What Is a Reasonable Car Accident Settlement?
Numerous accidents take place each year that result in damages. However, a number of cases go unsettled or the victims go without proper compensation. Several things go into determining the appropriate settlement amount.
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Settlement Amount
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The settlement amount is based on an agreement between the victims and the insurance companies involved in the accident. In cases where a settlement agreement cannot be reached, attorneys and mediators are also involved.
Property Damage
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The property damage in a car accident case is the actual amount of damage done to the vehicle from the accident. This includes internal and external damages, and in some cases, the car is irreparable and must be replaced.
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Bodily Injury
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Bodily injury is determined by the damage done to a person in a car accident. This is determined by hospital and doctor bills and any other expenses directly related to injury.
Pain and Suffering
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Pain and suffering includes a variety of things following the accident, including pain from injuries, physical and mental suffering, time lost, wage losses and job impairments.
Legal Help
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In most car accident cases, it is advisable to contact a personal injury attorney to help deal with the insurance companies and determine settlement amounts.
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References
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- Photo Credit Image by Flickr.com, courtesy of woodley wonderworks
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Comments
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Richard Hastings
Dec 30, 2009
Always consult with an experienced personal injury before proceeding.
