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Posted in Car Accidents on October 6, 2021
Following a car crash, compensation can help you rebuild your life. But ensuring you get a fair settlement is difficult. This article explains everything to know about these settlement amounts.
| Settlement Process | Settlement Factors |
| An agreement to drop a lawsuit and accept compensation from insurers | Fault for the accident |
| Most cases are resolved this way instead of a trial | Financial and non-financial losses |
| The insurer evaluates damages and makes an offer | Available insurance coverage |
| Can accept, negotiate, or sue for more | Need to account for current and future costs |
What settlement amount should you accept after a Louisiana car accident?
The reasonable settlement amount you deserve should fully cover both your financial losses and non-financial impacts like pain and suffering. An experienced attorney can analyze your case details to negotiate the maximum settlement on your behalf.
Following a car crash, no amount of money will fully erase all the pain, trauma, and losses you had to go through. However, when you obtain just compensation for this accident, it can help you start rebuilding your life and give you some peace of mind that you got the justice you deserve for the harm you endured.
Unfortunately, ensuring you get the reasonable amount of compensation you need for this accident is often not as easy as many people hope it to be. In truth, there is no one standard settlement amount that is always awarded to ensure that all of your costs and damages are taken care of.
That is why to help clear up some of the confusion surrounding car accident settlement claims, we have prepared the following post. In it, we will go over everything you need to know about this settlement process and what factors can impact your settlement amount.
Unfortunately, when it comes to these settlement amounts, no lawyer can tell you exactly how much money you may end up getting. This is because there are just too many factors that can affect these settlements and ultimately how much money you can end up with. Consider the following:
One factor that can significantly impact the value of a settlement amount is determining fault following an accident.
Typically, to obtain maximum compensation, you will need to prove that another person was at fault for the collision and your injuries.
If you end up being at fault for the crash, you will not be entitled to any settlement.
However, if you were partially at fault for the collision, you still may be able to get a portion of this settlement amount, but it will often be reduced based on the percentage of your fault.
As a result, the amount that car accident victims can recover will be limited to the amount of car insurance coverage available. This means that even if your losses may be more significant than the at-fault driver’s liability insurance coverage, you will be limited in obtaining a settlement for this coverage amount.
You need to remember that the settlement you are seeking needs to cover not only your current bills but your subjective expenses, such as your mental and emotional despair following the accident, as well as your future bills and ongoing care.
However, when it comes to these intangible losses, the insurance company will likely try to lowball you and provide you a settlement offer that will barely cover any of these expenses. That is why it is essential to have an experienced car accident lawyer look at this settlement amount before you accept it to ensure that it is fair to you.
In addition, if the at-fault driver does not have any insurance, you may have no choice but to proceed with a lawsuit. However, lawyers often do not recommend this route, as people without insurance may not have any assets for you to take.
This means that even if you win your suit, the liable party may not have any available compensation for you to obtain to cover your losses and damages. Thankfully, in these situations, a lawyer can look into other insurance options to see if there are places you can collect this monetary recovery.
We understand your case. With years of experience, proven results, and clients backing our work, rest assured you are in safe hands. The Law Office of John W. Redmann, LLC, has experienced attorneys for all accident related claims, and more. In case you cannot find a specific solution here or want to explore some of the other services we provide, check our website. Do not delay calling us after a car accident. Contact us today!
If you have been harmed in a car accident in Louisiana due to another person’s wrongful actions, it is time to act and go after the justice and damages you deserve.
Thankfully with an experienced car crash attorney on your side, you will not have to endure this legal battle by yourself.
These attorneys can not only verify whether you have a viable claim, but they can help you understand what legal action you should pursue and make sure they go after the maximum damages you are entitled to.
That is why do not wait any longer to secure the legal help you require. Instead, contact the Law Office of John W. Redmann, LLC, or call our office at 504-500-5000 today for a free case consultation.