After a car accident, many wish to pursue a personal injury claim against the at-fault party to recover damages sustained in that crash. But many do not know, what damages and what amount of compensation they are entitled to.
The insurance company for the at-fault party will offer to pay you a settlement amount in return for your agreement not to pursue a lawsuit. It saves them the costs of defending the case in court.
After a claim is pursued, the at-fault’s insurance policy will come into play. The amount you receive will ultimately depend on their policy and your specific case.
Below are a few factors that determine a person’s settlement amount:
- Medical bills
- Missed time from work
- Property damage to your vehicle
- How serious your injuries were
- Your prospect for a full recovery
- The impact your injuries have on day-to-day life
- Any other out-of-pocket expenses
- Any other damages sustained because of the accident
Settling with the insurance company and not going to court is usually beneficial to the injured party.
Waiting for a hearing can take months, even years. Also going to trial presents the risk of getting nothing if you lose.
But that does not mean you should settle for less than you deserve.
Although the insurance company may be quick to settle to avoid a lawsuit, that does not necessarily mean your settlement offer will be adequate.
Having an experienced car accident attorney on your case can help you navigate through this process and help you understand what amount of settlement you should be receiving. If they feel strongly about your case and the insurance company is not settling in your favor, you will have an experienced legal team helping you head to court.
So, to answer the question of, when you should settle with the insurance company, the answer is different for everyone and every case.
The outcome of you case with be dependent on several factors.
Consulting or hiring an attorney is always a good idea after an accident. It is your attorney’s job to build a strong claim for damages against the at-fault party.
Recovering compensation after an accident.
For a free legal consultation, call 412-661-1400
If you or a loved one were injured in an accident, contact the personal injury attorneys at Berger and Green. Our attorneys will provide you with a free no obligation consultation to evaluate your case. Call 412-661-1400 to speak with an attorney today.