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How Are Auto Accident Settlements Determined?

auto-accident-settlement

Auto accidents are common situations. In fact, millions of people around the world will get into an auto accident every year with varying outcomes. One of the factors most people focus on is their settlement. The amount of the settlement, how long it takes to process – both major factors in how an injured party will proceed. But not all auto accidents are created equal. Some accidents result in a higher settlement amount than others. So how are auto accident settlements determined?

Calculating a Settlement

When an auto accident occurs, there are two kinds of settlements that are pursued: medical costs for injuries sustained and/or damage to the vehicle. Calculating the value of a damaged vehicle is fairly straightforward. The insurance company looks at the damage and factors in the cost of repair or replacement to the damaged area and usually proceeds to cut a check for a reasonable amount to cover the damage.

In terms of personal injury, the case is a little different. Personal injury is largely calculated based on the amount that has been spent on medical costs. If for example, an injury broke a bone, documentation detailing the costs of treatment could play a heavy role in determining a settlement.

But beyond these two major factors, insurance companies don’t often take into account different forms of compensation that should be considered. Pain and suffering or lost wages at work – these and more could go overlooked. Fighting for compensation for these factors is difficult when done alone.

If you or a loved one has been injured in an auto accident and are fighting for compensation, contact an experienced personal injury lawyer who could help. Contact The Paris Law Firm today to schedule your case evaluation. You may be eligible for compensation for lost wages, injuries, and more.

 

The articles on this blog are for informative purposes only and are no substitute for legal advice or an attorney/client relationship. If you are seeking legal advice, please contact our law firm directly.

WHY SHOULD YOU CHOOSE

OUR FIRM TO REPRESENT YOU?

1 YOUR CASE WILL BE HANDLED BY
AN EXPERIENCED ATTORNEY

Our founder, attorney Eric D. Paris, has represented injured people in Southern California for more than 22 years. Prior to founding The Paris Firm, Mr. Paris worked as an insurance defense lawyer, which gave him great insight to the insurance companies evaluation of claims and their tactics to minimize your recovery for your injury matter. You will personally meet with an attorney and your case will be handled by an attorney with the assistance of our paralegals and support staff.

2 We Have A Record of
Great Results

We are proud of our track record of results. We understand what your case is truly worth, and we will not advise you to settle for less than what you deserve.

3 We Care About
Our Clients

We develop personal relationships with our clients. We will get to know you and your family. At The Paris Firm, you will never be treated as a number or a case file. We have earned the trust of our clients by treating them the way we would treat a member of our own family. We get to know our clients on a personal level which allows us to best present your side to the jury.

5 We Will Get You The Medical Attention You
Need At No Cost To You

It is extremely important to obtain the right medical care after you suffer an injury. Sometimes it’s difficult to identify and find the type of specialist you need. The Paris Firm has a large network of medical specialists who can provide you the care you need with no out-of-pocket expense.

4 We Will Go To Trial To Get You
What You Deserve

Our goal is to obtain maximum financial compensation for our clients. Sometimes that means taking your case to Trial. You do not have to settle for a law firm that always settles out of court for less than a case is truly worth. When it is in your best interest, The Paris Firm will hire the best experts and utilize all of our resources and take your case to Trial and present your matter to a jury.

6 We Use Cutting Edge
Technology

You can rest assured that your legal matter will be handled with the highest degree of professionalism and care with our state of the art technology. Our firm uses cutting edge technology with software and presentation tools which enable us to make a compelling case on your behalf at trial or in mediation.