Unless you’re a legal expert, it can be total nightmare to deal with an insurance settlement following a car accident. You can be left with significant injuries, as well as emotional and physical trauma, making it difficult to cope with the stress and complexities of dealing with insurance companies.
After a car accident, it’s imperative that you write down every detail you can about the accident. Visit a medical professional, even if you think you’re okay, in order to get documentation of any injuries. You will want to make note of every detail and any expenses incurred, as well as notifying your insurance agency. Additionally, do not EVER agree to any settlements or do anything in writing until you are certain of the extent of your injuries. An attorney can help significantly with navigating this confusing territory.
If you’re not at fault, it will be the responsibility of the other party’s insurance to pay out. Insurance companies are for-profit, so they want to pay out as little as possible. With that said, they may attempt to catch you off-guard, when you’re most vulnerable–right after the accident. If they contact you like this, they may try to settle and you need to seek an attorney’s assistance immediately.
It’s not possible to say exactly how much money you should expect in a settlement because it will depend on a few different factors. For simple auto damage, you will be reimbursed solely for the physical damage. This is typically pretty straightforward, but you should still be wary that insurance companies will always try to settle low.
The injury portion of the settlement is completely different and is based on the injuries sustained and other aspects related to them. Other expenses include lost wages, medical equipment, rehabilitation, hospital stays, and medication. An experienced attorney can help you figure out what you’re owed and fight for your rights and the best possible outcome!