How Much To Settle For Car Accident – The following information explains some of the key factors surrounding car accident settlement fees and what the average car accident settlement is. If you’ve ever been in a collision, you probably have a lot of problems – especially if you’re injured or have damage. One question that is often asked by clients who may have been injured in a car accident is: “How much can I pay for a car accident?” The answer to this question depends on many different factors. Read on to learn more. Driver’s At-Fault Insurance Before considering the amount of compensation for a car accident, there are some things to know. You have the legal right to sue the at-fault driver for personal injuries caused by the accident, including aggravation of pre-existing injuries. Most states do not allow you to sue the insurance company directly. If the driver or owner of the vehicle is at fault and has auto insurance, the auto insurance must pay for personal injuries and property damage caused by the accident. However, all auto insurance policies have a limit, which is the maximum amount the insurance company will pay for damages resulting from an accident. Drivers pay this limit with their premiums. Liability Insurance The amount of car accident compensation depends on the insurance policies of the parties involved. If you are involved in a car accident and the other driver was at fault, that driver’s insurance pays for the damages. However, as mentioned above, there are often limitations on driver’s liability policies. For example, Pennsylvania only requires the following minimum liability insurance: $15,000,000 for personal injury or death to one person in an accident $30,000,000 for personal injury or death to more than one person in an accident $5,000 for property damage to another. Using the car accident examples above, even if you were involved in a car accident and were seriously injured, the driver’s insurance company may only be required to pay you $15,000,000 for your injuries. Remember, these are maximum limits and most drivers charge more. But insurance limits are an important consideration when evaluating a car accident claim. Torts Full torts and limited torts refer to a person’s ability to sue for pain and damages after a car accident in Pennsylvania. Lesser homicides provide less ability to sue for damages as a result of the collision. Minor damages are often cheaper than full coverage. Let’s examine the pros and cons of full torture and border coverage in detail. Full Torts: This is a traditional form that gives the driver the ability to sue for monetary and financial damages, regardless of the severity of the injury. This means that you can always recover from pain and damage when you are injured. Less Violation: This policy allows drivers to save money on their premiums. However, in exchange, they waive their right to recover damages, such as pain and suffering, unless their injuries are considered serious. Injured people can still sue the other driver or file a third-party claim on their insurance policy for financial compensation, such as medical bills and property damage. Pennsylvania law states that serious injury causes death, severe impairment of bodily function, or permanent, permanent disability. There are other exceptions to the limitations on non-financial compensation, including if the accident was caused by an impaired driver. Settlement of tort claims may result in lower insurance premiums, as policy makers agree to limit their right to seek compensation. However, they can also limit the ability of car accident victims to receive full compensation for their injuries and losses. If you have a limited liability policy and have been injured in a car accident, it is important to speak with an experienced personal injury lawyer to understand your rights and how to pursue a car accident. Your Insurance Policy What if an at-fault driver cuts you off and leaves the scene of an accident and is never found? What if the car or driver is uninsured? What if the at-fault driver only had $15,000,000 in insurance coverage? You can also claim compensation through your insurance policy. UM/UIM Insurance Coverage Motorist (UM) insurance pays for injuries, such as medical expenses, that result from an accident caused by an uninsured driver. UM insurance protects you and your passengers if you are hit by a hit-and-run driver. Underinsured Motorist (UIM) insurance pays for injuries resulting from an accident caused by a driver who has too little insurance to cover all of the injuries. In the example above, if you were seriously injured by a hit-and-run driver or a driver with only $15,000,000 in liability coverage, you may be able to seek compensation through your personal policy under UM/UIM. Keep in mind that this is extra-coverage that can cost more. To calculate the average number of uninsured motorists, the following may be taken into account: Amount of property damage: The amount of damage caused by the accident, including damage to the vehicle, personal property, and any other items involved in the accident. Severity of Injury: The extent of the injury suffered by the victim, including medical expenses, lost wages, and pain and suffering. Insurance: The amount of uninsured motorist coverage found in the victim’s insurance policy. Contributory negligence: If the victim is found to be at fault for the accident, the compensation amount may be reduced accordingly. Jurisdiction: Laws and regulations vary by state and may affect the number of uninsured motorists. Multiple Driver Accidents A multi-vehicle accident is any accident involving three or more vehicles. A simplistic explanation for the truth about multi-vehicle accidents: The results can be dire depending on the severity of the injuries sustained by the occupants of the vehicle. When multiple vehicles are involved in an accident, determining who is responsible for your injuries can be difficult, unlike in a single car accident where it is obvious. When a driver can be held liable by multiple people, there may not be enough insurance money to go around. Using the $50,000/$100,000 example, the at-fault driver only has $100,000 of coverage. The most one person can get is $50,000,000. What if three or four people are seriously injured, and each injured person has more than $50,000,000 in damages? There is not enough to go around, and insurance companies do not take responsibility for deciding how much money is available to distribute to each claimant. It will be up to you and your attorney to convince the court that your claim was justified and necessary, and why you deserve a larger share of the insurance money than others. Shared Liability Like most states, Pennsylvania’s proportional negligence laws allow people injured in accidents to receive compensation – even if they were at fault for the accident. Under this law, each negligent party is awarded a percentage of the fault. The percentage shows how their actions (or inactions) contributed to the accident and injury. Note, Pennsylvania has a 51 percent negligence rule, which means you may be liable for damages if you are less than 51 percent. If you are found to be more than 50 percent at fault for the accident, you may not be able to claim compensation for the damages. Using this example, if you are deemed to be 20 percent at fault, you will only receive 80 percent of the premium payment. If you are hit by a driver who has a $50,000,000 liability and you have $50,000,000 in damages, you could be paid $40,000,000 and treating your injuries can be a challenge in itself. When looking at bills from ambulances, emergency rooms, primary care physicians, and co-pays, you may be faced with finding the medical care you need. Medical expenses and other expenses will be paid by the insurance company of the at-fault driver in the event of an accident. Lost wages If your injuries prevent you from working, or working in the capacity you did before the accident, you may be entitled to lost wages. Additionally, if you have been permanently injured which prevents you from returning to your job, or earning as much as you did before the accident, you may be eligible for disability compensation. This is another type of damage that will be paid for by the driver’s insurance company. Property Damage As you face the complexities of long-term recovery, it can affect you
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