Factors That Determine Settlement Amount After A Car Accident 

Law

Car accidents can be too much to handle. With physical and mental injuries, car accidents can sometimes be fatal. You can file for compensation when you are injured due to someone else’s fault. After filing for a claim, one of the common questions asked by many people is how much settlement amount they will get after a car accident. 

However, no one can guarantee an exact amount, not even an experienced car accident lawyer in Rockford. Various factors determine the settlement amount. The insurance company will carefully go through the documents and determine who is at fault. Below are some possible factors that the insurance company will consider. 

  • Information from the official police report. 
  • Your physical and mental condition to earn income in future. 
  • The severity of your injuries.
  • All the medical expenses you had to bear after a car accident, including future medical costs. 
  • Whether you have any pre-existing injuries on the same part where you sustained injuries. 
  • Evidence that is provided by the at-fault party to defend themself. 
  • All your statements are made to the medical professional, police, insurance adjusters, and more. 
  • Any property damage. 
  • Overall damage due to car accident. 

Remember, to make your claim stronger, provide sufficient evidence from your end to prove that the other driver was negligent. The better your evidence is, the higher your chances of receiving the maximum settlement amount from the insurance company. 

Reasons why you need a lawyer to get maximum compensation 

Although a lawyer cannot tell you the exact amount for compensation, with their analyzing skills, they can help you know an estimated amount that you can expect from the insurance company. When you file for compensation, you have to provide various pieces of evidence to support your claim. In this process, a lawyer can help you determine which evidence you need to give and which of them will make your case stronger. 

Moreover, if you want to get the “maximum settlement” from the insurance company, a lawyer will be crucial. Without a lawyer’s expertise, you may accept a lower settlement offer or fall for the company’s traps to lower your compensation. 

It is common for victims to get manipulated or influenced by tricky insurance adjusters. However, a lawyer handles hundreds of similar cases, making them highly skilled and knowledgeable about tackling their tactics and ensuring they do not settle for less. They will play a vital role in fighting with the insurance company to get the deserving claim. 

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