Medical expenses, property damage invoices, rental car fees, and other losses can add up quickly in the aftermath of a car accident. Worse, ...
Medical expenses, property damage invoices, rental car fees, and other losses can add up quickly in the aftermath of a car accident. Worse, when someone is critically injured, they are unable to work, making it incredibly difficult to pay their costs. This sometimes leads to the question, "How much does a vehicle accident in California cost on average?"
California's Average Automobile Accident Settlement
Most reported instances settle for between $14,000 and $28,000, according to data from across the United States. Around $21,000 is the average. So, how does this impact your situation? Really nothing. Because each and every situation is unique. We've handled injury cases ranging from a few thousand dollars to millions of dollars in settlement. There isn't a magic number in the world.
What Do I Need to Know About Getting a Settlement After a Car Accident?
After a car accident, an insurance company will call you right away and attempt to settle the claim even before the extent of the damage is known. The insurance company frequently offers to cover the outstanding medical bills plus a few hundred dollars extra in many cases when clients were given settlements before hiring a lawyer. The main issue with accepting such an offer is that recovering from an injury might take anywhere from 8 months to several years. In a case involving serious injuries, future medical expenditures become a huge concern. If you accept an insurance company's first offer, you'll be asked to sign a release stating that you will not be responsible for any future medical expenditures.
The first step in having a vehicle accident lawyer from our firm handle your case is to document your injuries and damages. If there has been lost work, we gather medical bills, records, property damage estimates, police reports, and employment information. We can estimate the worth of your case based on all of this information and extensive discussions with our clients about their specific injuries.
Settlement Value Influencing Factors
The following are some of the factors that influence settlement value:
- Medical bills amount
- Lost wages in the present
- Future medical treatment cost estimate future wages loss
- Depending on the facts of the case, punitive damages may be awarded.
- Preexisting medical difficulties or pre-existing conditions prior to the accident a decision of who was at fault in the accident
How to Value a Car Accident Case Settlement?
Speaking with an attorney is the best approach to determine the worth of your case. You may not even require the assistance of an attorney in many circumstances. You will almost certainly not need a lawyer if you merely have a bill for an ER visit or a family doctor appointment, as well as minor damages to your vehicle. However, if the accident results in serious injuries or a fatality, a lawyer is required to investigate the case. Our firm provides entirely free consultations, so there is no charge for speaking with us about your situation.
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