Settlement Amounts

I Suffered Injuries In A Car Accident. How Large Will The Settlement Be?

After a car or motorcycle accident, you may be struggling to make ends meet. The medical bills continue to increase, and if you’re not able to work as much as you used to due to pain and suffering, keeping up with your expenses can be a challenge.  That’s why it may be helpful for you to consult with an attorney to learn about accident settlement amounts and how they are determined.

If you already met with a Los Angeles attorney to discuss accident settlement amounts, you may have an idea of how much money you may be awarded. However, even two people who suffer similar injuries in similar situations may receive different settlement amounts.

So what is the biggest factor in determining settlement amounts in California? In many situations, the personal injury attorney makes a big difference. Take the time to find an attorney who will fight to help you receive the compensation you deserve with a settlement agreement.

Working With An Attorney To Get A Fair Settlement Amount

If you’ve started researching personal injury attorneys in California, you know there are hundreds, if not thousands, of attorneys to choose from. With so many options, how do you know which attorney will help you obtain the settlement amount you need? Whether you find an attorney through an online directory or get referrals from your friends, it’s important to talk with the attorney to make sure he or she can meet your goals in terms of compensation and the time it takes to reach a settlement.

Ask the attorneys questions to make sure you have a good understanding of their abilities and experience before beginning the settlement process. Questions could include:

  • How long has the attorney been practicing? Don’t stereotype based on age or experience; there are many young attorneys who have already achieved amazing accomplishments. However, if the attorney doesn’t seem up to date or doesn’t have the answers you need, consider looking elsewhere.
  • Has the attorney handled other cases similar to yours? Not all personal injury attorneys handle the same spectrum of cases. An attorney who has not handled complex cases – such as cases with multiple negligent parties or severe injuries – may not be able to obtain the compensation you may be entitled.
  • Does the attorney represent plaintiffs and defendants? An attorney who has experience representing insurance companies may have insight that other attorneys might lack. However, if the attorney consistently represents both plaintiffs and defendants, it may be worth considering whether his or her ties will inhibit how hard he or she fights on your behalf.

How Are Settlement Amounts Decided?

Regardless of the attorney you work with, there are three main ways to estimate the value of an injury claim after a car or motorcycle accident. Many insurance companies use software that calculates several factors to determine settlement amounts. Although the settlements may represent the financial damage you suffered, it can’t consider the emotional pain and suffering you’ve experienced.

Another way to valuate a settlement is by adding the compensation total of your medical bills, lost income, and pain and suffering. For complex accidents or those involving severe injuries, this method can be too simple, but it can be effective for basic accidents.

Attorneys and insurance companies may also determine the value of a settlement by calculating your pain and suffering on a daily, weekly or monthly basis, and then adding that amount to the cost of additional treatments or expenses.

Ultimately, an experienced attorney can help ensure the settlement amount you accept fairly accounts for your injuries and financial needs.  Contact our experienced accident attorneys today to find out if you could be entitled to an accident settlement.