Typical car accident settlement amounts vary too widely to even list a ballpark number. However, in general, car accident lawsuits often deal in large sums—anywhere from several thousand to hundreds of millions of dollars depending on the circumstances of the crash.
Osborne & Francis is a Florida-based law firm with nationwide reach and years of experience in personal injury cases, a large portion of which result from car accidents. In advocating for our clients, we thoroughly investigate each accident and seek the best outcome possible after a tragic incident.
In this article, we’ve laid out the areas considered in most vehicular accident lawsuits to give you a better idea of what amounts you may be awarded. For more specific information, call us today at (561) 293-2600. To learn what is calculated in the average car accident settlement, read on.
Continue reading to learn how an attorney can help you with your car accident case.
Most legal settlement negotiations happen pre-trial, but they can also happen mid-trial, especially if strong evidence is put forth by your attorney. How much to expect from a car accident settlement depends on your individual costs and injuries.The experienced attorneys at Osborne & Francis can help gather your receipts and calculate your potential ongoing costs. We may also investigate the cause of your accident to make sure the right party is held responsible.
Your individualized settlement may cover any or all of the following areas:
Car accidents can cause catastrophic and life-long injuries. Even the most minor fender-benders can lead to whiplash, causing pain and costing you in time, work, and money for treatment. Major accidents can involve serious damage like spinal cord or traumatic brain injuries, which require long-term care and follow-up.
Medical bills may include:
Whatever it costs to treat your injuries and recover your health, you deserve to have it compensated. By seeking a personal injury settlement after a car accident, it helps relieve the worry over the price of care, and lets you simply access the medical attention you require when you need it.
How much to expect from a car accident settlement depends on your individual costs and injuries. The experienced attorneys at Osborne & Francis can help calculate your losses and seek the maximum available compensation.
Whether you’re employed full-time, part-time, as a freelancer, or you run your own business, any interruption to your ability to work could manifest in multiple losses. These are costs you incur in money, time, and time-sensitive opportunities.
Job-related losses a car accident settlement could cover may include:
Calculating all of these losses to date and accounting for the future impact losses (interest unearned, for example) is one of the tasks an experienced car accident lawyer will complete on your behalf.
A person’s vehicle is often their lifeline to employment and vital chores like grocery shopping and doctor appointments. As such, it’s important that repairs are done quickly and competently.
Property costs addressed in a car accident lawsuit may include:
A person’s possessions are far easier to replace after a car accident than recovering from physical injuries. Nevertheless, these are stressful chores that may interrupt your life for weeks or months after the accident. What these repairs cost in both money and time are matters a court can rule on.
Hiring an experienced car accident attorney from Osborne & Francis saves you time, and increases your likelihood of a maximum settlement amount.
The psychological toll of an accident is an injury just like any physical damage. These unseen injuries are often more difficult to quantify financially. However, a skilled car accident lawyer knows how to present them during pretrial negotiations or to a judge to make sure you are fully compensated.
Pain and suffering damages may cover conditions like:
Your lawyer can help translate these matters into figures the court can understand. With your permission, they may use statements from your doctors or counselors to help strengthen their argument and maximize your compensation.
In cases that go before a judge, one aspect of a car accident verdict may address “punitive” damages. These are fees charged to the liable party to act as a punishment, a deterrent for future behavior, or because the judge finds it to be appropriate after considering the circumstances.
Punitive damages in a car accident settlement could be ordered due to:
Punitive damages can be difficult to prove without an in-depth understanding of the law. This is why hiring an attorney means a higher settlement amount for clients, even after factoring for the lawyer’s fees.An attorney saves you the time it takes to file your case and research the law. We also have knowledge about which facts related to your case make the strongest possible evidence. Our experience in dealing with opposing attorneys and insurance adjusters means we negotiate with confidence.
We know what your case is worth, and will not settle for a lowball offer.
These are the main areas that car accident settlements and damages awards usually cover. In cases of wrongful death where a person has died due to their injuries, settlement negotiations change to account for an even greater and irreplaceable loss.
After a car accident, the clock for filing a lawsuit starts ticking. In Florida, where the offices of Osborne & Francis are headquartered, the deadline for filing a car accident lawsuit is four years from the date of the collision.
However, once your case is filed, many clients wonder, “How long does a car accident settlement take?” That depends on how quickly we’re able to access your case details, and gather evidence before it degrades or gets lost. The sooner you greenlight a lawyer from Osborne & Francis to act on your behalf, the better your chances are for speedy access to the financial resources you’re entitled to.
If you’re in need of representation after a car accident, reach out to Osborne & Francis today by calling (561) 293-2600. We are prepared to fully explore your case and pursue every accessible means of compensation available to you.