rather than just accept the first offer.
These tips for car accidents show you how to find a top car accident attorney.
You might be concerned about the cost to hire a personal injury lawyer. Most of them work on a contingency basis, meaning that they get paid when they win a settlement. They charge between 25% and 50% of the settlement.
What Does a Car Accident Settlement Cover?
A car accident settlement covers medical bills, lost wages, and damages. Damages cover things like emotional trauma, mental injuries, as well as physical damages.
There are a few factors that determine the amount of the car accident settlement. The laws of the state where the accident took place are one of them.
The severity of the car accident injuries is another factor. The conditions of the accident, or if another driver was at fault determine the outcome of the case.
The driver that caused the accident needs to have adequate insurance coverage to pay the settlement claim.
It’s important to document everything related to the accident. When you first meet with a car accident lawyer, they’ll want to see your income statements, medical bills, and police reports.
How Long Does the Process Take?
Are you going to get a car accident settlement check right away? Don’t count on it. Most settlement cases take anywhere between six and 18 months.
There are some cases that go to trial, which can make the process more expensive and longer.
What to Expect From a Car Accident Settlement
Once you know what to expect from a car accident settlement, it’s easy to see why most people hire a car accident attorney. A good attorney ensures that your rights are always protected and you get the highest settlement amount possible.
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