Car Accident How Long To Settle – A car accident can throw your life into chaos. Despite the physical pain and lifestyle changes many victims must endure, financial concerns often top the list of life-altering effects after a car accident.
Many clients ask us about the “average” amount they can expect from a car accident settlement. Unfortunately, the answer to this question is much more complicated than it seems.
Car Accident How Long To Settle
The claim is worth and pursue compensation on your behalf. Please call our Houston, Texas attorneys today at (713) 999-6666 for a free case review.
Admitting Fault In A Car Accident
We can cite statistics from the insurance industry or legal research that show the average dollar value of car accident settlements. We can even share the average settlement amount for Patrick Daniel Love clients. However, none of these numbers really answer your question.
The item may be really worth it. The facts of your case, the injuries you suffered, and the damages resulting from those injuries are all unique. While it’s understandable to be curious about what others in similar situations have repaid for their losses, it’s important not to let your expectations be swayed by general trends.
Instead, let’s examine how insurance companies arrive at settlement offers and how experienced attorneys handle settlement negotiations on behalf of their clients.
First, it is important to distinguish between the insurance company’s initial offer to settle your claim and the settlement agreed upon by your attorney. If the insurance company offered to settle your car accident claim (and it could be a big IF), the adjuster likely arrived at that amount by multiplying your economic damages by an amount that reflects the severity of your loss.
Free Car Accident Release Of Liability Form (settlement Agreement)
As many car accident victims can attest, an insurance settlement is not an accurate reflection of your specific losses. Rather, it is an estimate using a formula used by the regulator.
If you hire an attorney to represent you in a car accident case, they may advise you that a settlement offer is “on the table.” This settlement amount is based on negotiations between your attorney and the insurance company. With an attorney representing your interests, the settlement agreement is more representative of your actual losses from the accident and should be more than what the insurance company may have initially offered.
Most car accident claims are settled before going to court. Generally, settlement offers are lower than what you might be able to win if your case goes to trial.
However, it is important to know that if you take your car accident case to court, there is no guarantee that you will win. The decision rests with the jury or judge who hears your case, and they may not be in your favor.
Auto Accident Settlement Timeline: Naqvi Injury Law
While you may be tempted to seek more compensation by going to court, your attorney will explain that doing so is a gamble. As such, settling your claim may represent a trade-off: yes, you may be able to recover more money through a trial judgment, but you also risk recovering less or none at all.
Ongoing communication with your attorney and legal team is critical to recovering a fair settlement. Share with your legal team all the bills you receive, how your daily life has been affected, and other information so your attorney can represent your best interests in settlement negotiations with the insurance company.
Ultimately, the answer to this question depends on your unique post-accident circumstances. Some factors that can affect the insurance company’s offer and the compensation your attorney may be able to recover through settlement negotiations include:
The injuries you suffer in a car accident can vary significantly. Incidents involving serious or catastrophic injuries are usually more likely to be settled.
Car Accident Claims & Injury Compensation Amounts
Damages are financial and non-financial costs that you incur as a result of an accident. Medical bills are obviously higher in serious injury cases, but these costs may only be a fraction of your total damages.
It is important to include all of your damages as part of the settlement. These may include:
Some of these fees are easy to calculate, as are any fees on a bill or receipt. However, other damages require expert testimony for accurate calculation.
All states have minimum car insurance requirements. Here in Texas, the minimum amount of coverage that drivers must carry is as follows:
How Long Do You Have To Report A Car Accident?
Some drivers purchase additional coverage that limits their financial risk in the event of an accident. However, other drivers only purchase the minimum insurance – or worse, drive without insurance.
Your settlement amount will be affected by the at-fault driver’s insurance coverage. The insurer will try to negotiate a good settlement within the policy. However, if the at-fault driver is uninsured or underinsured, your ability to recover may be limited because you must sue the party responsible directly.
Whether you have a third-party claim with the insurance company or a lawsuit, you must prove that the other driver was at fault for the accident and the injuries you suffered. If you can provide convincing evidence that the other driver was responsible, the insurance company is more likely to offer a fair settlement.
Insurance companies always want to avoid going to court. Litigation in car accidents is expensive and time-consuming, and they know that a loss in court can be much more expensive than a settlement.
How Long Does It Take For A Car Accident Settlement?
However, these companies also know that they can pay even less (or nothing at all) if they can prove that you were at fault. Although Texas law still allows you to recover damages as long as you were less than half responsible for the accident, questions of relative fault may determine what the other driver’s insurer is willing to offer (or if the offer settlement is on the way) reduce.
Some lawyers and law firms try to settle most car accident claims. Litigation takes time and there are no guarantees of success, so they like to hedge their bets. As they say, a win is a win, but it pays to be wary of solicitors who advertise how quickly they settle car accident claims.
Although your claim will likely settle, you need an attorney who is willing and able to go to court for you if that is what it takes to achieve a fair recovery in your case. At Patrick Daniel Law, we take a different approach to personal injury and accident law. We know the tactics employed by insurance companies and other deep-pocketed defendants, and our team has a proven track record of winning cases over pretrial motions.
We are committed to obtaining fair compensation in your case, whether through settlement negotiations or going to court on your behalf. At Patrick Daniel Love, we are strategic, precise and ruthless when you need help most.
How Much Is My Car Accident Settlement Worth?
Please call (713) 999-6666 for a free consultation today. Our attorneys serve clients throughout the Houston area, all of Texas, and nationwide in car accident claims. Car accidents can cause serious economic distress. In addition to paying huge medical bills, many victims are too injured to return to work, which dramatically reduces their ability to pay the bills. Some car accident victims have trouble making their mortgage payments and may face foreclosure quickly.
Fortunately, many victims are able to obtain a settlement from the driver who caused the accident. But they all have one concern in common: “How long will it take to settle my car accident settlement?” The length of time depends on the unique circumstances of your case, although most settlements follow a specific path. Below, we review the timeline for the resolution of common car accidents.
When an accident occurs, you may be in shock. However, you should obtain useful information whenever possible. Of course, you may be so injured that all you can do is ask someone to call an ambulance, which is fine. Do not harm yourself to gather evidence. However, if you can (or ask someone else to), you should:
If you are too injured to do any of these things, your attorney can help you get some of this information later. You should always prioritize your health.
What Is The Average Settlement For A Car Accident?
In general, injuries heal faster the sooner they are treated. Any delay can make your problems much more serious. Go to the doctor or hospital and tell them you were in a car accident. Remember to:
Also, remember to follow your doctor’s advice. If he advises you to stay away, then do so. If you need to attend rehabilitation or physical therapy, make sure you don’t miss an appointment. If you don’t do what your doctor says, the other driver can claim that you were partially at fault for not getting better.
An attorney can simplify the car accident settlement process. He can solve all the difficult issues while allowing you to heal. Our team can:
Attorneys offer a free consultation, so meet with someone and ask your questions before hiring. Ideally, you will have a lawyer
Getting Your Car Fixed After An Accident
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