If you or a loved one were severely injured in a car accident, you may be entitled to compensation. An attorney will negotiate with the responsible party to help you receive the compensation you deserve.
Often, this compensation is determined with a settlement, which is an agreement between parties to resolve a legal claim for damages.
A car accident settlement usually involves you agreeing to end the lawsuit in exchange for a payment from the party who has legal liability for your injuries.
How Much Will I Receive in My Car Accident Settlement?
This varies case by case and state by state. The amount of a settlement can differ substantially depending on the jurisdiction in which the accident occurred. The amount will also depend on the facts of the case itself.
Every car accident has a number of variables that determine how much you have a legal right to receive. Following a car accident, the responsible party's insurance company is required to pay the following costs:
- Car repair bills or quotes from mechanics
- Hospital bills and related medical expenses
- Lost wages from work and other lost income
- Pain and physical suffering
- Permanent physical disability or disfigurement
- Emotional damages