How Much Should You Expect from a Car Accident Settlement?

October 27, 2021

One of the most frequent concerns by victims who were involved in an auto accident is what kind of settlement should they expect. The answer to that all depends on how much they have been injured, whether another driver was at fault and, if so, how much insurance coverage they have.

It is also important to understand that legal fees, if applicable when you file a lawsuit against them will be taken out of the final settlement.  So, it can be hard to determine just how much money you will get if you don't know all of this information.

In addition, you may not get all of your medical expenses back if someone else is responsible for the collision. Because of this, you might end up getting less than you expected. Many people mistakingly believe that their health insurance will pay for their medical treatment. This is a common misconception. This could lead to you paying more for your medical care than you should have because you didn’t have the proper insurance.

Other people may be liable for medical bills.

Depending on who was at fault in the accident, the other driver may be liable for your incurred medical costs.  It will depend on many factors such as, who was at fault and whether or not they have insurance. If they do, their insurance company may cover your medical expenses up to the policy limits. If it is determined that you were partly responsible for the accident, you will share in the costs of your medical costs, which could be taken out of the final settlement.

You may sustain property damage to your vehicle and others.

Motor vehicle accidents often involve two or more people, which means that one party will have to pay for the damages caused by another. There are two main types of insurance that cover motor vehicle accidents.  One is liability coverage which pays for the injuries sustained by in an accident caused to another party.  This covers you if the other driver involved was found negligent under state law.

The other is collision coverage covering property damage which can include broken windows, windshields, dented cars and damaged bumpers. Most states require motorists to carry general automobile insurance to protect against these types of accidents. Some people decide to not file claims with their insurer and instead use their personal policies to collect money from third-party companies, depending on the cost of replacing or repairing damaged property. This could end up being a poor decision, as many insurance companies will offer higher amounts.

You may be eligible for money to repair or replace property damaged in an accident that causes injury or damage.

You may be eligible for financial compensation if you are injured or damaged in an accident. Your injuries and severity will determine how much money you get. You may be eligible for a substantial amount of money to pay your medical bills and lost wages if you are seriously injured.

You should contact our experienced lawyer at Beharry Law to learn how much compensation you can receive for personal injuries resulting from auto accidents. Our experienced attorney can help you to understand how your insurance company will determine whether you are eligible for coverage, how much your insurer will pay out in damages and if there are legal issues, how to settle claims.

It's important to understand that car accident settlements are not just about money. They can cover your medical expenses for injuries sustained in an accident, as well as any damages caused by you or others involved in that accident. It could also apply to damage to another vehicle.

If you or a loved one have been involved in a car accident, to get the enough compensation to cover all these expenses mentioned above. . . .

Book a Consultation with a Car Accident Lawyer Near You Today !

Bare in mind, to protect yourself in case you ever become involved in an accident that is your fault and you do not currently have collision coverage, you will need to get separate and adequate coverage for these types. Before making any decision about what coverage you need, it is a good idea to check with your insurer. Keep in mind, however, that insurance companies will not offer complete protection unless they are aware of the available finances for their insured.  So, be sure to ask!

If you or a loved one were recently injured in a car accident, contact our car accident lawyer for a FREE consultation . . . .

Michael D. Beharry, Esq.

An experienced personal injury attorney in the Miami area, who is committed to helping injured accident victims with cases involving car accidents, truck accidents, motorcycle accidents, rideshare accidents, wrongful death, slip and falls, as well as brain and spinal cord injuries.

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