25 Jun
How much of a settlement should I expect for an auto accident?
Posted in automobile accident lawyer on 25.06.10
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I assume that it varies for each person so what I mean is how much does a typical insurance company usually settle for when it comes to injuries? Where do they draw the line?
I was in a automobile accident that was not my fault. The other driver went left of center and hit me head on. I was taken to the hospital with multiple injuries. I am still receiving medical attention related to the accident. I hired a lawyer to represent me. After I receive my settlement and take out my lawyer’s fees (33.3%) and what I owe for medical expenses How much should I expect to have? My vehicle was totaled and any money I receive to replace my vehicle is separate from the money I should receive for injuries.
I guess what I’m asking is this. What is the value of pain and suffering? I’ve heard some people say they broke even while others had told me they got as much as ,000 after all fees were paid. I’m not sure how one case made money while the other broke even.
Sorry for the multiple questions here, but I didn’t want to flood Yahoo Answers with multiple posts.
2 comments on this topic
25. June - 4:45 am
Usually, personal injury settlements are computed through:
•Total Financial Loss – This covers all losses that automatically have a dollar value equivalent. This includes lost income, medical bills and expenses related to the injury.
•Level of Pain and Suffering – This covers physical and mental injuries that include temporary and permanent disabilities and how it changed your lifestyle.
•Extent of Liability – This covers the amount that should be paid in relation to the liability of the defendant. If you have some fault in the accident as well, the defendant may claim for comparative negligence to reduce the total amount of your compensation.
25. June - 4:45 am
What you should expect to have is 25-33% of the final settlement about.
No one here can tell you what, if any, that amount will be. Every case is unique and evaluated on it’s own merits.
Since you decided to hire a lawyer….since you are paying him 33-50% of any settlement you get….you need to ask him. That’s what you are paying him for.