What Is The Average Settlement For An Atlanta Car Accident?
Have you been injured in a car accident in Atlanta, Georgia recently?
If that's the case, you'll need to collect money promptly to cover your medical bills and other accident-related expenses.
It's critical that you secure a settlement that covers the full extent of your current and future losses.
To do so, you must first determine the value of your accident claim.
If you've been injured in an accident, it's important to contact an Atlanta Car Accident Attorney.
The insurance adjuster for the at-fault party will do everything possible to offer you less than you deserve.
So, how do you figure out how much money you'll get from your settlement?
Unfortunately, because the average Atlanta auto accident settlement is dependent on various factors, there is no clear method to estimate it.
We'll go over what you can expect in your Atlanta car accident settlement in the article below.
What is an Accident Settlement?
A settlement is an agreement between the parties involved in a dispute to settle for a certain sum of money.
The accident lawsuit will be dismissed once the case is concluded, and both parties will be free to move on.
Settlement is not required in Georgia.
Courts will convene a "settlement conference" between the parties to discuss the potential of a vehicle accident claim.
Mediation is another option available in Atlanta.
Mediation is a process in which the parties involved and their lawyers meet with a neutral third-party mediator to reach an agreement with the opposing side before going to trial.
If you're in a vehicle accident in Atlanta, talk to your lawyer about mediation so you can get the compensation you deserve.
Atlanta Car Accident Settlements Aren’t Cash Grabs
We've all seen the sleazy commercials about people winning millions of dollars in an accident lawsuit, and we've all met someone who plans to retire once their claim money arrives.
However, there are many factors that go into determining the amount of a Georgia personal injury settlement, and each case is unique.
After drafting and sending a demand letter to the insurance company, the majority of accident claims are settled.
The letter is typically sent once all of your medical bills, lost pay, and past and future medical costs have been determined or may be approximated.
There is no magic formula for determining the worth of a personal injury case in Atlanta, Georgia.
Any personal injury lawyer who claims to "know" how much your case is worth without investigating it is almost certainly mistaken.
Many people form opinions on case value based on what they see on television or what their friends say to them.
Regrettably, those estimates can differ dramatically from reality.
This can lead to apprehension about the claims process or the injury lawyer who is assisting you with your case.
Determining the Negligent Party
After a serious injury in an accident, the first thing law enforcement and your lawyer will do is collect evidence.
Investigators will create their own narrative of what transpired during the disaster and determine who is to blame.
Keep in mind, however, that what's said in the official police report isn't usually the deciding element when it comes to assessing fault.
Accident reports can be twisted by the negligent driver's insurance company or an injury lawyer to cast blame on you.
Alternatively, the cops may make a mistake or ignore evidence.
Whatever the case may be, you will need an attorney to present your side of the story.
When necessary, Atlanta law firms hire their own investigators and crash reconstructionists to guarantee that the correct party is held completely accountable.
Otherwise, your personal injury claim may not be sufficient to compensate you for your losses.
The Average Settlement for Car Accidents Varies
As previously said, determining a typical settlement figure for an Atlanta automobile accident is difficult.
Each case is unique, and it's impossible to put a figure on it because many personal injury settlements are confidential.
The amount of your claim will be determined by your physical injuries, property damage, mental anguish, and other factors.
According to the Insurance Information Institute's vehicle insurance statistics, the average reimbursement for bodily injuries in car accidents is $18,417.
It's $4,525 for property damage.
Again, depending on the facts of your case and whether or not you receive the assistance of a legal practitioner, these figures could go either way.
Accident victims who retain the services of a skilled car accident attorney fare significantly better than those who do not.
Accident lawyers have the knowledge and experience needed to construct a compelling case and reach a fair settlement.
Factors that Affect a Car Accident Settlement
A number of factors influence the value of an automobile accident claim and the amount of money an insurance company will pay out in a settlement.
These components include:
Economic Losses
The extent of economic damages you have sustained in a crash is the first factor that will determine the amount of recoverable damages.
Economic damages are those that can be quantified in dollars.
Medical bills and lost wages are examples of things that are economical and financial in nature and have a monetary value.
Economic damages include property damage, medical bills, and missed pay.
The larger an injured victim's payout will be, the more they have suffered financially as a result of their injuries.
Non-economic Losses
You might be able to get compensation for non-economic damages as well.
Non-economic harms are a little more difficult to quantify.
Losses for pain, suffering, emotional anguish, lower quality of life, loss of companionship, and other non-economic damages are examples.
The more important and serious these losses are, the higher your settlement offer will be, much like economic damages.
Policies of Insurance
The insurance policy of the negligent motorist will also have an impact on the value of your injury claim.
If you were not at fault for the accident but were injured or your property was damaged, you must have adequate insurance.
Even if you have suffered catastrophic injuries, you may be out of luck if the careless driver does not have insurance and you do not have enough insurance to cover the entire extent of your damages.
This is why hit-and-runs and accidents involving uninsured drivers may be so dangerous.
When you engage with an Atlanta car accident lawyer, however, they will work tirelessly to find all possible sources of compensation.
Call The Mabra Law Firm for Assistance Today
You are entitled to compensation if you have sustained neck injuries, soft tissue injuries, or any other sort of bodily harm as a result of an accident.
In an ideal world, vehicle accident victims would receive the monetary compensation they require for their losses.
They'd get it as soon as feasible as well.
Although it is difficult to place a dollar figure on the average crash settlement, The Mabra Law Firm will fight tirelessly to ensure that you receive every penny you are entitled to.