Car accidents. They can not only be an inconvenience, but they can also cause long-term damage to your life.
Unfortunately, car accidents are quite common in the United States. There are over six million car accidents across the country per year.
If you were involved in one of them and there is serious damage, you may be looking for a car accident settlement.
However, you may be wondering what type of car accident compensation can you expect. What are the biggest factors of an auto accident settlement?
This is your guide.
Fault in the Accident
The first thing that you need to consider is whose fault the car accident is.
Is there someone that is clearly at fault in the accident? Is it difficult to determine who was at fault in the accident?
This can be a big factor in getting a settlement because if you cannot prove that it was clearly the other driver’s fault, you may not get any kind of settlement whatsoever. So, the best thing that you can do in this situation is to gather as much evidence as possible from the scene of the accident to support your case.
What Is Being Covered?
Next, you need to consider what is already being covered in the accident. Some major factors come into play in this situation. Both have to do with the car insurance that the other driver has.
The first thing that you need to figure out is if the other driver even has car insurance. While most states require people to drive with car insurance, not everybody follows this. About 12.6% of motorists are uninsured.
So, that can affect your ability to receive immediate compensation from the other driver. Secondly, they could have an insurance policy that provides limited coverage compared to what you need.
If either of these happens to you, it is time to find a car accident attorney.
Long-Term Damages
Finally, you need to consider what type of long-term damages you have from this car accident. Are you going to need a brand-new car?
Were your injuries serious enough to require regular medical attention? Are you going to be able to work again?
If you have any lost wages or future medical bills expected, you need to account for that when you are asking for financial compensation.
Get Your Car Accident Settlement
These are three of the biggest factors that go into what kind of car accident settlement you can expect in Houston.
First, you need to make sure that there is enough evidence to prove that the accident was the other driver’s fault. Then, see what type of coverage you already have and then see what kind of long-term damages there are for you.
Once you do all of that, you should have a good idea of what kind of settlement to expect.
Do you need legal representation? Message us today with your case.