How Does A Car Accident Settlements Work?

How Does A Car Accident Settlements Work?

Did you know that many people use the money they received from a car accident settlement to pay off their mortgages, loans, and other bills?

A car accident settlement will arrive anywhere between one and two years, but when it does, it could change your life for the better. If you have been involved in a car accident, caused by someone else’s negligence, you are entitled to compensation through a personal injury claim. In that case, contact our Los Angeles car accident lawyers and receive much needed legal help in filing your lawsuit and getting the maximum compensation for the damages done.

But how exactly does a car accident settlement work?

No 2 Settlements Are The Same

Before we continue to explain how a car settlement works, you need to understand that every settlement is different. There are many factors that affect the settlement, such as:

  • The number of injured individuals
  • The total number of damaged cars and assets
  • The involvement of drugs and alcohol
  • Teenagers behind the wheel
  • Weather conditions
  • Death/s caused by the accident

The Insurance Company Plays An Important Role

After the accident, an insurance adjuster will most likely approach you and offer you a deal. From our experience, we can tell you that the “initial offer” is nowhere close to the true value of your case or settlement and that you should not jump into it and accept it without consulting with our attorney first. For this reason, you should be careful what you say to the insurance adjusters, and even more careful about what you sign.

You Get More Value With An Attorney By Your Side

Statistically, people who file a personal injury claim without an attorney usually get around 4 times less than what they would get in case there was an attorney present. For this reason, we encourage you to contact one of our Car Accident Attorneys in Los Angeles, schedule your initial free consultation and learn how you can increase your settlement.

Investigation

Once the car accident takes place, it is important that you stay on the scene until the police arrive. They will file a report, and for your own best interests, we advise you to take a copy of that report. Contact your attorney, and have him/her investigate the case additionally, for any witnesses or evidence that may help you win the case in timely manner.

Expert’s opinion is very important in settling your case, which is why you should consult with:

  • Your doctor
  • Your Attorney
  • Accidental Reconstruction Expert
  • Case Evaluation Expert

Each of them may provide you with critical information that may deeply affect the outcome of your case and the size of your settlement.

Try and negotiate the deal with the insurance company. If you cannot come to terms with the insurance provider, you will have to take your claim to court. Filing a lawsuit is necessary in this case and the only way for you to receive what is rightfully yours.

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