While no one plans to get into a car accident, these unfortunately happen all too frequently and cause injuries, property damage, and death. Some losses can never be fully compensated, and the harm cannot be undone, however, one measure of justice for victims in their families is to reach a financial settlement with the driver at fault. In order to reach a settlement, the injured party in the accident may need to file a personal injury suit against the driver or file a claim with the at-fault driver’s insurance company.
The Car Accident Settlement Process
Arriving at the final settlement amount can be a long and confusing process. Amounts are based on various factors involved in the incident as well as negotiations outside of court. It is important to have the right evidence to support your claim to ensure that you receive justice, fair treatment, and a speedy resolution to the process.
How To Tell If You Got A Fair Deal On Your Car Accident Settlement
In order to be considered “fair,” several things must be considered. First, all issues related to legal liability or fault must be considered. Only to the extent that a party is at fault, may they be held responsible for damages. Once liability has been taken into consideration, in regard to damages, the settlement itself must cover a few areas for the injured party. If the settlement does not include enough compensation to cover these damages, then it is not a fair amount.
No settlement will be a one size fits all. Each event has its own unique factors that must be investigated and taken into account when determining a settlement. If you are questioning the amount of your car accident settlement, seeking out the aid of a car accident attorney will greatly aid in your case. Attorneys will analyze all the information and apply their extensive knowledge of all possible legal options to help you determine if your settlement was arrived at fairly.
What Is Typically Included In A Settlement?
The compensation included in a car accident settlement should cover all actual damages. These actual damages can be categorized into two groups, economic and non-economic damages. In the calculation of the settlement, these variables will be taken into consideration and analyzed.
Economic damages can include costs for:
- All medical expenses incurred in the accident
- Any vehicle or property damage
- Wages lost during recovery, both before the settlement and for future losses
Non-economic damages can include costs for:
- Emotional distress
- Pain & suffering
- Loss of physical affection from spouse or partner
What Is The Average Settlement For A Car Accident?
Since each car accident has its own unique characteristics, finding an average settlement for a car accident can prove difficult. The amount will depend on the injuries and damages involved. Settlements can range higher in cases of more severe and permanent injuries resulting from the accident.
Victims of drivers under the influence during an accident can also be entitled to more compensation. Car accident settlements are also influenced by the negotiating ability of the attorneys for all parties.
Factors & Variables Which Affect Compensation Amounts
There are many factors and variables that can affect the compensation amount an injured party can receive from a car accident settlement. The most prominent factors include the injuries and the severity of those injuries. Spinal cord and severe brain injuries that affect a victim’s daily life entitle a higher settlement amount. Medical costs, job compensation, professional opinion on the ability to return to work, and a victim’s pain and suffering are all factors that affect the car accident settlement amount.
Working with a car accident attorney during this process can help greatly to ease the stress on the situation. An attorney can analyze all the factors, add up the total amount of costs incurred with future expenses, and provide professional knowledge on the best resolution to the situation. Finding the easiest way through the legal process and determining the best settlement terms requires a long history of practice inside the legal system.
Benefits Of Seeking Legal Consultation From A Car Accident Attorney
Knowing the proper amount for a car accident settlement can be a difficult matter to go about alone. When working with a car accident attorney, you open yourself up to an easier avenue. A car accident attorney will work to ensure you receive the proper compensation in a car accident settlement and not a penny less.
At Parnall & Adams Law, our car accident attorneys are here to service you. We understand just how traumatizing an accident can be, and we don’t think the aftermath should be more difficult. We work to ensure you have the best possible settlement amount, doing an in-depth analysis to check if it’s a fair amount.
Review Your Settlement With Experienced Car Accident Attorneys Today
Car accidents are a serious matter, as are the settlements that can come from them. If you’ve been involved and injured in a car accident, working with a car accident attorney is in your best interest. Our team of New Mexico car accident attorneys at Parnall & Adams Law will make certain that your settlement is a fair amount. We will review your offer within 24 hours of you reaching out (this is not workable unless we have medical bills, records, police report, etc), and analyze the settlement.
If the settlement offer is fair, we will inform you of such, and you can settle the claim with peace of mind, at no cost. If the settlement offer you receive isn’t fair, our attorneys will fight tooth and nail to get more compensation. If you’ve been involved in a car accident and are unsure about your settlement amount, reach out to the knowledgeable car accident attorneys at Parnall & Adams Law. Call us today at 505.886.4446, or request a consultation online.