If you’ve been in a car accident and sustained injuries, you may wonder whether it’s worth filing a lawsuit against the driver responsible for the accident, as it can take a lot of effort to get little money to cover your medical expenses and other costs you’ve had to pay. incur. If so, you might want to read more about car accidents here to understand what items are covered in car accident settlements and how much your case could be worth.
Who will pay my expenses after I have a car accident?
A question you may have is who is responsible for your injuries and who will provide you with the necessary funds to deal with your medical treatments. You may find that your insurance or the other driver’s policy may be responsible for compensating you for your injuries and damages. In cases where the claimant also has collision coverage on his vehicle and the accident was primarily his fault, the insurer will also pay a certain amount to take care of the damage to the vehicle.
If the vehicle repair costs exceed the value of the car itself, the insurer may decide that the car is a total loss and will receive a lump sum based on the market value of the vehicle before the accident.
If the accident was due to the negligent actions of the other party, the other driver’s insurer must indemnify you for your damages, losses and pain and suffering. In this case, you may be offered a low amount to start with and you will need an experienced personal injury attorney to help you get a fair amount for your damages.
What are the average car accident settlement amounts?
It is difficult to put an exact figure on a car accident settlement as each accident is unique and victims suffer all types of injuries. Here is a basic guideline of the amount you can expect based on different types of personal injury claims:
- Minor injuries in car accidents tend to cost $10,000 to $25,000.
- Serious injuries that have long-term consequences and require lengthy physical therapy or surgery cost between $50,000 and $75,000.
- Accidents that result in spinal injuries with life-altering consequences are paid between $75,000 and $100,000.
- Accidents that result in brain-damaged victims requiring lifelong care and therapy range between $100,000 and $250,000.
- If there are severe brain injuries or paralysis that require the victim to need daily assistance for the rest of their lives, the average settlement can run into the millions.
Unfortunately, if you are dealing with a limit insurance policy, you cannot recover more than the limits set by the policy. If this limit is too low and your expenses too high, you will have to sue the person responsible directly and hope that he has the necessary financial status to cover your damages.
Also, you may be asking for compensation for pain and suffering. In that case, you may need to have your attorney help you calculate the value of your case and how much you can expect to receive for this intangible item.