Depending on the state, the injured party can receive a car accident settlement paid out by the at-fault driver’s insurance. This is one of the reasons these accident policies exist; to save their policyholder from financial ruin if found liable and to make the claimant whole. If the car accident settlement amount exceeds the at-fault driver’s policy, they may lose money as they would be responsible for the remainder of the damages. In no-fault states, you cannot make a personal injury claim unless your losses exceed a certain threshold.
Can I Get Money After a Car Accident?
It is possible to get money after a car accident if you file a lawsuit or claim with the at-fault driver’s insurance. Frequently, the injured claimant will seek restitution for “pain and suffering.” While out-of-pocket expenses, like medical bills and treatment for the injury, are relatively black-and-white, “pain and suffering” is more difficult to prove. So, it is always advisable to hire a personal injury lawyer in order for you to get the most out of your case.
Insurance Offers vs. Attorney-Assisted Settlements
An insurance claims adjuster will help review the facts surrounding the accident and your damages. It is necessary to know the full value of your claim when reviewing the insurance’s offer. Additionally, you should consider getting representation to help you with your car accident settlement.
As opposed to an hourly fee, most car accident lawyers charge a “contingency fee,” which means the firm will not get paid any fees unless you recover money from the case. The attorney will receive a portion (ranging from 25%-40%) of the money in the settlement.
How Long Does it Take?
Cases with clear liability can settle in a matter of months, although instances with more subjectivity may take longer. There are lots of factors that can drag out a car accident settlement, such as the injuries involved, high monetary settlement value, and cooperation from the insurance companies.
Who Should I Call?
With extensive experience and personal injury law, the lawyers at The Barnes Firm are here with you in mind. Whether you were in a fender bender or had your car totaled and require legal counsel, contact us today.