The question of how much to expect from a car accident settlement is the most general question that clients ask from Tampa car accident lawyers. The answer depends on various factors.
There is no average accident compensation since compensations are not measured. Each settlement is, instead, a special sum based on the costs and impact you have undergone due to a car accident. Here are a few factors affecting the car accident settlement amount a person can gain.
- The responsible party’s insurance policy restraints
Accessibility of insurance resources is one of the essential factors impacting the amount you get from a settlement. As it is theoretically possible to prosecute a responsible party who is not having insurance, and you might even get a judgement in your favour if you do. It can be tough to gather that reward from the responsible party as most drivers do not have the type of money required to resolve your case.
There are cases that involve several sources of accountability. For instance, in a car accident case that involves a drunk driver, the driver might not be the sole responsible person. If the car driver was over-served at a restaurant or bar before getting inside the vehicle, that business might be accountable as well, as there are states that forbid businesses from catering alcohol to individuals below 21 or who are acknowledged to be addicted to alcohol. The Tampa car accident lawyers would gaze cautiously at the facts linked with your case to figure out all potentially responsible parties and their insurance resources to get the maximum compensation possible for you.
- The possibilities of compensation
Over 400000 auto accidents take place in Florida annually and more than 125000 of those auto accidents engage injuries. As most of those injuries are negligible enough that the driver’s injury security policies effortlessly cover medical costs and lost wages. There can be harsh injuries as well which allow the injured person to document a personal injury case against the fault party. Approximately 96 percent of all personal injury lawsuits are resolved before they go to court, as per the US administration stats. It means that if you were injured due to the negligence of another person and you file a personal injury case, the possibilities are high that your lawsuit will end in settlements for car accidents instead of a bonus by the jury.
Perform healthy research to know some of the common causes of car accidents.