Factors That Can Affect Your Settlement Amount

One of the most common questions that car accident victims have after filing a claim is how much money they can expect as a settlement. The amount of money someone can expect depends on several factors because every accident and case is unique.

Several car accidents or personal injury claims are settled out of court. Only a few go to trial. If you have been in a car accident and sustained injuries due to somebody else’s negligence, it may be ideal to hire a car accident lawyer to help negotiate your claim.

An experienced Brooklyn car accident lawyer knows how to prove negligence, deal with insurance companies, calculate damages, and negotiate the settlement. They will protect your legal rights and ensure that you get fair compensation. Here are some factors that will determine how much you get as a settlement.

The Severity of Your Injuries

Severe injuries are more expensive to treat, and they also take longer to heal. The victim will have to take a lot of time off work and will incur more medical bills. These injuries may require one to undergo a surgical procedure, physical therapy, and rehabilitation. If the victim loses their limb or sustains any other permanent or life-threatening conditions, they will claim more damages. The severity of the injuries also has a significant impact on the non-economic damages that one can recover.

To know how much you can claim, your lawyer will use the multiplier method to calculate the cost of your expenses and other financial losses using the multiplier method. The more serious your injuries are, the higher the multiplier. Lawyers and insurance companies also have a method for calculating the total cost of non-economic damages. 

Your Level of Patience

One of the tricks that insurance companies use to settle a claim, especially if they know that the claim is valid, is to make a quick offer. This first offer is often very low. Considering the claim process can take a long time, victims might get tired and accept the first offer.

If you get impatient and accept the first offer from an insurance company, you will likely end up with a very low settlement. It is best to let your lawyer negotiate the claim and gather enough evidence to support it so that you can get maximum compensation. 

Your Lawyer

The lawyer you choose to hire will also determine how much money you get in your settlement.  A good lawyer will advise you on what you should do to protect your claim, negotiate the claim, prove negligence, and they will handle everything as per the law.

Your lawyer can also help you get the money you need to cover your bills from lawsuit loan lenders, giving them ample time to negotiate your claim. Your lawyer has your best interest at heart and has the skills, knowledge, and expertise needed to handle such claims.

Liability

Some car accident cases can involve shared or multiple liabilities. If you were partially responsible for the accident, you might not claim full compensation from the at-fault party. Your liability will reduce the final settlement amount. If more than two parties are involved, your lawyer will look at the facts and claim as per the state laws on multiple liabilities. 

Contact a Car Accident Lawyer

If you have been injured in a car accident, you may have a right to claim compensation for your injuries, losses, and other damages. You will need the help of a car accident or personal injury attorney to know if you have a valid claim and how much you should expect as a settlement. These lawyers have enough experience in such cases and will negotiate and calculate your claim to ensure that you get the compensation that you deserve. 

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James Williams

James is our Assistant Editor here at ArticleSnatch.com. He has worked with many top websites over the years, including BuzzFeed, and brings a vast wealth of experience to ArticleSnatch.

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