What Are the Typical Car Accident Settlements?
When you get into a car accident that is someone else’s responsibility, you may have the grounds to file a claim so you can receive compensation for any damages. This includes medical expenses, lost wages, and pain and suffering. Most car accident settlements will fall within a specific range.
Still, the final amount you receive may vary depending on the severity of your injuries, the insurance company’s coverage limit, and other factors. If you get injured in a car accident, you should talk to a Tucson Car Accident Attorney to file a claim and receive compensation for any damages.
What are the Different Settlement Options?
There are three different types of car accident settlements
Out-of-court settlement
This is when the two parties involved in the accident agree outside of court. The advantage of this option is that it’s usually quicker and less expensive than going to trial. The disadvantage is that you may not get as much money as you would if you won in court
Arbitration
This is when the two parties involved in the accident agree to have a third party, called an arbitrator, hear their case and make a decision. The advantage of this option is that it can be quicker and less expensive than going to trial. The disadvantage is that you may not get as much money as you would if you won win in court
Going to trial
This is when the two parties involved in the accident go to court and let a judge or jury decide who is at fault and how much money the plaintiff should receive. The advantage of this option is that you may receive more money than you would if you settled out of court. The disadvantage is that it can be more expensive and take longer than other options.
What Factors Are Used to Determine How Much Money You Receive in a Settlement?
Several factors are used to determine how much money you receive in a settlement. One of the most influential factors is the severity of your injuries. Another factor is the insurance company’s coverage limit. If the insurance company only has a limited amount of money to pay out claims, they will offer less money to those with more severe injuries. Another factor considered is how likely it is that the plaintiff will win in court. If the defendant knows that the plaintiff has a good chance of winning, they may offer to settle out of court to avoid a costly trial.
What Are Some Factors That Can Decrease the Amount of a Car Accident Settlement?
Several factors can decrease the amount of a car accident settlement. One aspect is if the plaintiff was partly at fault for the accident. If the plaintiff was not wearing a seatbelt or was speeding, the court may find that they were partly at fault and reduce the number of damages.
Another factor that can decrease a settlement is if the plaintiff has a pre-existing condition. If the plaintiff has a condition that was not caused by the accident, the court may find that the defendant is not responsible for their injuries and award them less money.
To summarize, there are three main settlement options when you get into a car accident: out-of-court, arbitration, and going to trial. The amount of money you receive in a settlement can vary depending on several factors, including the severity of your injuries, the insurance company’s coverage limit, and how likely the plaintiff will win in court.